401(k) · DOL Form 5500 · 2023

Northern Tool & Equipment Company, Inc. 401(k) Plan

Data updated 2026-08-25

$94M
Total assets Below avg plan size
3,255
Participants Above avg headcount
91st
Percentile by assets National rank
$28,963
Avg per participant Low balance/head
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Official DOL plan name: Northern Tool & Equipment Company, Inc. 401(k) Plan · Sponsored by Northern Tool & Equipment Company, Inc. · Minnesota · Retail Trade

$94M in assets, 3,255 participants

Northern Tool & Equipment Company, Inc.'s Northern Tool & Equipment Company, Inc. 401(k) Plan reported $94M in total assets and 3,255 participants in its 2023 DOL Form 5500 filing, ranking in the 91st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,980 in Retail Trade (8,414 peers)

Coverage in Minnesota

Northern Tool & Equipment Company, Inc. 401(k) Plan covers 3,255 participants in Minnesota, 2.9x the typical Minnesota plan (state average ~1,126 per filing). Assets: $94M.

#7,980
in Retail Trade (8,414 peers)
+10.1%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Northern Tool & Equipment Company, Inc. 401(k) Plan's outsized position by total assets

Northern Tool & Equipment Company, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$94,276,147 Top 9% higher than 91% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Northern Tool & Equipment Company, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Northern Tool & Equipment Company, Inc. 401(k) Plan lands in the large band (3,255 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Northern Tool & Equipment Company, Inc. 401(k) Plan reported net income rose from -$28M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Northern Tool & Equipment Company, Inc. 401(k) Plan reported participants rose from 2,544 in the plan year 2022 filing to 3,255 in the plan year 2023 filing.
  • Northern Tool & Equipment Company, Inc. 401(k) Plan end-of-year assets rose from $86M in the plan year 2022 filing to $94M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411405311 · Northern Tool & Equipment Company, Inc. PY 2023 · 401(k)

Northern Tool & Equipment Company, Inc. 401(k) Plan · $94M · 3,255 · 91st

  • TYPE $94M
  • NET 3,255
  • BOOK 91st
  • VS-ST 401(k)
  • BOY near Datalogic 401(k) Plan
  • SCH ind #7980

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Minnesota →

Northern Tool & Equipment Company, Inc. 401(k) Plan in the asset neighbourhood

Ohl N.a. 401(k) Plan$94MCovenant Retirement Plan$94MNorthern Tool & Equipment Company, Inc. 401(k) PlanNorthern Tool & Equipment Co…$94MDatalogic 401(k) Plan$94MBridgestone Americas, Inc. Retirement Savings PlanBridgestone Americas, Inc. R…$94M
End-of-year total assets ($M) among Northern Tool & Equipment Company, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$86M
Net Assets (End of Year)$94M
Net Income$9M
Employer EIN411405311
Plan Effective Date1991-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Northern Tool & Equipment Company, Inc.)

Sponsor-wide plan assets over time

All Northern Tool & Equipment Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$104M 21.499233965131356% vs 2022
2024 filing year
$80M$90M$100M$110M 202220232024 $85.6M $104M ▲ +21.5%
Year Plans Participants Total Assets
2022 1 2,544 $86M
2023 1 3,255 $94M
2024 1 2,697 $104M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Northern Tool & Equipment Company, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Northern Tool & Equipment Company, Inc. 401(k) Plan, Total assets ($B): 0.094276147 · Participants: 3255Northern Tool & Equipment Company, Inc. 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Northern Tool & Equipment Company, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Northern Tool & Equipment Company, Inc. 401(k) Plan side-by-side with 3 peers →

Northern Tool & Equipment Company, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Datalogic 401(k) Plan in OR ($94M); by covered participants it is Woodgrain Millwork, Inc. Employee Savings Plan and Trust in ID (3,255 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($94M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,255 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Northern Tool & Equipment Company, Inc. 401(k) Plan assets move in 2023? ▼
Northern Tool & Equipment Company, Inc. 401(k) Plan grew at a solid clip - up 10.1% during 2023, from $86M to $94M. Reported net income was $9M.
How have Northern Tool & Equipment Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Northern Tool & Equipment Company, Inc.'s sponsor-wide assets grew 21.5%, from $86M to $104M.
Where does Northern Tool & Equipment Company, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Northern Tool & Equipment Company, Inc. 401(k) Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Northern Tool & Equipment Company, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Datalogic 401(k) Plan in OR ($94M, 459 participants).
Which 401(k) plans cover a similar participant headcount to Northern Tool & Equipment Company, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Woodgrain Millwork, Inc. Employee Savings Plan and Trust in ID (3,255 participants, $248M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411405311.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.