401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-11

$94M
Total assets: 3,255
Participants: 91st
Percentile by assets: $28,963
Avg per participant

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.

91st percentile by assets (of 127,072 plans)
#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.

$94M
total plan assets (2023 EOY): 3,255
covered participants: 91st
percentile by assets (of 127,072 plans): $28,963
avg assets per participant

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

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 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 →

State

Minnesota

Industry

Retail Trade

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Northern Tool & Equipment Company, Inc. 401(k) Plan reports 3,255 participants - 2.9x that state average ($94M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$86M
Net Assets (End of Year)	$94M
Net Income	$9M
Employer EIN	411405311
Plan Effective Date	1991-08-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Northern Tool & Equipment Company, Inc. plans on file

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

Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
Medtronic Savings and Investment Plan $12.9B · 44,342
3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
U.S. Bank 401(k) Savings Plan $10.3B · 75,272

Compare Northern Tool & Equipment Company, Inc. … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Northern Tool & Equipment Company, Inc. 401(k) Plan by total assets, not by location.

Datalogic 401(k) Plan (OR) $94M · 459
Bridgestone Americas, Inc. Retirement Savings Plan (TN) $94M · 854
Ohl N.a. 401(k) Plan (NY) $94M · 848
Covenant Retirement Plan (IL) $94M · 1,771

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).

Next read for Northern Tool & Equipment Company, Inc. …

Filing takeaways

Ways to act on Northern Tool & Equipment Company, Inc. 401(k) Plan's numbers.

By total assets, Northern Tool & Equipment Company, Inc. 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Northern Tool & Equipment Company, Inc.'s sponsor-wide assets have grown 21.5% since 2022 across 3 plan years on file. More Retail Trade plans

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.