401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$104M
Total assets Near avg plan size
2,697
Participants Above avg headcount
91st
Percentile by assets National rank
$38,571
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

$104M in assets, 2,697 participants

Northern Tool & Equipment Company, Inc.'s Northern Tool & Equipment Company, Inc. 401(k) Plan reported $104M in total assets and 2,697 participants in its 2024 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.

  • #7,623 in Retail Trade (8,048 peers)

Coverage in Minnesota

Northern Tool & Equipment Company, Inc. 401(k) Plan covers 2,697 participants in Minnesota, 2.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $104M.

#7,623
in Retail Trade (8,048 peers)
+10.3%
assets growth YoY
1.0×
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 2024 · DOL Form 5500

$104,026,208 Top 9% higher than 91% of 123,620 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 2024

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

Plan-year 2024 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 (2,697 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Northern Tool & Equipment Company, Inc. 401(k) Plan reported participants fell from 3,255 in the plan year 2023 filing to 2,697 in the plan year 2024 filing.
  • Northern Tool & Equipment Company, Inc. 401(k) Plan reported net income rose from $9M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Northern Tool & Equipment Company, Inc. 401(k) Plan end-of-year assets rose from $94M in the plan year 2023 filing to $104M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 411405311 · Northern Tool & Equipment Company, Inc. PY 2024 · 401(k)

Northern Tool & Equipment Company, Inc. 401(k) Plan · $104M · 2,697 · 91st

  • ASSETS $104M
  • ASSETS 2,697
  • ASSETS 91st
  • ASSETS 401(k)
  • ASSETS near The Stepping Stones Group Retirement Plan
  • ASSETS ind #7623

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

Amspec, LLC Retirement Savings PlanAmspec, LLC Retirement Savin…$104MOrthopaedics Northeast, PC Profit Sharing PlanOrthopaedics Northeast, PC P…$104MNorthern Tool & Equipment Company, Inc. 401(k) PlanNorthern Tool & Equipment Co…$104MThe Stepping Stones Group Retirement PlanThe Stepping Stones Group Re…$104MAbarta, Inc. Deferred Compensation 401(k) Savings Plan for Non-Union EmployeesAbarta, Inc. Deferred Compen…$104M
End-of-year total assets ($M) among Northern Tool & Equipment Company, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$94M
Net Assets (End of Year)$104M
Net Income$10M
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 -20020406080 Total assets ($B) Participants Northern Tool & Equipment Company, Inc. 401(k) Plan, Total assets ($B): 0.104026208 · Participants: 2697Northern Tool & Equipment Company, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 The Stepping Stones Group Retirement Plan in MA ($104M); by covered participants it is All American Homecare Agency Inc 401(k) Plan in NY (2,697 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,697 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Northern Tool & Equipment Company, Inc. 401(k) Plan grew at a solid clip - up 10.3% during 2024, from $94M to $104M. Reported net income was $10M.
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 123,622 plans that reported assets for plan year 2024 (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 The Stepping Stones Group Retirement Plan in MA ($104M, 15,723 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 All American Homecare Agency Inc 401(k) Plan in NY (2,697 participants, $20M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.