My Plan Facts

Employers › Minnesota

Employer · plans filed under one EIN

Broadhead Enterprises Inc.

Minneapolis, MN · Professional, scientific and technical services

Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.

$21.5Mnet assets across plans
377participant records241 active
$711Kemployer contributions, latest plan years$2,950 per active record
$68KSchedule C compensation to organisations$179.37 per participant record

Broadhead Enterprises Inc., based in Minneapolis, Minnesota, sponsors 2 retirement plans with 100 or more participants: 2 defined contribution. Together they reported 377 participant records and $21.5M in net assets.

The largest is Broadhead Enterprises Inc. 401(k) Plan, a 401(k) plan with 215 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.

Employer contributions across the plans were $711K and participant contributions $1.7M in the latest plan years; benefits paid were $1.8M. Schedule C compensation reported to service provider organisations totalled $68K.

Plans

PlanKindPlan yearParticipantsNet assetsPer participantEmployer / activeSch. C compensation
Broadhead Enterprises Inc. 401(k) Plan401(k) plan2024215$19.0M$88,332$4,692$68K
Broadhead Enterprises, Inc. Employee Stock Ownership Planemployee stock ownership plan2024162$2.5M$15,364$616$0
US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244.

Trend by plan year

2023: $14.8M2024: $21.5M$14.8M$21.5M20232024
Combined net assets
2023: 3302024: 37733037720232024
Participant records
Plan yearPlansParticipant recordsNet assetsEmployer contributionsParticipant contributions
20242377$21.5M$710K$1.7M
20232330$14.8M$513K$1.4M

History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.

Service providers

OrganisationServices reportedPlansCompensation reported
Principal Life Insurance CompanyContract Administrator; Participant loan processing1$40,020
Global Retirement Partners LLCInvestment advisory (plan)1$27,604

Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.

Principal Life Insurance Company$40K
Global Retirement Partners LLC$28K

Questions and answers

How many retirement plans does Broadhead Enterprises Inc. have?

2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Broadhead Enterprises Inc. 401(k) Plan and Broadhead Enterprises, Inc. Employee Stock Ownership Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.

How much does Broadhead Enterprises Inc. contribute to its plans?

$710,964 in employer contributions across these plans in their latest plan years, about $2,950 per active participant record. Form 5500 reports totals and not the match or accrual formula.

Who provides services to these plans?

Schedule C filings name Principal Life Insurance Company and Global Retirement Partners LLC. Only organisations paid $5,000 or more by a plan are listed on Schedule C.

Where does this come from?

Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.

Provenance

Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.