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Network Trading, LLC

Company Details

Name: Network Trading, LLC
Jurisdiction: Minnesota
Legal type: Limited Liability Company (Domestic)
Status: Active / In Good Standing
Date formed: 02 Jan 2018 (7 years ago)
Company Number: 0c3c2c5e-fdef-e711-9154-00155d0d6f70
File Number: 991668200054
Registered Office Address: 301 Main Str, PO Box 124, Nerstrand, MN 55053, USA
Principal Executive Office Address: 301 Main St, Nerstrand, MN 55053, USA
ZIP code: 55053
County: Rice County
Place of Formation: Minnesota

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
NETWORK TRADING LLC PROFIT SHARING PLAN 2023 823809681 2024-10-01 NETWORK TRADING LLC 5
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1989-12-31
Business code 115210
Sponsor’s telephone number 5073340022
Plan sponsor’s mailing address PO BOX 124, NERSTRAND, MN, 55053
Plan sponsor’s address 301 MAIN ST, NERSTRAND, MN, 55053

Number of participants as of the end of the plan year

Active participants 3
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 2
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 4
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 1

Signature of

Role Plan administrator
Date 2024-10-01
Name of individual signing GREG NESSETH
Valid signature Filed with authorized/valid electronic signature
NETWORK TRADING LLC PROFIT SHARING PLAN 2022 823809681 2023-08-04 NETWORK TRADING LLC 4
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1989-12-31
Business code 115210
Sponsor’s telephone number 5073340022
Plan sponsor’s mailing address PO BOX 124, NERSTRAND, MN, 55053
Plan sponsor’s address 301 MAIN ST, NERSTRAND, MN, 55053

Number of participants as of the end of the plan year

Active participants 5
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 0
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 4
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 0

Signature of

Role Plan administrator
Date 2023-08-04
Name of individual signing GREG NESSETH
Valid signature Filed with authorized/valid electronic signature
NETWORK TRADING LLC PROFIT SHARING PLAN 2021 823809681 2022-10-03 NETWORK TRADING LLC 4
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1989-12-31
Business code 115210
Sponsor’s telephone number 5073340022
Plan sponsor’s mailing address PO BOX 124, NERSTRAND, MN, 55053
Plan sponsor’s address 301 MAIN ST, NERSTRAND, MN, 55053

Number of participants as of the end of the plan year

Active participants 4
Number of participants with account balances as of the end of the plan year 4

Signature of

Role Plan administrator
Date 2022-10-03
Name of individual signing GREG NESSETH
Valid signature Filed with authorized/valid electronic signature
NETWORK TRADING LLC PROFIT SHARING PLAN 2020 823809681 2021-10-11 NETWORK TRADING LLC 4
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1989-12-31
Business code 115210
Sponsor’s telephone number 5073340022
Plan sponsor’s mailing address PO BOX 124, NERSTRAND, MN, 55053
Plan sponsor’s address 301 MAIN ST, NERSTRAND, MN, 55053

Number of participants as of the end of the plan year

Active participants 4
Number of participants with account balances as of the end of the plan year 4

Signature of

Role Plan administrator
Date 2021-10-11
Name of individual signing GREG NESSETH
Valid signature Filed with authorized/valid electronic signature
NETWORK TRADING LLC PROFIT SHARING PLAN 2019 823809681 2020-10-12 NETWORK TRADING LLC 3
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1989-12-31
Business code 115210
Sponsor’s telephone number 5073340022
Plan sponsor’s mailing address PO BOX 124, NERSTRAND, MN, 55053
Plan sponsor’s address 301 MAIN ST, NERSTRAND, MN, 55053

Number of participants as of the end of the plan year

Active participants 4
Number of participants with account balances as of the end of the plan year 3

Signature of

Role Plan administrator
Date 2020-10-12
Name of individual signing GREG NESSETH
Valid signature Filed with authorized/valid electronic signature
NETWORK TRADING LLC PROFIT SHARING PLAN 2018 823809681 2019-09-18 NETWORK TRADING LLC 3
File View Page
Three-digit plan number (PN) 002
Effective date of plan 1989-12-31
Business code 115210
Sponsor’s telephone number 5073340022
Plan sponsor’s mailing address PO BOX 124, NERSTRAND, MN, 55053
Plan sponsor’s address 301 MAIN ST, NERSTRAND, MN, 55053

Number of participants as of the end of the plan year

Active participants 3
Retired or separated participants receiving benefits 0
Other retired or separated participants entitled to future benefits 0
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Number of participants with account balances as of the end of the plan year 3

Signature of

Role Plan administrator
Date 2019-09-18
Name of individual signing GREG NESSETH
Valid signature Filed with authorized/valid electronic signature

Manager

Name Role Address
Norman William Johnson Manager 301 Main St, Nerstrand, MN 55053, USA

Agent

Name Role
Norman W Johnson Agent

Filing

Filing Name Filing date
Original Filing - Limited Liability Company (Domestic) (Business Name: Network Trading, LLC) 2018-01-02

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
2793368808 2021-04-13 0508 PPP 301 Main St, Nerstrand, MN, 55053-3810
Loan Status Date 2021-11-09
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 27312
Loan Approval Amount (current) 27312
Undisbursed Amount 0
Franchise Name -
Lender Location ID 38644
Servicing Lender Name Lake Country Community Bank
Servicing Lender Address 111 Division St, MORRISTOWN, MN, 55052
Rural or Urban Indicator U
Hubzone Y
LMI N
Business Age Description Existing or more than 2 years old
Project Address Nerstrand, RICE, MN, 55053-3810
Project Congressional District MN-01
Number of Employees 2
NAICS code 523130
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Limited Liability Company(LLC)
Originating Lender ID 38644
Originating Lender Name Lake Country Community Bank
Originating Lender Address MORRISTOWN, MN
Gender Male Owned
Veteran Veteran
Forgiveness Amount 27440.21
Forgiveness Paid Date 2021-10-06

Date of last update: 06 Feb 2025

Sources: Minnesota's Official State Website