The Ralph Korte Enterprises Profit-Sharing/Thrift Plan — Form 5500 plan (Korte Construction Company)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Ralph Korte Enterprises Profit-Sharing/Thrift Plan is a benefit plan reported by Korte Construction Company under EIN 37-1017433 and plan number 002. The latest loaded filing year is 2023. The filing reports 304 participants and $47,969,714 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$48MPlan net assets, end of year$47,969,714
Participants304Covered participants reported
Assets / participant$157.8KComputed: assets ÷ participants$157,795 (computed)
Provider compensation$27.6K3 Schedule C provider row(s)$27,601
- Plan sponsor
- Korte Construction Company
- EIN
- 37-1017433
- Plan number
- 002
- Plan type
- 2
- Location
- Highland, IL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 304 | H, C | 20240910054129NAL0009250864001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$48M total assets
Net assets$48MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $47,969,714
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,969,714
- Net assets (BOY)
- $39,846,714
Income & contributions
- Employer contributions
- $549,091
- Participant contributions
- $2,477,039
- Total contributions
- $3,166,165
- Total income / additions
- $12,537,621
Expenses & distributions
- Benefits paid
- $4,387,019
- Administrative expenses
- $27,602
- Total expenses
- $4,414,621
- Net increase / (decrease)
- $8,123,000
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
18%82%
Employer 18%Participant 82%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income35%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Rubinbrown Llp | ACCOUNTANT/AUDITOR | $18,375 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $7,553 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $1,673 | $0 | 2023 |