Cortec Corporation 401(K) Plan — Form 5500 plan (Cortec Corporation)
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, Cortec Corporation 401(K) Plan is a benefit plan reported by Cortec Corporation under EIN 41-1526115 and plan number 001. The latest loaded filing year is 2023. The filing reports 193 participants and $13,530,835 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cortec Corporation
- EIN
- 41-1526115
- Plan number
- 001
- Plan type
- 2
- Location
- White Bear Lake, MN
- Latest filing year
- 2023
- Participants
- 193
- End-of-year plan assets
- $13,530,835
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 193 | H, C | 20240924150059NAL0004772563001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,530,835
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,530,835
- Net assets (BOY)
- $11,096,525
Income & contributions
- Employer contributions
- $361,931
- Participant contributions
- $665,613
- Total contributions
- $1,059,090
- Total income / additions
- $2,933,884
Expenses & distributions
- Benefits paid
- $494,675
- Administrative expenses
- $4,899
- Total expenses
- $499,574
- Net increase / (decrease)
- $2,434,310
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $4,898 | $0 | 2023 |