401(k) · DOL Form 5500 · 2023

Korte Construction Company 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
215
Participants Below avg headcount
85th
Percentile by assets National rank
$223,115
Avg per participant Above avg balance/head
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Official DOL plan name: The Ralph Korte Enterprises Profit-Sharing/Thrift Plan · Sponsored by Korte Construction Company · Illinois · Construction

$48M in assets, 215 participants

Korte Construction Company's The Ralph Korte Enterprises Profit-Sharing/Thrift Plan reported $48M in total assets and 215 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,493 in Construction (9,030 peers)

Coverage in Illinois

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan covers 215 participants in Illinois, about 28% of the average Illinois filer (state average ~779 per filing). Assets: $48M.

#7,493
in Construction (9,030 peers)
+20.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan's outsized position by total assets

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$47,969,714 Top 15% higher than 85% of 127,068 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 2023

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Ralph Korte Enterprises Profit-Sharing/Thrift Plan sits mid-pack in the medium band (215 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Ralph Korte Enterprises Profit-Sharing/Thrift Plan reported net income rose from -$12M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • The Ralph Korte Enterprises Profit-Sharing/Thrift Plan end-of-year assets rose from $40M in the plan year 2022 filing to $48M in the plan year 2023 filing.
  • The Ralph Korte Enterprises Profit-Sharing/Thrift Plan reported participants rose from 200 in the plan year 2022 filing to 215 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 371017433 · Korte Construction Company PY 2023 · 401(k)

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan · $48M · 215 · 85th

  • SCH $48M
  • SCH 215
  • SCH 85th
  • SCH 401(k)
  • SCH near Woodside Group, LLC 401(k) Retirement Savings Plan
  • SCH ind #7493

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 Construction retirement plans → · Plans in Illinois →

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan in the asset neighbourhood

Belden Holding and Acquisition Company 401(k) PlanBelden Holding and Acquisiti…$48MOliver, Inc. 401(k) Retirement PlanOliver, Inc. 401(k) Retireme…$48MThe Ralph Korte Enterprises Profit-Sharing/Thrift PlanThe Ralph Korte Enterprises …$48MWoodside Group, LLC 401(k) Retirement Savings PlanWoodside Group, LLC 401(k) R…$48MRestorixhealth 401(k) Plan$48M
End-of-year total assets ($M) among The Ralph Korte Enterprises Profit-Sharing/Thrift Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$48M
Net Income$8M
Employer EIN371017433
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Korte Construction Company)

Sponsor-wide plan assets over time

All Korte Construction Company plans reported in each filing year

Latest sponsor-wide plan assets
$53M 32.47200258470498% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $39.9M $52.8M ▲ +32.5%
Year Plans Participants Total Assets
2022 1 200 $40M
2023 1 215 $48M
2024 1 215 $53M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants The Ralph Korte Enterprises Profit-Sharing/Thrift Plan, Total assets ($B): 0.047969714 · Participants: 215The Ralph Korte Enterprises Profit-Sharing/Thrift PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
The Ralph Korte Enterprises Profit-Sharing/Thrift Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare The Ralph Korte Enterprises Profit-Sharing/Thrift Plan side-by-side with 3 peers →

The Ralph Korte Enterprises Profit-Sharing/Thrift Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Woodside Group, LLC 401(k) Retirement Savings Plan in UT ($48M); by covered participants it is West Tennessee Bone & Joint Clinic, P.C. Profit Sharing Plan in TN (215 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($48M here).

Similar participant headcount

Nearest other-state filings by covered participants (215 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Ralph Korte Enterprises Profit-Sharing/Thrift Plan assets move in 2023? ▼
The Ralph Korte Enterprises Profit-Sharing/Thrift Plan grew sharply - up 20.4% during 2023, from $40M to $48M. Reported net income was $8M.
How have Korte Construction Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Korte Construction Company's sponsor-wide assets grew 32.5%, from $40M to $53M.
Where does The Ralph Korte Enterprises Profit-Sharing/Thrift Plan rank by assets among Form 5500 filers? ▼
The Ralph Korte Enterprises Profit-Sharing/Thrift Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to The Ralph Korte Enterprises Profit-Sharing/Thrift Plan? ▼
Among 401(k) plans in other states, the closest by assets is Woodside Group, LLC 401(k) Retirement Savings Plan in UT ($48M, 552 participants).
Which 401(k) plans cover a similar participant headcount to The Ralph Korte Enterprises Profit-Sharing/Thrift Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is West Tennessee Bone & Joint Clinic, P.C. Profit Sharing Plan in TN (215 participants, $33M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 371017433.

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.