Plan Snapshot
- Plan Sponsor: Cortec Corporation
- Sponsor EIN: 411526115
- Sponsor Address: 4119 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN, 551107634
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 191
- Total Assets: $17.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 191 | $17.7M | $0 | $0 |
| 2024 | 144 | $15.7M | $379,545 | $744,372 |
| 2023 | 154 | $13.5M | $361,931 | $665,613 |
| 2022 | 151 | $11.1M | $339,344 | $590,550 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| REDPATH AND COMPANY, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $1,709,503 | — | $4,522 | — | — |
| 2024 | $6,916 | — | $6,916 | — | — |
| 2023 | $4,899 | — | $4,899 | — | — |
| 2022 | $28,975 | — | $28,975 | — | — |