Civic Intelligence

James R. Korman Ltd

Plan context: James R. Korman Ltd. Profit Sharing Plan and Trust

EIN 41-1255029 • Faribault, MN • 26 filings • 4 plans

504 Central Ave.Faribault, MN 55021
Current Snapshot

Latest Year

2024

2024 Participants

3

2024 Assets

$796,286

2024 Contributions

$40,000

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,426,311$1,713,156$0199920122023YearValue
$796,286Latest year 2023

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

320199920112023YearValue
3Latest year 2023

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202410$0$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-0$0$0-
202313$796,286$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$796,286$0-
202213$858,843$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$858,843--
202113$896,456$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$896,456--
202013$990,947$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$990,947$0-
201913$984,097$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$984,097$0-
201813$1,024,385$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$1,024,385$0-
201713$1,061,935$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$1,061,935--
201613$1,100,779$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$1,100,779--
201512$1,165,801$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$1,165,801--
201412$3,129,704$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$3,129,704--
201312$3,266,368$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$3,266,368--
201212$3,339,591$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$3,339,591--
201112$3,426,311$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$3,426,311--
201012$3,367,460$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$3,367,460--
200912$3,258,147$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$3,258,147--
200812$3,294,763$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2$3,294,763--
200712$0$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-2---
200613$3,094,008$0-
James R. Korman Ltd. Profit Sharing Plan and Trust-3$3,094,008--
200513$2,907,411$40,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
James R. Korman Ltd. Profit Sharing Plan and Trust-3$2,907,411$40,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
200413$2,753,920$45,000$15,000iApproximate average salary by contribution assumption: employee only about $375,000 at 4% or $250,000 at 6%; with 50% employer match about $250,000 at 4% or $166,667 at 6%; with 100% employer match about $187,500 at 4% or $125,000 at 6%.
James R. Korman Ltd. Profit Sharing Plan and Trust-3$2,753,920$45,000$15,000iApproximate average salary by contribution assumption: employee only about $375,000 at 4% or $250,000 at 6%; with 50% employer match about $250,000 at 4% or $166,667 at 6%; with 100% employer match about $187,500 at 4% or $125,000 at 6%.
200313$2,680,361$62,750$20,917iApproximate average salary by contribution assumption: employee only about $522,917 at 4% or $348,611 at 6%; with 50% employer match about $348,611 at 4% or $232,407 at 6%; with 100% employer match about $261,458 at 4% or $174,306 at 6%.
James R. Korman Ltd. Profit Sharing Plan and Trust-3$2,680,361$62,750$20,917iApproximate average salary by contribution assumption: employee only about $522,917 at 4% or $348,611 at 6%; with 50% employer match about $348,611 at 4% or $232,407 at 6%; with 100% employer match about $261,458 at 4% or $174,306 at 6%.
200213$2,459,490$61,749$20,583iApproximate average salary by contribution assumption: employee only about $514,575 at 4% or $343,050 at 6%; with 50% employer match about $343,050 at 4% or $228,700 at 6%; with 100% employer match about $257,288 at 4% or $171,525 at 6%.
James R. Korman Ltd. Profit Sharing Plan and Trust-3$2,459,490$61,749$20,583iApproximate average salary by contribution assumption: employee only about $514,575 at 4% or $343,050 at 6%; with 50% employer match about $343,050 at 4% or $228,700 at 6%; with 100% employer match about $257,288 at 4% or $171,525 at 6%.
200113$2,226,493$37,982$12,661iApproximate average salary by contribution assumption: employee only about $316,517 at 4% or $211,011 at 6%; with 50% employer match about $211,011 at 4% or $140,674 at 6%; with 100% employer match about $158,258 at 4% or $105,506 at 6%.
James R. Korman Ltd. Profit Sharing Plan and Trust-3$2,226,493$37,982$12,661iApproximate average salary by contribution assumption: employee only about $316,517 at 4% or $211,011 at 6%; with 50% employer match about $211,011 at 4% or $140,674 at 6%; with 100% employer match about $158,258 at 4% or $105,506 at 6%.
200013$2,026,393$33,959$11,320iApproximate average salary by contribution assumption: employee only about $282,992 at 4% or $188,661 at 6%; with 50% employer match about $188,661 at 4% or $125,774 at 6%; with 100% employer match about $141,496 at 4% or $94,331 at 6%.
James R. Korman Ltd. Profit Sharing Plan and Trust-3$2,026,393$33,959$11,320iApproximate average salary by contribution assumption: employee only about $282,992 at 4% or $188,661 at 6%; with 50% employer match about $188,661 at 4% or $125,774 at 6%; with 100% employer match about $141,496 at 4% or $94,331 at 6%.
199912$1,847,942$28,634$14,317iApproximate average salary by contribution assumption: employee only about $357,925 at 4% or $238,617 at 6%; with 50% employer match about $238,617 at 4% or $159,078 at 6%; with 100% employer match about $178,963 at 4% or $119,308 at 6%.
James R. Korman Ltd. Profit Sharing Plan and Trust-2$1,847,942$28,634$14,317iApproximate average salary by contribution assumption: employee only about $357,925 at 4% or $238,617 at 6%; with 50% employer match about $238,617 at 4% or $159,078 at 6%; with 100% employer match about $178,963 at 4% or $119,308 at 6%.