How much does Forte Residential, Inc. contribute to its ESOP?

In 2023, employer contributions to the Forte Residential, Inc. plan averaged $3,749 per active participant, above the $2,440 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Forte Residential, Inc. 401(k)?

The average participant account balance was $45,193 for plan year 2023, based on 353 accounts.

Forte Residential, Inc.ESOP

Name: Forte Residential, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

FORTE RESIDENTIAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN · WARSAW, IN · plan year 2023

Employer contribution per participant · 2023

$3,749

Forte Residential, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $15,953,054 across 353 participant accounts, with employer contributions averaging $3,749 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 684th-largest of 1,562 plans among Indiana employers on file, and the 4,319th of 11,911 in health care & social assistance. active participation has grown from 273 to 304 since 2022.

Plan summary
Net assets, end of year$15,953,054
Participants with balances353
Active participants304
Employer contributions$1,139,807
Employee contributions—
Employer contribution per active participant$3,749
Average account balance$45,193
Benefits paid to participants$808,355
Plan auditUnmodified (clean) audit opinion
AuditorKRUGGEL LAWTON & COMPANY, LLC

Plan history3

Yearassets · accounts · employer contribution

2024$15.6M · 348 accts · $1.1M emplr

2023$16.0M · 353 accts · $1.1M emplr

2022$11.0M · 336 accts · $889K emplr

Employer contributions to the Forte Residential, Inc. plan · 2023

Employer contribution per active participant$3,749

Median for plans this size$2,440

2024$4,401 per active participant

2023$3,749 per active participant

2022$3,257 per active participant

Forte Residential, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 351858834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.