Kravet Inc. 401(K) Savings And Profit Sharing Plan — Form 5500 plan (Kravet Inc.)
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, Kravet Inc. 401(K) Savings And Profit Sharing Plan is a benefit plan reported by Kravet Inc. under EIN 11-3265273 and plan number 001. The latest loaded filing year is 2023. The filing reports 867 participants and $60,010,329 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Kravet Inc.
- EIN
- 11-3265273
- Plan number
- 001
- Plan type
- 2
- Location
- Woodbury, NY
- Latest filing year
- 2023
- Participants
- 867
- End-of-year plan assets
- $60,010,329
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 867 | H, C | 20241014162446NAL0045294592001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $60,010,329
- Net assets (EOY)
- $60,010,329
- Net assets (BOY)
- $50,221,808
Income & contributions
- Employer contributions
- $395,039
- Participant contributions
- $3,701,605
- Total contributions
- $4,459,149
- Total income / additions
- $12,178,998
Expenses & distributions
- Benefits paid
- $2,170,540
- Administrative expenses
- $219,937
- Total expenses
- $2,390,477
- Net increase / (decrease)
- $9,788,521
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Vanguard Group, Inc. | RECORDKEEPER | $102,942 | $0 | 2023 |
| Alliant Retirement Services | TPA | $60,000 | $0 | 2023 |