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, Kern, Inc. 401(K) Plan is a benefit plan reported by Kern, Inc. under EIN 22-3538481 and plan number 001. The latest loaded filing year is 2023. The filing reports 179 participants and $10,652,215 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,652,215
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,652,215
- Net assets (BOY)
- $8,816,298
Income & contributions
- Employer contributions
- $190,373
- Participant contributions
- $639,043
- Total contributions
- $982,956
- Total income / additions
- $2,318,299
Expenses & distributions
- Benefits paid
- $422,393
- Administrative expenses
- $48,348
- Total expenses
- $482,382
- Net increase / (decrease)
- $1,835,917