Korman Communities 401(K) Plan — Form 5500 plan (Shk Management, 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, Korman Communities 401(K) Plan is a benefit plan reported by Shk Management, Inc. under EIN 23-2827661 and plan number 001. The latest loaded filing year is 2023. The filing reports 836 participants and $41,806,104 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Shk Management, Inc.
- EIN
- 23-2827661
- Plan number
- 001
- Plan type
- 3
- Location
- Plymouth Meeting, PA
- Latest filing year
- 2023
- Participants
- 836
- End-of-year plan assets
- $41,806,104
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 836 | H, C | 20241011154359NAL0022252785001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $41,806,104
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,806,104
- Net assets (BOY)
- $34,945,377
Income & contributions
- Employer contributions
- $1,137,190
- Participant contributions
- $2,918,955
- Total contributions
- $4,798,222
- Total income / additions
- $10,832,606
Expenses & distributions
- Benefits paid
- $3,809,483
- Administrative expenses
- $162,396
- Total expenses
- $3,971,879
- Net increase / (decrease)
- $6,860,727
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $79,975 | $0 | 2023 |
| Summit Group Retirement Planners | ADVISOR | $63,205 | not reported in the loaded dataset | 2023 |
| Kreischer Miller | ACCOUNTANT/AUDITOR | $17,716 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Shk Management, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Plymouth Meeting, PA
- Fidelity Investments Institutional — Schedule C compensation
- Summit Group Retirement Planners — Schedule C compensation
- Kreischer Miller — Schedule C compensation