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, Karmak, Inc. 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Karmak, Inc. under EIN 37-1112601 and plan number 001. The latest loaded filing year is 2023. The filing reports 308 participants and $24,094,020 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,094,020
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,094,020
- Net assets (BOY)
- $22,100,020
Income & contributions
- Employer contributions
- $254,382
- Participant contributions
- $1,398,431
- Total contributions
- $2,281,429
- Total income / additions
- $5,664,528
Expenses & distributions
- Benefits paid
- $3,609,345
- Administrative expenses
- $60,178
- Total expenses
- $3,670,528
- Net increase / (decrease)
- $1,994,000