Korman Services L.p. 401(k) Plan: Login, Facts & Contact Information
No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.
Korman Services L.p. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2020 filing.
Korman Services L.p. 401(k) Plan Facts (plan year 2020)
Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 15, 2021. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2020
- $3.09 million went into the plan in contributions, $951,629 of it from the employer (31%).
- $4.37 million was paid out to participants.
- Investment and other income added $4.18 million.
- Administrative expenses were $157,923, about $279 per account.
How the Korman Services L.p. 401(k) changed, 2015–2020
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2015 | 456 | $15.7 million | $645,927 | $740,598 |
| 2016 | 487 | $18.8 million | $749,849 | $824,535 |
| 2017 | 539 | $24.3 million | $819,007 | $849,846 |
| 2018 | 611 | $24.1 million | $952,792 | $1.81 million |
| 2019 | 773 | $31.9 million | $1.08 million | $1.49 million |
| 2020 | 860 | $31.7 million | $951,629 | $4.37 million |
Korman Services L.p. 401(k) Contact Information
Questions about the Korman Services L.p. 401(k)
Is the Korman Services L.p 401(k) plan still active?
We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.
Does Korman Services L.p contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $951,629, 31% of all contributions.
Does the Korman Services L.p 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Korman Services L.p 401(k) plan?
860 participants at the start of plan year 2020, 639 of them active employees, and 180 former employees who still had money in the plan.
What is the average 401(k) balance at Korman Services L.p?
About $55,930 per account: $31.7 million in plan assets across 567 accounts with a balance at the end of plan year 2020.
Who manages the Korman Services L.p 401(k) accounts?
Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.