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KARUM GROUP LLC 401K PLAN 401k Plan overview

Plan NameKARUM GROUP LLC 401K PLAN
Plan identification number 001

KARUM GROUP LLC 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

KARUM GROUP LLC has sponsored the creation of one or more 401k plans.

Company Name:KARUM GROUP LLC
Employer identification number (EIN):300640946
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about KARUM GROUP LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2649464

More information about KARUM GROUP LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KARUM GROUP LLC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01RUSSELL OUCHIDA
0012016-01-01RUSSELL OUCHIDA

Plan Statistics for KARUM GROUP LLC 401K PLAN

401k plan membership statisitcs for KARUM GROUP LLC 401K PLAN

Measure Date Value
2022: KARUM GROUP LLC 401K PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0117
Total number of active participants reported on line 7a of the Form 55002022-01-0111
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-016
Total of all active and inactive participants2022-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0117
Number of participants with account balances2022-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: KARUM GROUP LLC 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0113
Total number of active participants reported on line 7a of the Form 55002021-01-0111
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-016
Total of all active and inactive participants2021-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0117
Number of participants with account balances2021-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: KARUM GROUP LLC 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0116
Total number of active participants reported on line 7a of the Form 55002020-01-017
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-016
Total of all active and inactive participants2020-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0113
Number of participants with account balances2020-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: KARUM GROUP LLC 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0116
Total number of active participants reported on line 7a of the Form 55002019-01-0110
Number of other retired or separated participants entitled to future benefits2019-01-016
Total of all active and inactive participants2019-01-0116
Total participants2019-01-0116
Number of participants with account balances2019-01-0114
2018: KARUM GROUP LLC 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0116
Total number of active participants reported on line 7a of the Form 55002018-01-0110
Number of other retired or separated participants entitled to future benefits2018-01-016
Total of all active and inactive participants2018-01-0116
Total participants2018-01-0116
Number of participants with account balances2018-01-0114
2017: KARUM GROUP LLC 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0117
Total number of active participants reported on line 7a of the Form 55002017-01-019
Number of other retired or separated participants entitled to future benefits2017-01-017
Total of all active and inactive participants2017-01-0116
Total participants2017-01-0116
Number of participants with account balances2017-01-0115
2016: KARUM GROUP LLC 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0117
Total number of active participants reported on line 7a of the Form 55002016-01-017
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0117
Number of participants with account balances2016-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on KARUM GROUP LLC 401K PLAN

Measure Date Value
2022 : KARUM GROUP LLC 401K PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-621,052
Expenses. Total of all expenses incurred2022-12-31$30,342
Benefits paid (including direct rollovers)2022-12-31$26,249
Total plan assets at end of year2022-12-31$4,443,779
Total plan assets at beginning of year2022-12-31$5,095,173
Value of fidelity bond covering the plan2022-12-31$500,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$144,762
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-816,864
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-651,394
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,443,779
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,095,173
Assets. Value of participant loans2022-12-31$4,030
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$51,050
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$2,030
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$2,063
2021 : KARUM GROUP LLC 401K PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,068,894
Expenses. Total of all expenses incurred2021-12-31$148,308
Benefits paid (including direct rollovers)2021-12-31$146,678
Total plan assets at end of year2021-12-31$5,095,173
Total plan assets at beginning of year2021-12-31$4,174,587
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$156,008
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$843,285
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$920,586
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,095,173
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,174,587
Total contributions received or receivable from employer(s)2021-12-31$69,601
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,630
2020 : KARUM GROUP LLC 401K PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,267,798
Expenses. Total of all expenses incurred2020-12-31$1,201,677
Benefits paid (including direct rollovers)2020-12-31$1,200,000
Total plan assets at end of year2020-12-31$4,174,587
Total plan assets at beginning of year2020-12-31$4,108,466
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$391,463
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$749,843
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$66,121
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,174,587
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$4,108,466
Assets. Value of participant loans2020-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-12-31$292,088
Total contributions received or receivable from employer(s)2020-12-31$126,492
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,677
2019 : KARUM GROUP LLC 401K PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$887,188
Expenses. Total of all expenses incurred2019-12-31$1,400
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$4,108,466
Total plan assets at beginning of year2019-12-31$3,222,678
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$887,188
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$885,788
Net plan assets at end of year (total assets less liabilities)2019-12-31$4,108,466
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,222,678
Assets. Value of participant loans2019-12-31$11,287
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$292,088
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$1,400
2018 : KARUM GROUP LLC 401K PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-264,935
Expenses. Total of all expenses incurred2018-12-31$33,694
Benefits paid (including direct rollovers)2018-12-31$32,169
Total plan assets at end of year2018-12-31$3,222,678
Total plan assets at beginning of year2018-12-31$3,521,307
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-264,935
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-298,629
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,222,678
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,521,307
Assets. Value of participant loans2018-12-31$11,287
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,525
2017 : KARUM GROUP LLC 401K PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$618,410
Expenses. Total of all expenses incurred2017-12-31$138,608
Benefits paid (including direct rollovers)2017-12-31$136,708
Total plan assets at end of year2017-12-31$3,521,307
Total plan assets at beginning of year2017-12-31$3,041,505
Value of fidelity bond covering the plan2017-12-31$500,000
Total contributions received or receivable from participants2017-12-31$32,100
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$572,885
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$479,802
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,521,307
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,041,505
Assets. Value of participant loans2017-12-31$11,287
Total contributions received or receivable from employer(s)2017-12-31$13,425
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1,900
2016 : KARUM GROUP LLC 401K PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$350,243
Expenses. Total of all expenses incurred2016-12-31$127,736
Benefits paid (including direct rollovers)2016-12-31$125,586
Total plan assets at end of year2016-12-31$3,041,505
Total plan assets at beginning of year2016-12-31$2,818,998
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$75,237
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$243,615
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$222,507
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,041,505
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,818,998
Assets. Value of participant loans2016-12-31$12,847
Total contributions received or receivable from employer(s)2016-12-31$31,391
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$2,150

Form 5500 Responses for KARUM GROUP LLC 401K PLAN

2022: KARUM GROUP LLC 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: KARUM GROUP LLC 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: KARUM GROUP LLC 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: KARUM GROUP LLC 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: KARUM GROUP LLC 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: KARUM GROUP LLC 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: KARUM GROUP LLC 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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