KARAT, INC. has sponsored the creation of one or more 401k plans.
Additional information about KARAT, INC.
| Measure | Date | Value |
|---|
| 2023 : KARAT 401(K) PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $4,344,257 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $987,024 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $966,429 |
| Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $9,929 |
| Value of total corrective distributions | 2023-12-31 | $3,342 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $3,005,250 |
| Value of total assets at end of year | 2023-12-31 | $9,041,406 |
| Value of total assets at beginning of year | 2023-12-31 | $5,684,173 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $7,324 |
| Total interest from all sources | 2023-12-31 | $3,614 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $30,676 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $30,676 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,923,940 |
| Participant contributions at end of year | 2023-12-31 | $34,617 |
| Participant contributions at beginning of year | 2023-12-31 | $12,400 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $99,007 |
| Other income not declared elsewhere | 2023-12-31 | $78,128 |
| Administrative expenses (other) incurred | 2023-12-31 | $250 |
| Total non interest bearing cash at end of year | 2023-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2023-12-31 | $-77,059 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $3,357,233 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $9,041,406 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $5,684,173 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $8,944,731 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $5,748,644 |
| Interest on participant loans | 2023-12-31 | $3,164 |
| Interest earned on other investments | 2023-12-31 | $450 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $188 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $188 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $62,058 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $375,401 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $851,188 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $982,303 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $966,429 |
| Contract administrator fees | 2023-12-31 | $7,074 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-12-31 | Yes |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | MOSS ADAMS LLP |
| Accountancy firm EIN | 2023-12-31 | 910189318 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $4,344,257 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $987,024 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $966,429 |
| Expenses. Certain deemed distributions of participant loans | 2023-01-01 | $9,929 |
| Value of total corrective distributions | 2023-01-01 | $3,342 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $3,005,250 |
| Value of total assets at end of year | 2023-01-01 | $9,041,406 |
| Value of total assets at beginning of year | 2023-01-01 | $5,684,173 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $7,324 |
| Total interest from all sources | 2023-01-01 | $3,614 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $30,676 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $30,676 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $1,923,940 |
| Participant contributions at end of year | 2023-01-01 | $34,617 |
| Participant contributions at beginning of year | 2023-01-01 | $12,400 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $99,007 |
| Other income not declared elsewhere | 2023-01-01 | $78,128 |
| Administrative expenses (other) incurred | 2023-01-01 | $250 |
| Total non interest bearing cash at end of year | 2023-01-01 | $0 |
| Total non interest bearing cash at beginning of year | 2023-01-01 | $-77,059 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $3,357,233 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $9,041,406 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $5,684,173 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $8,944,731 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $5,748,644 |
| Interest on participant loans | 2023-01-01 | $3,164 |
| Interest earned on other investments | 2023-01-01 | $450 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-01-01 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $62,058 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $375,401 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $851,188 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $982,303 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $966,429 |
| Contract administrator fees | 2023-01-01 | $7,074 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-01-01 | Yes |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | MOSS ADAMS LLP |
| Accountancy firm EIN | 2023-01-01 | 910189318 |
| 2022 : KARAT 401(K) PLAN 2022 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $3,206,346 |
| Total of all expenses incurred | 2022-12-31 | $321,831 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $317,028 |
| Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $0 |
| Value of total corrective distributions | 2022-12-31 | $255 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,877,668 |
| Value of total assets at end of year | 2022-12-31 | $5,684,173 |
| Value of total assets at beginning of year | 2022-12-31 | $2,799,658 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $4,548 |
| Total interest from all sources | 2022-12-31 | $546 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $104,189 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $104,189 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $441,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Amount of non-exempt transactions with any party-in-interest | 2022-12-31 | $0 |
| Contributions received from participants | 2022-12-31 | $1,935,669 |
| Participant contributions at end of year | 2022-12-31 | $12,400 |
| Participant contributions at beginning of year | 2022-12-31 | $8,400 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $924,908 |
| Other income not declared elsewhere | 2022-12-31 | $-533 |
| Administrative expenses (other) incurred | 2022-12-31 | $1,126 |
| Total non interest bearing cash at end of year | 2022-12-31 | $-77,059 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $36,298 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $2,884,515 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $5,684,173 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,799,658 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $3,422 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $5,748,644 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $2,754,959 |
| Interest on participant loans | 2022-12-31 | $546 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $188 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $1 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $1 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-775,524 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $1,017,091 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $317,028 |
| Contract administrator fees | 2022-12-31 | $0 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | MOSS ADAMS LLP |
| Accountancy firm EIN | 2022-12-31 | 910189318 |
| Total transfers to/from plan in this plan year | 2022-05-24 | 0 |
| Total liabilities as of the end of the plan year | 2022-05-24 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-05-24 | 0 |
| Total expenses incurred by plan in this plan year | 2022-05-24 | 665835 |
| Net assets as of the end of the plan year | 2022-05-24 | 2763355 |
| Total assets as of the beginning of the plan year | 2022-05-24 | 2025483 |
| Value of plan covered by a fidelity bond | 2022-05-24 | 336000000 |
| Participant contributions to plan in this plan year | 2022-05-24 | 1013066 |
| Value of participant loans at end of plan year | 2022-05-24 | 8400 |
| Other expenses paid from plan in this plan year | 2022-05-24 | 0 |
| Other contributions to plan in this plan year | 2022-05-24 | 24733 |
| Other income to plan in this plan year | 2022-05-24 | 365908 |
| Plan net income in this plan year | 2022-05-24 | 737872 |
| Net assets as of the end of the plan year | 2022-05-24 | 2763355 |
| Net assets as of the beginning of the plan year | 2022-05-24 | 2025483 |
| Value of contributions failed to transmitted timely | 2022-05-24 | 0 |
| Employer contributions to plan in this plan year | 2022-05-24 | 0 |
| Fees paid to broker by Benefit Provider | 2022-05-24 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-05-24 | 847 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $3,206,346 |
| Total of all expenses incurred | 2022-01-01 | $321,831 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $317,028 |
| Expenses. Certain deemed distributions of participant loans | 2022-01-01 | $0 |
| Value of total corrective distributions | 2022-01-01 | $255 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $3,877,668 |
| Value of total assets at end of year | 2022-01-01 | $5,684,173 |
| Value of total assets at beginning of year | 2022-01-01 | $2,799,658 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $4,548 |
| Total interest from all sources | 2022-01-01 | $546 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $104,189 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $104,189 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $441,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Amount of non-exempt transactions with any party-in-interest | 2022-01-01 | $0 |
| Contributions received from participants | 2022-01-01 | $1,935,669 |
| Participant contributions at end of year | 2022-01-01 | $12,400 |
| Participant contributions at beginning of year | 2022-01-01 | $8,400 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $924,908 |
| Other income not declared elsewhere | 2022-01-01 | $-533 |
| Administrative expenses (other) incurred | 2022-01-01 | $1,126 |
| Total non interest bearing cash at end of year | 2022-01-01 | $-77,059 |
| Total non interest bearing cash at beginning of year | 2022-01-01 | $36,298 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $2,884,515 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $5,684,173 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $2,799,658 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Investment advisory and management fees | 2022-01-01 | $3,422 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $5,748,644 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $2,754,959 |
| Interest on participant loans | 2022-01-01 | $546 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-01-01 | $188 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-775,524 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $1,017,091 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $317,028 |
| Contract administrator fees | 2022-01-01 | $0 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | MOSS ADAMS LLP |
| Accountancy firm EIN | 2022-01-01 | 910189318 |
