401k Plan data: KARMA RISING, INC. 401K PROFIT SHARING PLAN plan

KARMA RISING, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	KARMA RISING, INC. 401K PROFIT SHARING PLAN
Plan identification number	001

KARMA RISING, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

KARMA RISING, INC. has sponsored the creation of one or more 401k plans.

Company Name: KARMA RISING, INC.

Employer identification number (EIN): 822785970

NAIC Classification: 812910
NAIC Description: Pet Care (except Veterinary) Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KARMA RISING, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 JULIE BROWN
001 2017-09-15 JULIE BROWN

Plan Statistics for KARMA RISING, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for KARMA RISING, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2023: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 11
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 4
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 5
Total of all active and inactive participants 2023-01-01 9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 9
Number of participants with account balances 2023-01-01 9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 7
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 4
Total of all active and inactive participants 2022-01-01 11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 11
Number of participants with account balances 2022-01-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 5
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 2
Total of all active and inactive participants 2021-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 7
Number of participants with account balances 2021-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 4
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 1
Total of all active and inactive participants 2020-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 5
Number of participants with account balances 2020-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 2
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 2
Number of participants with account balances 2019-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 1
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 1
Number of participants with account balances 2018-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-09-15 1
Total number of active participants reported on line 7a of the Form 5500 2017-09-15 1
Number of retired or separated participants receiving benefits 2017-09-15 0
Number of other retired or separated participants entitled to future benefits 2017-09-15 0
Total of all active and inactive participants 2017-09-15 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-09-15 0
Total participants 2017-09-15 1
Number of participants with account balances 2017-09-15 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-09-15 0

Measure	Date	Value
2023: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	11
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	4
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	5
Total of all active and inactive participants	2023-01-01	9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	9
Number of participants with account balances	2023-01-01	9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	7
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	4
Total of all active and inactive participants	2022-01-01	11
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	11
Number of participants with account balances	2022-01-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	5
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	2
Total of all active and inactive participants	2021-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	7
Number of participants with account balances	2021-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	4
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	1
Total of all active and inactive participants	2020-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	5
Number of participants with account balances	2020-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	2
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	2
Number of participants with account balances	2019-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	1
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	1
Number of participants with account balances	2018-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-09-15	1
Total number of active participants reported on line 7a of the Form 5500	2017-09-15	1
Number of retired or separated participants receiving benefits	2017-09-15	0
Number of other retired or separated participants entitled to future benefits	2017-09-15	0
Total of all active and inactive participants	2017-09-15	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-09-15	0
Total participants	2017-09-15	1
Number of participants with account balances	2017-09-15	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-09-15	0

Financial Data on KARMA RISING, INC. 401K PROFIT SHARING PLAN

Measure	Date	Value
2023 : KARMA RISING, INC. 401K PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$35,640
Expenses. Total of all expenses incurred	2023-12-31	$6,278
Benefits paid (including direct rollovers)	2023-12-31	$6,278
Total plan assets at end of year	2023-12-31	$147,698
Total plan assets at beginning of year	2023-12-31	$118,336
Total contributions received or receivable from participants	2023-12-31	$5,844
Other income received	2023-12-31	$29,796
Net income (gross income less expenses)	2023-12-31	$29,362
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$147,698
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$118,336
Assets. Value of employer securities	2023-12-31	$130,757
2022 : KARMA RISING, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-6,039
Expenses. Total of all expenses incurred	2022-12-31	$1,333
Benefits paid (including direct rollovers)	2022-12-31	$1,333
Total plan assets at end of year	2022-12-31	$118,336
Total plan assets at beginning of year	2022-12-31	$125,708
Total contributions received or receivable from participants	2022-12-31	$9,238
Other income received	2022-12-31	$-15,277
Net income (gross income less expenses)	2022-12-31	$-7,372
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$118,336
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$125,708
Assets. Value of employer securities	2022-12-31	$101,141
2021 : KARMA RISING, INC. 401K PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$17,142
Expenses. Total of all expenses incurred	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$125,708
Total plan assets at beginning of year	2021-12-31	$108,566
Total contributions received or receivable from participants	2021-12-31	$5,405
Other income received	2021-12-31	$11,737
Net income (gross income less expenses)	2021-12-31	$17,142
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$125,708
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$108,566
Assets. Value of employer securities	2021-12-31	$116,450
2020 : KARMA RISING, INC. 401K PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$-39,571
Expenses. Total of all expenses incurred	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$108,566
Total plan assets at beginning of year	2020-12-31	$148,137
Total contributions received or receivable from participants	2020-12-31	$2,915
Other income received	2020-12-31	$-42,486
Net income (gross income less expenses)	2020-12-31	$-39,571
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$108,566
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$148,137
Assets. Value of employer securities	2020-12-31	$104,714
2019 : KARMA RISING, INC. 401K PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$-5,438
Expenses. Total of all expenses incurred	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$148,137
Total plan assets at beginning of year	2019-12-31	$153,575
Total contributions received or receivable from participants	2019-12-31	$601
Contributions received from other sources (not participants or employers)	2019-12-31	$100,000
Other income received	2019-12-31	$-106,039
Net income (gross income less expenses)	2019-12-31	$-5,438
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$148,137
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$153,575
Assets. Value of employer securities	2019-12-31	$147,200
2018 : KARMA RISING, INC. 401K PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$-296,546
Expenses. Total of all expenses incurred	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$153,575
Total plan assets at beginning of year	2018-12-31	$450,121
Total contributions received or receivable from participants	2018-12-31	$219
Other income received	2018-12-31	$-296,765
Net income (gross income less expenses)	2018-12-31	$-296,546
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$153,575
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$450,121
Assets. Value of employer securities	2018-12-31	$153,235
2017 : KARMA RISING, INC. 401K PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$450,121
Expenses. Total of all expenses incurred	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$450,121
Total plan assets at beginning of year	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$450,111
Other income received	2017-12-31	$10
Net income (gross income less expenses)	2017-12-31	$450,121
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$450,121
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$0
Assets. Value of employer securities	2017-12-31	$450,000

Form 5500 Responses for KARMA RISING, INC. 401K PROFIT SHARING PLAN

2023: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: KARMA RISING, INC. 401K PROFIT SHARING PLAN 2017 form 5500 responses
2017-09-15	Type of plan entity	Single employer plan
2017-09-15	First time form 5500 has been submitted	Yes
2017-09-15	Submission has been amended	No
2017-09-15	This submission is the final filing	No
2017-09-15	This return/report is a short plan year return/report (less than 12 months)	Yes
2017-09-15	Plan is a collectively bargained plan	No
2017-09-15	Plan funding arrangement – Trust	Yes
2017-09-15	Plan benefit arrangement - Trust	Yes

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Company Name:	KARMA RISING, INC.
Employer identification number (EIN):	822785970
NAIC Classification:	812910
NAIC Description:	Pet Care (except Veterinary) Services