How much does Karl's, Inc. contribute to its ESOP?

In 2024, employer contributions to the Karl's, Inc. plan averaged $3,159 per active participant, above the $2,416 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Karl's, Inc. 401(k)?

The average participant account balance was $67,789 for plan year 2024, based on 357 accounts.

Karl's, Inc.ESOP

Name: Karl's, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

KARL'S INC EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · GREGORY, SD · plan year 2024

Employer contribution per participant · 2024

$3,159

Karl's, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $24,200,811 across 357 participant accounts, with employer contributions averaging $3,159 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 76th-largest of 233 plans among South Dakota employers on file, and the 1,234th of 5,215 in retail trade. active participation has grown from 211 to 380 since 2022.

Plan summary
Net assets, end of year$24,200,811
Participants with balances357
Active participants380
Employer contributions$1,200,533
Employee contributions—
Employer contribution per active participant$3,159
Average account balance$67,789
Benefits paid to participants$1,290,693
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY, LLP

Plan history3

Yearassets · accounts · employer contribution

2024$24.2M · 357 accts · $1.2M emplr

2023$19.4M · 339 accts · $1.5M emplr

2022$15.2M · 238 accts · $1.1M emplr

Employer contributions to the Karl's, Inc. plan · 2024

Employer contribution per active participant$3,159

Median for plans this size$2,416

2024$3,159 per active participant

2023$5,256 per active participant

2022$5,089 per active participant

Karl's, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Recordkeeper by year2

2024OneAmerica

2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3

2024Not separately reported

2023$1,620 · 0.01%

2022Not separately reported

All plans at this employer2

KARL'S INC EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP

KARL'S, INC. 401(K) PLAN401(k)

Same employer

Karl's, Inc.'s health & benefits plan: carriers, premiums & broker pay

Similar plansRetail Trade · South Dakota
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Sterling Computers Corporation SD$28.8M · 0.37%
T Graham Companies SD$19.6M · 0.06%
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Source: U.S. Department of Labor, Form 5500 series, EIN 460307274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.