401(k) · DOL Form 5500 · 2023

Shk Management, Inc. 401(k) Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
698
Participants Below avg headcount
84th
Percentile by assets National rank
$59,894
Avg per participant Low balance/head
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Official DOL plan name: Korman Communities 401(k) Plan · Sponsored by Shk Management, Inc. · Pennsylvania · Real Estate

$42M in assets, 698 participants

Shk Management, Inc.'s Korman Communities 401(k) Plan reported $42M in total assets and 698 participants in its 2023 DOL Form 5500 filing, ranking in the 84th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,411 in Real Estate (4,727 peers)

Where Korman Communities 401(k) Plan sits by assets

Korman Communities 401(k) Plan sits in the top quartile of all filed plans by assets, $42M for 698 participants (~$59,894/participant), up 19.6% in 2023.

#4,411
in Real Estate (4,727 peers)
+19.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Korman Communities 401(k) Plan's outsized position by total assets

Korman Communities 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$41,806,104 Top 16% higher than 84% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Korman Communities 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Korman Communities 401(k) Plan sits mid-pack in the medium band (698 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Korman Communities 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Korman Communities 401(k) Plan reported participants rose from 485 in the plan year 2022 filing to 698 in the plan year 2023 filing.
  • Korman Communities 401(k) Plan end-of-year assets rose from $35M in the plan year 2022 filing to $42M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 232827661 · Shk Management, Inc. PY 2023 · 401(k)

Korman Communities 401(k) Plan · $42M · 698 · 84th

  • BOY $42M
  • BOY 698
  • BOY 84th
  • BOY 401(k)
  • BOY near Hy-Line International 401(k) Employee Retirement and Savings Plan
  • BOY ind #4411

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Real Estate retirement plans → · Plans in Pennsylvania →

Korman Communities 401(k) Plan in the asset neighbourhood

Korman Communities 401(k) PlanKorman Communities 401(k) Pl…$42MHy-Line International 401(k) Employee Retirement and Savings PlanHy-Line International 401(k)…$42MEncoura Profit Sharing/401(k) PlanEncoura Profit Sharing/401(k…$42MAmerican Electronic Warfare Associates, Inc. 401(k) Profit Sharing PlanAmerican Electronic Warfare …$42MLeatherman Tool Group 401(k) Retirement PlanLeatherman Tool Group 401(k)…$42M
End-of-year total assets ($M) among Korman Communities 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$42M
Net Income$7M
Employer EIN232827661
Plan Effective Date1996-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shk Management, Inc.)

Sponsor-wide plan assets over time

All Shk Management, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$49M 41.01611494991169% vs 2022
2024 filing year
$30M$35M$40M$45M$50M$55M 202220232024 $35M $49.3M ▲ +41.0%
Year Plans Participants Total Assets
2022 1 485 $35M
2023 1 698 $42M
2024 1 715 $49M

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Korman Communities 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -505101520 Total assets ($B) Participants Korman Communities 401(k) Plan, Total assets ($B): 0.041806104 · Participants: 698Korman Communities 401(k) PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The Bank of New York Mellon Corporation 401(k) Savings Plan
Korman Communities 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Korman Communities 401(k) Plan side-by-side with 3 peers →

Korman Communities 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Hy-Line International 401(k) Employee Retirement and Savings Plan in IA ($42M); by covered participants it is Premier Transportation Employee Retirement Savings 401(k) Plan in GA (698 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (698 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Korman Communities 401(k) Plan assets move in 2023? ▼
Korman Communities 401(k) Plan grew sharply - up 19.6% during 2023, from $35M to $42M. Reported net income was $7M.
How have Shk Management, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shk Management, Inc.'s sponsor-wide assets grew 41.0%, from $35M to $49M.
Where does Korman Communities 401(k) Plan rank by assets among Form 5500 filers? ▼
Korman Communities 401(k) Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Korman Communities 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hy-Line International 401(k) Employee Retirement and Savings Plan in IA ($42M, 722 participants).
Which 401(k) plans cover a similar participant headcount to Korman Communities 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Premier Transportation Employee Retirement Savings 401(k) Plan in GA (698 participants, $10M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232827661.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.