Koam Engineering Systems, Inc. Employee Stock Ownership Plan

Other · DOL Form 5500 · 2023

What the Filing Says About Koam Engineering Systems, Inc. Employee Stock Ownership Plan

Koam Engineering Systems, Inc. Employee Stock Ownership Plan is an Other retirement plan sponsored by Koam Engineering Systems, Inc., headquartered in California. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 165 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 330771394, and the plan has been effective since 2007-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets edged up modestly from $3M at the beginning of 2023 to $4M at year-end - up 4.0%. Net assets (after liabilities) closed the year at $4M, with reported net income of $135K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Koam Engineering Systems, Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $20M to $20M, a decline of 1.0%, while reported participants moved from 456 to 151 (-66.9%). The strongest year on file by total sponsor assets was 2023 at $23M; the softest was 2024 at $20M. Year-by-year, sponsor-wide filings show: 2022 - $20M in assets across 2 plans covering 456 participants; 2023 - $23M in assets across 2 plans covering 415 participants; 2024 - $20M in assets across 1 plan covering 151 participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Koam Engineering Systems, Inc. Employee Stock Ownership Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.