ESOP · DOL Form 5500 · 2024

Karmak, Inc. ESOP

Data updated 2026-08-25

$17M
Total assets Small plan by assets
196
Participants Below avg headcount
66th
Percentile by assets National rank
$84,195
Avg per participant Below avg balance/head
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Official DOL plan name: Karmak, Inc. Employee Stock Ownership Plan · Sponsored by Karmak, Inc. · Illinois · Professional & Technical Services

$17M in assets, 196 participants

Karmak, Inc.'s Karmak, Inc. Employee Stock Ownership Plan reported $17M in total assets and 196 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #13,214 in Professional & Technical Services (20,173 peers)

Coverage in Illinois

Karmak, Inc. Employee Stock Ownership Plan covers 196 participants in Illinois, about 25% of the average Illinois filer (state average ~779 per filing). Assets: $17M.

#13,214
in Professional & Technical Services (20,173 peers)
+41.0%
assets growth YoY

Karmak, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Karmak, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$16,502,184 Top 34% higher than 66% of 123,620 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 2024

Karmak, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Karmak, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (196 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Karmak, Inc. Employee Stock Ownership Plan end-of-year assets rose from $12M in the plan year 2023 filing to $17M in the plan year 2024 filing.
  • Karmak, Inc. Employee Stock Ownership Plan reported net income rose from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Karmak, Inc. Employee Stock Ownership Plan reported participants rose from 187 in the plan year 2023 filing to 196 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 371112601 · Karmak, Inc. PY 2024 · ESOP

Karmak, Inc. Employee Stock Ownership Plan · $17M · 196 · 66th

  • BOOK $17M
  • BOOK 196
  • BOOK 66th
  • BOOK ESOP
  • BOOK near Ensafe Inc. Employee Stock Ownership Plan
  • BOOK ind #13214

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 What is an ESOP? → · Plans in Illinois →

Karmak, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Heartland Security Insurance Group ESOP PlanHeartland Security Insurance…$17MKarmak, Inc. Employee Stock Ownership PlanKarmak, Inc. Employee Stock …$17MEnsafe Inc. Employee Stock Ownership PlanEnsafe Inc. Employee Stock O…$17MNiblock Excavating, Inc. Employee Stock Ownership PlanNiblock Excavating, Inc. Emp…$17MAmerican Vision Windows, Inc. ESOPAmerican Vision Windows, Inc…$16M
End-of-year total assets ($M) among Karmak, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$12M
Net Income$5M
Employer EIN371112601
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Karmak, Inc.)

Sponsor-wide plan assets over time

All Karmak, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$44M 49.98969934763438% vs 2022
2024 filing year
$25M$30M$35M$40M$45M$50M 202220232024 $29.5M $44.3M ▲ +50.0%
Year Plans Participants Total Assets
2022 2 430 $30M
2023 2 407 $36M
2024 2 424 $44M

Nearby ESOP Plans in Illinois

Peer ESOP plans, same state, same plan type, ranked by total assets.

Karmak, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -101234 Total assets ($B) Participants Karmak, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.016502184 · Participants: 196Karmak, Inc. Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 3.699095694 · Participants: 4909Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 2.165348047 · Participants: 4815Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.429776889 · Participants: 491Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 1.0622005 · Participants: 9258Bdo USA Employee Stock Ownership PlanShorr Paper Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.430213996 · Participants: 543Shorr Paper Products, Inc. Employee Stock Ownership Plan
Karmak, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare Karmak, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Karmak, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Ensafe Inc. Employee Stock Ownership Plan in TN ($17M); by covered participants it is Bankprov Employee Stock Ownership Plan in MA (196 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (196 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Karmak, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Karmak, Inc. Employee Stock Ownership Plan surged - up 41.0% during 2024, from $12M to $17M. Reported net income was $5M.
How have Karmak, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Karmak, Inc.'s sponsor-wide assets grew 50.0%, from $30M to $44M.
Which ESOP plans are similar in size to Karmak, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ensafe Inc. Employee Stock Ownership Plan in TN ($17M, 319 participants).
Which ESOP plans cover a similar participant headcount to Karmak, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Bankprov Employee Stock Ownership Plan in MA (196 participants, $16M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 371112601.

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.