401(k) · DOL Form 5500 · 2024

Karat, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
147
Participants Small participant base
59th
Percentile by assets National rank
$77,794
Avg per participant Below avg balance/head
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Official DOL plan name: Karat 401(k) Plan · Sponsored by Karat, Inc. · Washington · Professional & Technical Services

$11M in assets, 147 participants

Karat, Inc.'s Karat 401(k) Plan reported $11M in total assets and 147 participants in its 2024 DOL Form 5500 filing, ranking in the 59th 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.

  • #11,517 in Professional & Technical Services (20,173 peers)

Coverage in Washington

Karat 401(k) Plan covers 147 participants in Washington, about 10% of the average Washington filer (state average ~1,476 per filing). Assets: $11M.

#11,517
in Professional & Technical Services (20,173 peers)
+26.5%
assets growth YoY

Karat 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Karat 401(k) Plan vs every filed plan by assets

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

$11,435,699 Top 41% higher than 59% 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

Karat 401(k) 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. Karat 401(k) Plan sits mid-pack in the medium band (147 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Karat 401(k) Plan reported participants fell from 231 in the plan year 2023 filing to 147 in the plan year 2024 filing.
  • Karat 401(k) Plan reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Karat 401(k) Plan end-of-year assets rose from $9M in the plan year 2023 filing to $11M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 465602536 · Karat, Inc. PY 2024 · 401(k)

Karat 401(k) Plan · $11M · 147 · 59th

  • ASSETS $11M
  • PCT 147
  • EIN 59th
  • RANK 401(k)
  • PHOTO near Gilchrist Construction Company LLC 401(k) Profit Sharing Plan
  • IND ind #11517

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 Professional & Technical Services retirement plans → · Plans in Washington →

Karat 401(k) Plan in the asset neighbourhood

Karat 401(k) Plan$11MGilchrist Construction Company LLC 401(k) Profit Sharing PlanGilchrist Construction Compa…$11MBcom Retirement Plan$11MFms Secure Solutions, L.L.C 401(k) Profit Sharing Plan & TrustFms Secure Solutions, L.L.C …$11MW.T. Humphrey, Inc. 401(k) Profit Sharing PlanW.T. Humphrey, Inc. 401(k) P…$11M
End-of-year total assets ($M) among Karat 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Washington filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN465602536
Plan Effective Date2018-07-23
Filing StatusFILING RECEIVED

Sponsor Plan History (Karat, Inc.)

Sponsor-wide plan assets over time

All Karat, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 101.18492171156647% vs 2022
2024 filing year
$4M$6M$8M$10M$12M$14M 202220232024 $5.68M $11.4M ▲ +101.4%
Year Plans Participants Total Assets
2022 1 158 $6M
2023 1 231 $9M
2024 1 147 $11M

Nearby 401(k) Plans in Washington

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

Karat 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -500000050000010000001500000 -20020406080 Total assets ($B) Participants Karat 401(k) Plan, Total assets ($B): 0.011435699 · Participants: 147Karat 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 73.910477714 · Participants: 139394The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 65.646011638 · Participants: 118818Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 41.017392708 · Participants: 202468Costco 401(k) Retirement PlanAmazon 401(k) Plan, Total assets ($B): 34.593744657 · Participants: 1209303Amazon 401(k) Plan401(k) Savings Plan, Total assets ($B): 10.074085187 · Participants: 86668401(k) Savings Plan
Karat 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare Karat 401(k) Plan side-by-side with 3 peers →

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

Outside Washington, the nearest 401(k) by assets is Gilchrist Construction Company LLC 401(k) Profit Sharing Plan in LA ($11M); by covered participants it is Sabinal Administrative Services, LLC 401(k) Plan in TX (147 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (147 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 Karat 401(k) Plan assets move in 2024? ▼
Karat 401(k) Plan grew sharply - up 26.5% during 2024, from $9M to $11M. Reported net income was $2M.
How have Karat, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Karat, Inc.'s sponsor-wide assets grew 101.2%, from $6M to $11M.
Which 401(k) plans are similar in size to Karat 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gilchrist Construction Company LLC 401(k) Profit Sharing Plan in LA ($11M, 225 participants).
Which 401(k) plans cover a similar participant headcount to Karat 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sabinal Administrative Services, LLC 401(k) Plan in TX (147 participants, $15M 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 465602536.

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.