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Department of Labor filing

KOREAN COMMUNITY SERVICES INC.

KOREAN AMERICAN CENTER 401K AND PROFIT SHARING PLAN · For the plan year ended Dec 31, 2023

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Public filing 2023 · received Oct 13, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

56filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support
$1,771

Reported employer contributions per active participant.

Higher than about 72% of comparable plans
#People in the filing
169

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$154 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 21% of comparable plans
↗Investment performance
Not available

Plan assets changed 69.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202356out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions72nd percentileTypical peer $1,171 · based on 832 comparable plans
Lower reported administrative expense21st percentileTypical peer $65 · based on 847 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, KOREAN COMMUNITY SERVICES INC. reported $299,357 in employer contributions across the plan and 169 active participants. That works out to $1,771 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy80%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 0.0%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 0.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context56/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$299,357
Participant contributions
$576,324
Other contributions
$1,152
Employer share of reported contributions
34.2%
Beginning assets
$1,609,511
Ending assets
$2,729,642
Ending net assets
$2,729,642
Ending liabilities
$0
Total income
$1,262,295
Total expenses
$142,164
Administrative expenses
$28,717
Participant loans
$4,958

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2023
$1,771
Plan-paid administrative expenses per participant
2023
$154
Active participants
2023
169
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2023$1,7711692.7M20241013091543NAL0050194386001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
0.2%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
475175147-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Jan 1, 2000
Industry
Health care and social assistance
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2F2G2J2K2S2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
ALLIANCEBERNSTEIN L.P.2023Not reportedunknown
ALPS DISTRIBUTORS, INC.2023Not reportedunknown
AMERICAN FUNDS DISTRIBUTORS, INC.2023Not reportedunknown
AMG, INC.2023Not reportedunknown
BLACKROCK INVESTMENTS, INC.2023Not reportedunknown
CHARLES SCHWAB & CO., INC.2023Not reportedunknown
DELAWARE INVESTMENTS2023Not reportedunknown
DIMENSIONAL FUND ADVISORS2023Not reportedunknown
FEDERATED SECURITIES CORP.2023Not reportedunknown
FIDELITY DISTRIBUTORS CORP.2023Not reportedunknown
FRANKLIN TEMPLETON DISTRIBUTORS, IN2023Not reportedunknown
HARTFORD INVESTMENT FINANCIAL SERVI2023Not reportedunknown
INVESCO2023Not reportedunknown
J.P. MORGAN INVESTMENT MANAGEMENT2023Not reportedunknown
JANUS DISTRIBUTORS, LLC2023Not reportedunknown
JOHN HANCOCK FUNDS, LLC2023Not reportedunknown
LEGG MASON INVESTOR SERVICES, LLC2023Not reportedunknown
MBSC SECURITIES CORPORATION, DISTRI2023Not reportedunknown
MFS FUND DISTRIBUTORS, INC.2023Not reportedunknown
NATIXIS DISTRIBUTORS, L.P.2023Not reportedunknown
PHOENIX - VIRTUS2023Not reportedunknown
PRINCIPAL FUNDS DISTRIBUTOR, INC.2023Not reportedunknown
PRUDENTIAL INVESTMENTS LLC2023Not reportedunknown
PUTNAM RETAIL MANAGEMENT2023Not reportedunknown
T. ROWE PRICE2023Not reportedunknown
VANGUARD2023Not reportedunknown

Current plan terms

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Filing ACK_ID20241013091543NAL0050194386001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗