How big is Karat, Inc.'s plan?

Karat, Inc.'s plan reported $11.4M in assets and 89 participants for 2024.

Original filing (PDF)20251007104345NAL0002591555001

Karat, Inc.

Name: Karat, Inc. — Karat 401(k) Plan, Form 5500 (2024)
Creator: Karat, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Karat 401(k) Plan

401(k) retirement plan · Karat, Inc.'s Karat 401(k) Plan held $11.4M in plan assets for 89 participants in 2024, with Voya as recordkeeper.

Signals · 2

44% in single holdingCorrective distributions issued

Active participants

Accounts w/ balance

234

Plan assets (EOY)

$11.4M

Net assets (EOY)

$11.4M

People on this filing

John Nannenhorn signed Karat, Inc.'s 2024 Form 5500 as plan administrator.

John Nannenhorn — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Karat, Inc.'s EIN is 46-5602536.

EIN 46-5602536

Plan number 001

Plan year 2024

ACK ID 20251007104345NAL0002591555001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Karat, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Karat, Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

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How this plan invests

This plan

1 pooled trust

Schedule D

41 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).

Helping the score

Below-peer total plan cost (88th percentile).
High account-holder ratio — balance-holders per active participant in the top 15% of peers (98th percentile).

Plan sponsor

Name

KARAT, INC.

EIN

all filings

Address

1414 NE 42ND STREET · SEATTLE, WA · 98105

Phone

(509) 761-9141

Industry

All Other Professional Services· Professional & Technical Services

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-07

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
VOYA RETIREMENT INSURANCE & ANNUITY	71-0294708	—	SERVICE PROVIDER	$2K	—

Broker

Name	EIN	Location	Relation	Direct comp	Indirect comp
CIRA (CAMBRIDGE INVESTMENT RESEARCH	42-1445429	—	BROKER/DEALER	$0	—

Investments

41 direct securities · 1 pooled fund· $22.7M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.

Pooled Separate Account

$11.4M

1 holding

Pooled Separate Accounts

$11.3M

37 holdings

Common Stocks

$80K

2 holdings

Other securities

$8K

1 holding

Bonds / Notes

$8K

1 holding

					% of plan
VARIABLE ANNUITY ACCOUNT D VOYA RETIREMENT INSURANCE & ANNUITY CO · EIN 71-0294708 / PN 000	Pooled Separate Account	—	—	$11.4M	99.3%
Vangrd Tot St Mkt Indx Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$5.0M	44.1%
Vangrd Dev Mkts Index Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$1.6M	14.0%
Vangrd Tot Bd Mkt Ind Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$1.1M	9.7%
Vangrd Em Mkts Stk Ind Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$893K	7.8%
Vangrd Info Tech Indx Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$570K	5.0%
Vangrd 500 Index Fund Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$541K	4.7%
Vanguard Real Estate Indx Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$421K	3.7%
Vangrd Tot Int Bnd In F Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$354K	3.1%
Vangrd Growth Index Fund Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$184K	1.6%
Vangrd Tot Int Stk In F Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$94K	0.8%
Voya Fixed Account (4450) Ins Co General Account	Common Stocks	—	—	$74K	0.6%
Voya Index Solution 2055 P Z Pooled Separate Account	Pooled Separate Accounts	—	—	$65K	0.6%
Vangrd Sm-Cap Vl Index Fnd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$64K	0.6%
Vangrd Mid-Cap Index Fund Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$56K	0.5%
Vangrd Value Index Fund Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$54K	0.5%
Voya Index Solution 2040 P Z Pooled Separate Account	Pooled Separate Accounts	—	—	$36K	0.3%
Vangrd Strat SmCp Eqty Fd Inv Pooled Separate Account	Pooled Separate Accounts	—	—	$27K	0.2%
Vangrd Ext Mkt Index Fnd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$24K	0.2%
Vangrd Equity Income Fund Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$22K	0.2%
Voya Index Solution 2035 P Z Pooled Separate Account	Pooled Separate Accounts	—	—	$17K	0.1%
Voya Index Solution 2050 P Z Pooled Separate Account	Pooled Separate Accounts	—	—	$17K	0.1%
Vangrd Mid-Cap Vl Indx Fnd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$16K	0.1%
Vangrd ShtTrmInfProtSecIndAdm Pooled Separate Account	Pooled Separate Accounts	—	—	$15K	0.1%
Voya Index Solution 2065 P Z Pooled Separate Account	Pooled Separate Accounts	—	—	$13K	0.1%
Vangrd Financials Index Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$10K	<0.1%
Vangrd St-Trm Inv-Grd Fnd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$9K	<0.1%
maturing through March 2028	Other securities	—	—	$8K	<0.1%
LOAN FUND Participant Loans - Rates 4.25% to 9.50%	Bonds / Notes	—	—	$8K	<0.1%
Vangrd Tx-Mngd Sm Cp Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$7K	<0.1%
DFA Global Real Est Sec Pt Ins Pooled Separate Account	Pooled Separate Accounts	—	—	$7K	<0.1%
Vangrd Industrials Indx Fd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$6K	<0.1%
Vangrd Comm Srv Ind Fnd Adm Registered Investment Company	Common Stocks	—	—	$6K	<0.1%
Vanguard LT Treas Indx-Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$5K	<0.1%
American Funds Growth Fnd R6 Pooled Separate Account	Pooled Separate Accounts	—	—	$5K	<0.1%
DFA Intrm-Tm Extnd Qual Pt Ins Pooled Separate Account	Pooled Separate Accounts	—	—	$4K	<0.1%
Voya Gv Mny Mkt F A (Hld Acct) Pooled Separate Account	Pooled Separate Accounts	—	—	$4K	<0.1%
DFA Real Estate Secs Port Ins Pooled Separate Account	Pooled Separate Accounts	—	—	$4K	<0.1%
Vangrd Energy Index Fund Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$4K	<0.1%
Vangrd Utilities Ind Fnd Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$2K	<0.1%
Vangrd Infl-Prt Secs Fund Adm Pooled Separate Account	Pooled Separate Accounts	—	—	$2K	<0.1%
DFA Wld exUS Gov Fxd Inc P Ins Pooled Separate Account	Pooled Separate Accounts	—	—	$1K	<0.1%