SHK Management, Inc. 401(k) Review & Grade
Korman Communities 401(k) Plan
Plymouth Meeting, PAReal Estate & Rental974 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,364Employer $ per active participant
$3,376Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$49.3MNet plan assets, end of year
$87,373Average balance per account
Score breakdown
- Employer generosity26.9 / 5054th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 32th |
| Employee saving | 47th |
| Peers that auto-enroll | 47% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($110 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $19,720 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- SHK Management put in about $1,364 per active participant, more than the typical peer ($1,279). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,328,338 |
| Participant (employee) contributions | $3,288,638 |
| Other contributions (incl. rollovers in) | $1,063,421 |
| Administrative expenses paid from the plan | $175,384 |
| Investment advisory & management fees | $66,318 |
| Other admin expenses | $1,500 |
| Benefits paid out | $3,707,537 |
| Net assets, start / end of year | $41.8M / $49.3M |
| Active participants, start / end of year | 715 / 1,233 |
| Participants with account balances | 564 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $89,061 reported compensation |
| Summit Group Retirement Planners | $66,318 reported compensation |
| Kreischer Miller | $18,505 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006132940NAL0001889443001, received 2025-10-06, EIN 23-2827661, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.