Civic Intelligence

Michael Karas, Jr.

Plan context: Michael Karas, Jr. Age-Weighted Profit Sharing Plan

EIN 95-3008070 • Hermosa Beach, CA • 24 filings • 3 plans

2401 Pacific Coast HighwaySuite 201Hermosa Beach, CA 90254
Current Snapshot

Latest Year

2021

2021 Participants

2

2021 Assets

$926,284

2021 Contributions

$45,840

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$926,284$463,142$0200020112021YearValue
$926,284Latest year 2021

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

320199920102021YearValue
2Latest year 2021

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202112$926,284$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$926,284$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
202012$905,152$42,020$21,010iApproximate average salary by contribution assumption: employee only about $525,250 at 4% or $350,167 at 6%; with 50% employer match about $350,167 at 4% or $233,444 at 6%; with 100% employer match about $262,625 at 4% or $175,083 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$905,152$42,020$21,010iApproximate average salary by contribution assumption: employee only about $525,250 at 4% or $350,167 at 6%; with 50% employer match about $350,167 at 4% or $233,444 at 6%; with 100% employer match about $262,625 at 4% or $175,083 at 6%.
201912$848,866$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$848,866$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
201812$815,713$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$815,713$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
201712$785,213$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$785,213$45,840$22,920iApproximate average salary by contribution assumption: employee only about $573,000 at 4% or $382,000 at 6%; with 50% employer match about $382,000 at 4% or $254,667 at 6%; with 100% employer match about $286,500 at 4% or $191,000 at 6%.
201612$757,370$48,933$24,467iApproximate average salary by contribution assumption: employee only about $611,663 at 4% or $407,775 at 6%; with 50% employer match about $407,775 at 4% or $271,850 at 6%; with 100% employer match about $305,831 at 4% or $203,888 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$757,370$48,933$24,467iApproximate average salary by contribution assumption: employee only about $611,663 at 4% or $407,775 at 6%; with 50% employer match about $407,775 at 4% or $271,850 at 6%; with 100% employer match about $305,831 at 4% or $203,888 at 6%.
201512$727,186$46,908$23,454iApproximate average salary by contribution assumption: employee only about $586,350 at 4% or $390,900 at 6%; with 50% employer match about $390,900 at 4% or $260,600 at 6%; with 100% employer match about $293,175 at 4% or $195,450 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$727,186$46,908$23,454iApproximate average salary by contribution assumption: employee only about $586,350 at 4% or $390,900 at 6%; with 50% employer match about $390,900 at 4% or $260,600 at 6%; with 100% employer match about $293,175 at 4% or $195,450 at 6%.
201412$697,852$50,004$25,002iApproximate average salary by contribution assumption: employee only about $625,050 at 4% or $416,700 at 6%; with 50% employer match about $416,700 at 4% or $277,800 at 6%; with 100% employer match about $312,525 at 4% or $208,350 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$697,852$50,004$25,002iApproximate average salary by contribution assumption: employee only about $625,050 at 4% or $416,700 at 6%; with 50% employer match about $416,700 at 4% or $277,800 at 6%; with 100% employer match about $312,525 at 4% or $208,350 at 6%.
201312$663,945$48,003$24,002iApproximate average salary by contribution assumption: employee only about $600,038 at 4% or $400,025 at 6%; with 50% employer match about $400,025 at 4% or $266,683 at 6%; with 100% employer match about $300,019 at 4% or $200,013 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$663,945$48,003$24,002iApproximate average salary by contribution assumption: employee only about $600,038 at 4% or $400,025 at 6%; with 50% employer match about $400,025 at 4% or $266,683 at 6%; with 100% employer match about $300,019 at 4% or $200,013 at 6%.
201212$610,494$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$610,494$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
201112$545,147$45,500$22,750iApproximate average salary by contribution assumption: employee only about $568,750 at 4% or $379,167 at 6%; with 50% employer match about $379,167 at 4% or $252,778 at 6%; with 100% employer match about $284,375 at 4% or $189,583 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$545,147$45,500$22,750iApproximate average salary by contribution assumption: employee only about $568,750 at 4% or $379,167 at 6%; with 50% employer match about $379,167 at 4% or $252,778 at 6%; with 100% employer match about $284,375 at 4% or $189,583 at 6%.
201012$469,611$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$469,611$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
200922$876,178$84,000$42,000iApproximate average salary by contribution assumption: employee only about $1,050,000 at 4% or $700,000 at 6%; with 50% employer match about $700,000 at 4% or $466,667 at 6%; with 100% employer match about $525,000 at 4% or $350,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$455,589$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$420,589$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
200812$438,293$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$438,293$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
200712$0$0-
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2---
200612$430,322$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$430,322$42,000$21,000iApproximate average salary by contribution assumption: employee only about $525,000 at 4% or $350,000 at 6%; with 50% employer match about $350,000 at 4% or $233,333 at 6%; with 100% employer match about $262,500 at 4% or $175,000 at 6%.
200512$331,511$41,748$20,874iApproximate average salary by contribution assumption: employee only about $521,850 at 4% or $347,900 at 6%; with 50% employer match about $347,900 at 4% or $231,933 at 6%; with 100% employer match about $260,925 at 4% or $173,950 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$331,511$41,748$20,874iApproximate average salary by contribution assumption: employee only about $521,850 at 4% or $347,900 at 6%; with 50% employer match about $347,900 at 4% or $231,933 at 6%; with 100% employer match about $260,925 at 4% or $173,950 at 6%.
200412$276,317$39,984$19,992iApproximate average salary by contribution assumption: employee only about $499,800 at 4% or $333,200 at 6%; with 50% employer match about $333,200 at 4% or $222,133 at 6%; with 100% employer match about $249,900 at 4% or $166,600 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$276,317$39,984$19,992iApproximate average salary by contribution assumption: employee only about $499,800 at 4% or $333,200 at 6%; with 50% employer match about $333,200 at 4% or $222,133 at 6%; with 100% employer match about $249,900 at 4% or $166,600 at 6%.
200312$212,937$40,000$20,000iApproximate average salary by contribution assumption: employee only about $500,000 at 4% or $333,333 at 6%; with 50% employer match about $333,333 at 4% or $222,222 at 6%; with 100% employer match about $250,000 at 4% or $166,667 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$212,937$40,000$20,000iApproximate average salary by contribution assumption: employee only about $500,000 at 4% or $333,333 at 6%; with 50% employer match about $333,333 at 4% or $222,222 at 6%; with 100% employer match about $250,000 at 4% or $166,667 at 6%.
200212$150,010$37,874$18,937iApproximate average salary by contribution assumption: employee only about $473,425 at 4% or $315,617 at 6%; with 50% employer match about $315,617 at 4% or $210,411 at 6%; with 100% employer match about $236,713 at 4% or $157,808 at 6%.
Michael Karas, Jr. Age-Weighted Profit Sharing Plan-2$150,010$37,874$18,937iApproximate average salary by contribution assumption: employee only about $473,425 at 4% or $315,617 at 6%; with 50% employer match about $315,617 at 4% or $210,411 at 6%; with 100% employer match about $236,713 at 4% or $157,808 at 6%.
200112$120,751$20,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
Michael Karas, Jr. Insurance Profit Sharing Plan-2$120,751$20,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
200013$106,021$17,400$5,800iApproximate average salary by contribution assumption: employee only about $145,000 at 4% or $96,667 at 6%; with 50% employer match about $96,667 at 4% or $64,444 at 6%; with 100% employer match about $72,500 at 4% or $48,333 at 6%.
Michael Karas, Jr. Insurance Profit Sharing Plan-3$106,021$17,400$5,800iApproximate average salary by contribution assumption: employee only about $145,000 at 4% or $96,667 at 6%; with 50% employer match about $96,667 at 4% or $64,444 at 6%; with 100% employer match about $72,500 at 4% or $48,333 at 6%.
199913$0$17,400$5,800iApproximate average salary by contribution assumption: employee only about $145,000 at 4% or $96,667 at 6%; with 50% employer match about $96,667 at 4% or $64,444 at 6%; with 100% employer match about $72,500 at 4% or $48,333 at 6%.
Michael Karas, Jr. Insurance Profit Sharing Plan-3-$17,400$5,800iApproximate average salary by contribution assumption: employee only about $145,000 at 4% or $96,667 at 6%; with 50% employer match about $96,667 at 4% or $64,444 at 6%; with 100% employer match about $72,500 at 4% or $48,333 at 6%.