Plan Ledger DOL Form 5500 · updated monthly

John S. and James L. Knight Foundation403(b)

KNIGHT FOUNDATION SECTION 403(B) PLAN · MIAMI, FL · plan year 2025

Reported admin expense ratio · 2025
0.04%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

John S. and James L. Knight Foundation reported $10,463 in plan administrative expenses for 2025: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,234 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.06% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other other services employers. By assets it is the 913th-largest of 3,644 plans among Florida employers on file, and the 833rd of 3,341 in other services. In 2025, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,010,943
Participants with balances153
Active participants65
Employer contributions$405,198
Employee contributions$866,535
Employer contribution per active participant$6,234
Average account balance$170,006
Benefits paid to participants$1,308,061
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history4
Yearassets · accounts · employer contribution
2025$26.0M · 153 accts · $405K emplr
2024$22.3M · 140 accts · $385K emplr
2023$19.3M · 143 accts · $362K emplr
2022$16.1M · 142 accts · $343K emplr
Employer contributions to the John S. and James L. Knight Foundation plan · 2025
Employer contribution per active participant$6,234
Median for plans this size$2,666
2025$6,234 per active participant
2024$6,530 per active participant
2023$6,039 per active participant
2022$5,618 per active participant

John S. and James L. Knight Foundation's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
THE VANGUARD GROUP, INC. · Recordkeeping · Custodial (securities)$10,738

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$10,463 · 0.04%
2024$10,189 · 0.05%
2023$10,363 · 0.06%
2022$10,423 · 0.06%
Similar plansOther Services · Florida
Amikids, Inc. FL$26.8M · 0.44%
Benihana National Corp. FL$26.8M · 1.47%
Softserve, Inc. FL$25.9M · 0.41%
Sma Healthcare, Inc. FL$25.6M · 0.29%
Reimagined Parking, Inc FL$24.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650464177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.