Knape & Vogt Manufacturing Co401(k)
KNAPE & VOGT RETIREMENT SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2022
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Knape & Vogt Manufacturing Co reported $187,154 in plan administrative expenses for 2022: 0.45% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,331 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 has held roughly steady near 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 593rd-largest of 2,619 plans among Michigan employers on file, and the 3,580th of 13,661 in manufacturing. In 2022, employees put in $2.08 for every $1.00 the employer contributed.
Knape & Vogt Manufacturing Co's 2022 employer contribution ran below the $2,266 median for plans its size. 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 380722920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.