Plan Ledger DOL Form 5500 · updated monthly

Knapp Inc.401(k)

KNAPP INC. 401(K) PROFIT SHARING PLAN · KENNESAW, GA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Knapp Inc. reported $200,086 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,964 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 2 years on file its reported administrative ratio rose from 0.58% to 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 609th-largest of 2,160 plans among Georgia employers on file, and the 1,372nd of 5,337 in construction. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 582 to 975 since 2022.

Plan summary
Net assets, end of year$35,145,798
Participants with balances739
Active participants975
Employer contributions$2,890,174
Employee contributions$4,391,883
Employer contribution per active participant$2,964
Average account balance$47,559
Benefits paid to participants$3,410,974
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.1M · 739 accts · $2.9M emplr
2023$26.0M · 662 accts · $2.2M emplr
2022$17.6M · 467 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,518
Investment management$161,568
Total administrative$200,086
The Knapp Inc. 401(k) match · 2024
Employer contribution per active participant$2,964
Median for plans this size$2,416
2024$2,964 per active participant
2023$4,625 per active participant
2022$2,822 per active participant

Knapp Inc.'s 2024 employer contribution ran above the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$52,918
NFP RETIREMENT INC · Investment advisory (plan)$52,054

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

Administrative cost history3
2024$200,086 · 0.65%
2023$159,781 · 0.73%
2022$102,815 · 0.58%
Same employer
Similar plansConstruction · Georgia
Cleveland Group, Inc. GA$39.5M · 0.00%
H.J. Russell & Company GA$36.0M · 0.25%
Real Floors, Inc. GA$34.6M · 0.36%
Empire Homes US Corp GA$29.9M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582365257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.