Plan Ledger DOL Form 5500 · updated monthly

Knife River Corporation401(k) + ESOP (KSOP)

KNIFE RIVER CORPORATION 401(K) RETIREMENT PLAN · BISMARCK, ND · plan year 2025

Reported admin expense ratio · 2025
0.11%

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

Knife River Corporation reported $990,024 in plan administrative expenses for 2025: 0.11% of average plan assets, above the peer median. Employer contributions averaged $4,591 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 0.05% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other construction employers. By assets it is the 4th-largest of 279 plans among North Dakota employers on file, and the 60th of 5,337 in construction. In 2025, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 5,233 to 6,377 since 2023.

Plan summary
Net assets, end of year$964,223,128
Participants with balances7,956
Active participants6,377
Employer contributions$29,278,160
Employee contributions$45,561,826
Employer contribution per active participant$4,591
Average account balance$121,194
Benefits paid to participants$92,457,299
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2025$964.2M · 7,956 accts · $29.3M emplr
2024$856.4M · 7,072 accts · $33.6M emplr
2023$741.2M · 6,838 accts · $28.6M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$646,496
Investment management$287,878
Audit (IQPA)$55,650
Total administrative$990,024
The Knife River Corporation 401(k) match · 2025
Employer contribution per active participant$4,591
Median for plans this size$4,295
2025$4,591 per active participant
2024$6,067 per active participant
2023$5,469 per active participant

Knife River Corporation's 2025 employer contribution ran above the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$646,496
EDELMAN FINANCIAL ENGINES, LLC · Investment advisory (participants)$209,896
WILSHIRE ADVISORS LLC · Investment advisory (plan)$77,982
GRANT THORNTON LLP · Accounting / audit$55,650

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

Recordkeeper by year3
2025Principal
2024Principal
2023Principal

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Administrative cost history3
2025$990,024 · 0.11%
2024$834,030 · 0.10%
2023$391,695 · 0.05%
Same employer
Similar plansConstruction · North Dakota
Gilbane Inc. RI$1.0B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921008893 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.