Plan Ledger DOL Form 5500 · updated monthly

Knight Ergonomics, LTD.401(k)

KNIGHT INDUSTRIES & ASSOCIATES, INC. 401(K) PLAN · AUBURN HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Knight Ergonomics, LTD. reported $119,862 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 0.26% to 0.73%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,113th-largest of 2,619 plans among Michigan employers on file, and the 6,339th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$18,016,272
Participants with balances187
Active participants258
Employer contributions$0
Employee contributions$1,085,244
Employer contribution per active participant$0
Average account balance$96,344
Benefits paid to participants$697,241
Plan auditUnmodified (clean) audit opinion
AuditorFENNER, MELSTROM & DOOLING PLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 187 accts
2023$14.7M · 185 accts
2022$12.2M · 178 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,250
Total administrative$119,862
The Knight Ergonomics, LTD. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Knight Ergonomics, LTD.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,184
GREAT LAKES PENSION ASSOCIATES, INC · Loan processing$1,250

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$119,862 · 0.73%
2023$68,580 · 0.51%
2022$34,236 · 0.26%
Same employer
Similar plansManufacturing · Michigan
Wirtz Holding Company, Inc. MI$18.1M · 0.53%
Roberts Sinto Corporation MI$18.0M · 0.29%
Hatch Stamping Company MI$18.0M · 0.53%
Ionbond LLC MI$17.9M · 0.37%
Jost International Corp. MI$17.9M · 0.37%
BAE Industries, Inc MI$17.8M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383094978 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.