Plan Ledger DOL Form 5500 · updated monthly

Knight Federal Solutions, Inc.401(k)

KNIGHT FEDERAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Knight Federal Solutions, Inc. reported $22,284 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $2,365 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 0.23% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,331st of 3,644), and 9,412th of 11,654 in professional & technical services. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has grown from 148 to 175 since 2022.

Plan summary
Net assets, end of year$5,959,958
Participants with balances245
Active participants175
Employer contributions$413,865
Employee contributions$984,251
Employer contribution per active participant$2,365
Average account balance$24,326
Benefits paid to participants$640,169
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 245 accts · $414K emplr
2023$4.4M · 204 accts · $352K emplr
2022$2.9M · 184 accts · $313K emplr
The Knight Federal Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$2,365
Median for plans this size$1,313
2024$2,365 per active participant
2023$2,287 per active participant
2022$2,117 per active participant

Knight Federal Solutions, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$22,284 · 0.43%
2023$25,780 · 0.71%
2022$6,231 · 0.23%
Same employer
Similar plansProfessional & Technical Services · Florida
Adacel Systems Inc. FL$6.1M · 0.64%
Payspan Inc. FL$6.1M · 0.58%
Amtis, Inc. FL$6.0M · 0.98%
Blackfish Federal, LLC FL$6.0M · 0.98%
Certipay, Inc. FL$5.9M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474884431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.