Plan Ledger DOL Form 5500 · updated monthly

Knight Watch, Inc.401(k)

KNIGHT WATCH, INC. 401(K) PROFIT SHARING PLAN · KALAMAZOO, MI · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Knight Watch, Inc. reported $37,584 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $2,714 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 0.55% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Michigan (1,796th of 2,619), and 2,019th of 3,341 in other services. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 112 to 136 since 2022.

Plan summary
Net assets, end of year$6,998,196
Participants with balances131
Active participants136
Employer contributions$369,090
Employee contributions$621,080
Employer contribution per active participant$2,714
Average account balance$53,421
Benefits paid to participants$275,914
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 131 accts · $369K emplr
2023$5.5M · 134 accts · $342K emplr
2022$4.0M · 120 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,407
Investment management$33,177
Total administrative$37,584
The Knight Watch, Inc. 401(k) match · 2024
Employer contribution per active participant$2,714
Median for plans this size$1,313
2024$2,714 per active participant
2023$2,920 per active participant
2022$2,610 per active participant

Knight Watch, 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.

Service providers · 20241
GREENLEAF TRUST · Recordkeeping · Trustee$37,583

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

Recordkeeper by year2
2024GREENLEAF TRUST
2023GREENLEAF TRUST

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

Administrative cost history3
2024$37,584 · 0.60%
2023$27,336 · 0.58%
2022$21,731 · 0.55%
Same employer
Similar plansOther Services · Michigan
Thresholds, Inc. MI$7.5M · 0.01%
Burnips Equipment Company MI$7.3M · 0.77%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383210518 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.