Plan Ledger DOL Form 5500 · updated monthly

KNOWBE4, Inc.401(k)

KNOWBE4, INC. 401(K) PROFIT SHARING PLAN & TRUST · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

KNOWBE4, Inc. reported $36,130 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,688 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 3 years on file its reported administrative ratio has held roughly steady near 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 489th-largest of 3,644 plans among Florida employers on file, and the 468th of 2,199 in information & media. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$57,206,468
Participants with balances1,080
Active participants1,232
Employer contributions$3,312,067
Employee contributions$7,405,551
Employer contribution per active participant$2,688
Average account balance$52,969
Benefits paid to participants$4,168,341
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.2M · 1,080 accts · $3.3M emplr
2023$42.8M · 1,104 accts · $3.0M emplr
2022$27.7M · 1,008 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,930
Audit (IQPA)$8,500
Total administrative$36,130
The KNOWBE4, Inc. 401(k) match · 2024
Employer contribution per active participant$2,688
Median for plans this size$2,416
2024$2,688 per active participant
2023$2,362 per active participant
2022$2,309 per active participant

KNOWBE4, 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
ASSURANCE DIMENSIONS$8,500
UBS FINANCIAL SERVICES INC.indirect comp
RETIREMENT SOLUTIONS SPECIALISTS · Other servicesindirect comp

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$36,130 · 0.07%
2023$24,240 · 0.07%
2022$19,395 · 0.08%
Same employer
Similar plansInformation & Media · Florida
Satcom Direct, Inc. FL$78.1M · 0.08%
Cyxtera Management, Inc. FL$76.9M · 0.18%
Info Tech, Inc. FL$75.5M · 0.15%
Sangoma US Inc. FL$40.0M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364827930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.