Plan Ledger DOL Form 5500 · updated monthly

Knowesis, Inc.401(k)

KNOWESIS RETIREMENT PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Knowesis, Inc. reported $60,143 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $5,006 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 0.21% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,117th-largest of 2,266 plans among Virginia employers on file, and 6,250th of 11,654 in professional & technical services. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has shrunk from 180 to 161 since 2022.

Plan summary
Net assets, end of year$16,443,264
Participants with balances225
Active participants161
Employer contributions$806,043
Employee contributions$1,416,664
Employer contribution per active participant$5,006
Average account balance$73,081
Benefits paid to participants$2,766,951
Plan auditUnmodified (clean) audit opinion
AuditorTHOMPSON GREENSPON
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 225 accts · $806K emplr
2023$15.2M · 262 accts · $1.2M emplr
2022$11.5M · 240 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,143
Total administrative$60,143
The Knowesis, Inc. 401(k) match · 2024
Employer contribution per active participant$5,006
Median for plans this size$2,416
2024$5,006 per active participant
2023$5,979 per active participant
2022$8,045 per active participant

Knowesis, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$60,143
SIGNATURE ESTATE SECURITIES · Other servicesindirect comp
NEWPORT GROUP INC · 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$60,143 · 0.38%
2023$28,991 · 0.22%
2022$23,661 · 0.21%
Same employer
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Core One Solutions LLC VA$16.8M · 0.17%
Microhealth LLC VA$16.5M · 0.46%
TAKE2 Consulting, LLC VA$16.4M · 0.28%
Erickson Immigration Group VA$16.3M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300440588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.