Plan Ledger DOL Form 5500 · updated monthly

Knowlan's Super Markets, Inc.401(k)

KNOWLAN'S SUPER MARKETS, INC. 401(K) RETIREMENT SAVINGS PLAN · VADNAIS HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Knowlan's Super Markets, Inc. reported $2,070 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $187 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 fell from 0.05% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 807th-largest of 1,918 plans among Minnesota employers on file, and the 1,274th of 5,215 in retail trade. In 2024, employees put in $6.17 for every $1.00 the employer contributed; active participation has grown from 402 to 443 since 2022.

Plan summary
Net assets, end of year$23,664,808
Participants with balances160
Active participants443
Employer contributions$82,642
Employee contributions$509,776
Employer contribution per active participant$187
Average account balance$147,905
Benefits paid to participants$2,128,544
Plan auditUnmodified (clean) audit opinion
AuditorFROEHLING ANDERSON
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 160 accts · $83K emplr
2023$22.1M · 164 accts · $91K emplr
2022$18.9M · 163 accts · $86K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,070
Total administrative$2,070
The Knowlan's Super Markets, Inc. 401(k) match · 2024
Employer contribution per active participant$187
Median for plans this size$2,416
2024$187 per active participant
2023$203 per active participant
2022$215 per active participant

Knowlan's Super Markets, Inc.'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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$54,102

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Knowlan's Super Markets, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,070 · 0.01%
2023$8,300 · 0.04%
2022$9,630 · 0.05%
Similar plansRetail Trade · Minnesota
Ams Holdings, LLC MN$25.6M · 0.29%
Lueken's Food Stores, Inc. MN$23.9M · 0.01%
Buerkle Company MN$23.8M · 0.23%
Kowalski Companies, Inc. MN$19.9M · 0.01%
Schuler Shoes, Inc. MN$18.8M · 0.57%
Innovative Office Solutions MN$18.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410758975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.