Plan Ledger DOL Form 5500 · updated monthly

Knox Associates, Inc.401(k)

THE KNOX COMPANY RETIREMENT SAVINGS PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Knox Associates, Inc. reported $61,839 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $4,049 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 0.35% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 354th-largest of 1,285 plans among Arizona employers on file, and the 5,722nd of 13,661 in manufacturing. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 156 to 195 since 2022.

Plan summary
Net assets, end of year$21,174,748
Participants with balances225
Active participants195
Employer contributions$789,526
Employee contributions$1,735,665
Employer contribution per active participant$4,049
Average account balance$94,110
Benefits paid to participants$767,148
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 225 accts · $790K emplr
2023$17.0M · 215 accts · $678K emplr
2022$13.8M · 193 accts · $625K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,362
Investment management$26,477
Total administrative$61,839
The Knox Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$4,049
Median for plans this size$2,416
2024$4,049 per active participant
2023$3,724 per active participant
2022$4,007 per active participant

Knox Associates, 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,362
ACCELERATE INVESTMENT ADVISORS LLC · Investment advisory (plan)$26,477

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$61,839 · 0.32%
2023$51,646 · 0.34%
2022$54,070 · 0.35%
Same employer
Similar plansManufacturing · Arizona
Cassavant Machining, Inc. AZ$22.5M · 0.54%
Bingham Equipment Company AZ$22.0M · 0.51%
Rockford Corporation AZ$21.9M · 0.08%
Head USA, Inc. AZ$19.7M · 0.26%
Southwest Microwave, Inc. AZ$18.4M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953617858 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.