Plan Ledger DOL Form 5500 · updated monthly

Knox McLaughlin Gornall & Sennett, P.C.401(k)

KNOX MCLAUGHLIN GORNALL & SENNETT, P.C. 401(K) PROFIT SHARING PLAN · ERIE, PA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Knox McLaughlin Gornall & Sennett, P.C. reported $92,500 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $10,191 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 1 year on file its reported administrative ratio rose from 0.19% to 0.24%. 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 921st-largest of 3,651 plans among Pennsylvania employers on file, and the 3,188th of 11,654 in professional & technical services. In 2024, the employer put in $1.62 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$41,894,407
Participants with balances118
Active participants87
Employer contributions$886,616
Employee contributions$548,981
Employer contribution per active participant$10,191
Average account balance$355,037
Benefits paid to participants$516,705
Plan auditUnmodified (clean) audit opinion
AuditorMCGILL, POWER,BELL& ASSSOCIATES,LLP
Plan history2
Yearassets · accounts · employer contribution
2024$41.9M · 118 accts · $887K emplr
2023$35.8M · 117 accts · $807K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,055
Investment management$74,445
Total administrative$92,500
The Knox McLaughlin Gornall & Sennett, P.C. 401(k) match · 2024
Employer contribution per active participant$10,191
Median for plans this size$2,416
2024$10,191 per active participant
2023$9,384 per active participant

Knox McLaughlin Gornall & Sennett, P.C.'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 · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$26,082
PNC ADVISORS · Investment management$40,625
HBK SORCE ADVISORY LLC · Investment advisory (participants)$25,793
CHARLES SCHWAB & CO., INC. · Securities brokerage$248

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history2
2024$92,500 · 0.24%
2023$62,081 · 0.19%
Similar plansProfessional & Technical Services · Pennsylvania
Rettew Associates, Inc. PA$43.3M · 0.37%
Novatech, L.L.C. PA$42.8M · 0.02%
Jm Search & Company, Inc. PA$40.7M · 0.20%
Magna Legal Services, LLC PA$40.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251215503 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.