Knute Nelson401(k)
SAFE-HARBOR 403(B) THRIFT PLAN FOR EMPLOYEES OF KNUTE NELSON · ALEXANDRIA, MN · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Knute Nelson reported $3,626 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $922 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 0.01% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (988th of 1,918), and the 4,098th of 11,911 in health care & social assistance. In 2023, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 836 to 933 since 2022.
Knute Nelson's 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 411263433 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.