Plan Ledger DOL Form 5500 · updated monthly

Kognitiv US LLC401(k)

KOGNITIV 401 (K) SAVINGS PLAN · · plan year 2023

Reported admin expense ratio · 2023
0.12%

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

Kognitiv US LLC reported $37,887 in plan administrative expenses for 2023: 0.12% of average plan assets, below the peer median. Employer contributions averaged $3,799 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 fell from 0.13% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 3,808th of 11,654 in professional & technical services. In 2023, employees put in $4.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,759,330
Participants with balances185
Active participants44
Employer contributions$167,173
Employee contributions$712,375
Employer contribution per active participant$3,799
Average account balance$182,483
Benefits paid to participants$3,719,692
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$33.8M · 185 accts · $167K emplr
2022$31.0M · 219 accts · $237K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$37,887
Total administrative$37,887
The Kognitiv US LLC 401(k) match · 2023
Employer contribution per active participant$3,799
Median for plans this size$2,440
2023$3,799 per active participant
2022$3,891 per active participant

Kognitiv US LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,887
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history2
2023$37,887 · 0.12%
2022$46,605 · 0.13%
Similar plansProfessional & Technical Services
Hueston Hennigan LLP CA$33.8M · 0.14%
Laird Connectivity, Inc. OH$33.8M · 0.27%
Collective Measures, Inc. MN$33.8M · 0.03%
Cse Americas Inc. TX$33.7M · 0.32%
Smtc Corporation FL$33.7M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820764765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.