Konekt401(k)
KONEKT 401(K) PLAN · CHICAGO, IL · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Konekt reported $4,235 in plan administrative expenses for 2023: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 rose from 0.09% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Illinois (3,077th of 3,702), and 10,141st of 11,654 in professional & technical services. active participation has shrunk from 104 to 66 since 2022.
Konekt's 2023 employer contribution ran below the $1,308 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 463913628 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.