Kongsberg Automotive Inc401(k)
KONGSBERG AUTOMOTIVE, INC. 401(K) PLAN · NOVI, MI · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Kongsberg Automotive Inc reported $74,947 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $1,359 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 0.27% to 0.17%. 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 568th-largest of 2,619 plans among Michigan employers on file, and the 3,399th of 13,661 in manufacturing. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 460 to 535 since 2022.
Kongsberg Automotive Inc's 2024 employer contribution ran below 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.
Annual cost at the plan's reported 2024 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 382913508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.