Plan Ledger DOL Form 5500 · updated monthly

Kornit Digital North America, In401(k)

KORNIT DIGITAL NORTH AMERICA INC 401K PROFIT SHARING PLAN · ENGLEWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Kornit Digital North America, In reported $71,218 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,922 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 2 years on file its reported administrative ratio fell from 0.82% to 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New Jersey (1,430th of 2,419), and 2,723rd of 4,246 in wholesale trade. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 140 to 110 since 2022.

Plan summary
Net assets, end of year$11,578,785
Participants with balances187
Active participants110
Employer contributions$541,416
Employee contributions$1,048,372
Employer contribution per active participant$4,922
Average account balance$61,919
Benefits paid to participants$1,319,866
Plan auditUnmodified (clean) audit opinion
AuditorADEPTUS PARTNERS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 187 accts · $541K emplr
2023$9.4M · 208 accts · $592K emplr
2022$7.1M · 207 accts · $706K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,876
Investment management$42,342
Total administrative$71,218
The Kornit Digital North America, In 401(k) match · 2024
Employer contribution per active participant$4,922
Median for plans this size$2,416
2024$4,922 per active participant
2023$4,814 per active participant
2022$5,043 per active participant

Kornit Digital North America, In'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 · 20243
STIFEL NICOLAUS · Recordkeeping · Trustee$42,341
ADP, INC. · Loan processing · Recordkeeping$28,875
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, STIFEL NICOLAUS
2023ADP, STIFEL NICOLAUS

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Administrative cost history3
2024$71,218 · 0.68%
2023$60,347 · 0.73%
2022$55,695 · 0.82%
Similar plansWholesale Trade · New Jersey
Cream-O-Land Dairy, Inc. NJ$12.0M · 0.49%
Simco Logistics, Inc. NJ$12.0M · 0.03%
Strides Pharma, Inc. NJ$11.7M · 0.02%
Taylor Oil Co., Inc. NJ$11.4M · 0.28%
Automann, Inc. NJ$11.0M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261117165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.