J. Knipper and Company, Inc. 401(k) Review & Grade
J. Knipper and Company, Inc. Profit Sharing Plan
Lakewood, NJProfessional, Scientific & Technical Services1,172 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$269Employer $ per active participant
$2,962Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$33.2MNet plan assets, end of year
$45,855Average balance per account
Score breakdown
- Employer generosity4.9 / 5010th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 59th |
| Employee saving | 15th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $89,155 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- J. Knipper and Company put in about $269 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $315,760 |
| Participant (employee) contributions | $3,473,221 |
| Other contributions (incl. rollovers in) | $194,030 |
| Administrative expenses paid from the plan | $53,679 |
| Investment advisory & management fees | $1,217 |
| Other admin expenses | $18,800 |
| Benefits paid out | $3,983,589 |
| Net assets, start / end of year | $29.4M / $33.2M |
| Active participants, start / end of year | 1,238 / 1,107 |
| Participants with account balances | 723 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jump, Perry and Company, LLP |
Largest service providers (Schedule C)
| J Knipper & Company Inc | $18,800 reported compensation |
| Jump Perry and Company LLP | $18,800 reported compensation |
| Empower Annuity Insurance Company | $14,862 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009151005NAL0006782689001, received 2025-10-09, EIN 22-2755742, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.