Knapp Inc. 401(k) Review & Grade
Knapp Inc. 401(k) Profit Sharing Plan
Kennesaw, GAConstruction904 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,195Employer $ per active participant
$4,856Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$35.1MNet plan assets, end of year
$47,559Average balance per account
Score breakdown
- Employer generosity39.1 / 5078th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 15th |
| Employee saving | 62th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Knapp put in about $3,195 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (0.65% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,890,174 |
| Participant (employee) contributions | $4,391,883 |
| Other contributions (incl. rollovers in) | $1,619,338 |
| Administrative expenses paid from the plan | $200,086 |
| Investment advisory & management fees | $161,568 |
| Benefits paid out | $3,410,974 |
| Net assets, start / end of year | $26.0M / $35.1M |
| Active participants, start / end of year | 834 / 975 |
| Participants with account balances | 739 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Moore Colson |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $57,415 reported compensation |
| Empower Advisory Group, LLC | $52,918 reported compensation |
| NFP Retirement Inc | $52,054 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819153243NAL0002453617001, received 2025-08-19, EIN 58-2365257, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.