Knightvest Management, L.L.C. 401(k) Review & Grade
Knightvest 401(k) Plan
Dallas, TXReal Estate & Rental592 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,658Employer $ per active participant
$2,107Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$12.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 10th |
| Employee saving | 27th |
| Peers that auto-enroll | 47% |
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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
- Knightvest Management put in about $1,658 per active participant, more than the typical peer ($1,279). 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 (0.79% 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 | $980,708 |
| Participant (employee) contributions | $1,246,248 |
| Other contributions (incl. rollovers in) | $105,963 |
| Administrative expenses paid from the plan | $86,155 |
| Contract administrator fees | $7,175 |
| Other admin expenses | $2,400 |
| Benefits paid out | $1,367,128 |
| Net assets, start / end of year | $9.7M / $12.2M |
| Active participants, start / end of year | 595 / 588 |
| Participants with account balances | 287 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Abip, PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $76,580 reported compensation |
| Linsco/private Ledger Corp | $51,056 reported compensation |
| Definiti LLC | $17,701 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707143836NAL0002042291001, received 2025-07-07, EIN 27-0878012, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.