Knorr-Bremse 401(k) Review & Grade
Knorr Brake 401(k) Retirement and Savings Plan
Watertown, NYManufacturing1,590 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,120Employer $ per active participant
$6,206Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$251.5MNet plan assets, end of year
$101,786Average balance per account
Score breakdown
- Employer generosity44.2 / 5088th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 79th |
| Employee saving | 66th |
| Peers that auto-enroll | 59% |
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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
- Knorr-Bremse put in about $6,120 per active participant, more than the typical peer ($2,320). 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.
- 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 | $9,730,271 |
| Participant (employee) contributions | $9,867,591 |
| Other contributions (incl. rollovers in) | $26,353,337 |
| Administrative expenses paid from the plan | $183,935 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $62,129 |
| Benefits paid out | $19,909,256 |
| Net assets, start / end of year | $198.5M / $251.5M |
| Active participants, start / end of year | 1,112 / 2,068 |
| Participants with account balances | 2,471 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $121,806 reported compensation |
| Strategic Advisors, Inc. | $62,129 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013134142NAL0000666163001, received 2025-10-13, EIN 16-1385584, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.