Knight-Swift Transportation Holdings Inc. 401(k) Review & Grade
Knight-Swift Transportation Holdings, Inc. Retirement Plan
Phoenix, AZTransportation & Warehousing30,038 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,117Employer $ per active participant
$2,606Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$33,604Average balance per account
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 16th |
| Employee saving | 36th |
| Peers that auto-enroll | 30% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($212,104 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $157,535 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Knight-Swift Transportation Holdings put in about $1,117 per active participant, below the typical peer ($1,415). 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.
- Direct plan expenses (0.21% of assets) are well above similar-size plans (0.09%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $33,556,869 |
| Participant (employee) contributions | $78,294,246 |
| Other contributions (incl. rollovers in) | $8,220,245 |
| Administrative expenses paid from the plan | $1,939,840 |
| Contract administrator fees | $1,621,263 |
| Investment advisory & management fees | $249,714 |
| Other admin expenses | $336 |
| Benefits paid out | $129,311,802 |
| Net assets, start / end of year | $789.5M / $1.0B |
| Active participants, start / end of year | 29,055 / 31,022 |
| Participants with account balances | 30,327 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen |
| Employer stock held by plan | $1,062,149 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $1,619,951 reported compensation |
| Pietzsch Law Group,pa | $633,279 reported compensation |
| Mma Securities, LLC | $67,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829145507NAL0022436642001, received 2025-08-29, EIN 20-5589597, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.