Knighted Ventures, LLC 401(k) Review & Grade
Knighted Ventures, LLC 401(k) Retirement Savings Plan
Newark, CAArts, Entertainment & Recreation2,442 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$112Employer $ per active participant
$1,010Employee $ saved per active participant
1.06%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.6 / 507th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 6th |
| Employee saving | 22th |
| Peers that auto-enroll | 38% |
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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
- Knighted Ventures put in about $112 per active participant, below the typical peer ($995). 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 (1.06% 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 | $273,045 |
| Participant (employee) contributions | $2,467,104 |
| Other contributions (incl. rollovers in) | $32,700 |
| Administrative expenses paid from the plan | $113,291 |
| Investment advisory & management fees | $23,274 |
| Other admin expenses | $30,986 |
| Benefits paid out | $648,681 |
| Net assets, start / end of year | $9.0M / $12.4M |
| Active participants, start / end of year | 2,119 / 2,766 |
| Participants with account balances | 605 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubin Brown LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $59,031 reported compensation |
| Meloni Hribal Trainer LLP | $30,236 reported compensation |
| NFP Retirement Inc | $23,274 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014231714NAL0005062720001, received 2025-10-15, EIN 45-4477245, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.