Knauf Insulation, Inc. 401(k) Review & Grade
Knauf Insulation Retirement Plan
Shelbyville, INManufacturing1,280 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,952Employer $ per active participant
$6,560Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$179.9MNet plan assets, end of year
$106,248Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 63th |
| Employee saving | 69th |
| Peers that auto-enroll | 59% |
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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 ($118 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Knauf Insulation put in about $4,952 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.
- 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 | $6,340,398 |
| Participant (employee) contributions | $8,400,255 |
| Other contributions (incl. rollovers in) | $1,005,113 |
| Administrative expenses paid from the plan | $254,796 |
| Contract administrator fees | $35,035 |
| Investment advisory & management fees | $42,599 |
| Other admin expenses | $53,792 |
| Benefits paid out | $15,472,117 |
| Net assets, start / end of year | $159.9M / $179.9M |
| Active participants, start / end of year | 1,163 / 1,398 |
| Participants with account balances | 1,693 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $158,405 reported compensation |
| Capital Strategies Investment Group | $42,599 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821123129NAL0007258384001, received 2025-08-21, EIN 38-2560723, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.