Knowbe4, Inc. 401(k) Review & Grade
Knowbe4, Inc. 401(k) Profit Sharing Plan & Trust
Clearwater, FLInformation1,262 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,625Employer $ per active participant
$5,870Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$57.2MNet plan assets, end of year
$52,969Average balance per account
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 81th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,152 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Knowbe4 put in about $2,625 per active participant, below the typical peer ($2,829). 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.
- 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 | $3,312,067 |
| Participant (employee) contributions | $7,405,551 |
| Other contributions (incl. rollovers in) | $594,251 |
| Administrative expenses paid from the plan | $36,130 |
| Contract administrator fees | $25,930 |
| Other admin expenses | $1,700 |
| Benefits paid out | $4,168,341 |
| Net assets, start / end of year | $42.8M / $57.2M |
| Active participants, start / end of year | 1,291 / 1,232 |
| Participants with account balances | 1,080 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Ubs Financial Services Inc. | $102,871 reported compensation |
| Retirement Solutions Specialists | $22,907 reported compensation |
| Assurance Dimensions | $8,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812091429NAL0009652032001, received 2025-08-12, EIN 36-4827930, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.