Plan Snapshot
- Plan Sponsor: Knowles Corporation
- Sponsor EIN: 901002689
- Sponsor Address: 1151 MAPLEWOOD DRIVE, ITASCA, IL, 60143
- Plan Type: 401(k)
- Total Participants: 1,194
- Total Assets: $204.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,194 | $204.5M | $4.9M | $9.3M |
| 2023 | 999 | $183.3M | $4.5M | $8.5M |
| 2022 | 1,071 | $164.3M | $4.6M | $8.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $139,347 | — | $139,347 |
| CAPITAL STRATEGIES INVESTMENT GROUP | NONE | $60,000 | — | $60,000 |
| BDO USA LLP | NONE | $45,000 | — | $45,000 |
| BDO USA, LLP | Auditor | $45,000 | — | $45,000 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $20,717 | — | $20,717 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $310,064
- Estimated Expense Ratio: 0.152% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $265,000 | $80,717 | — | $45,000 | — |
| 2023 | $237,648 | $78,163 | — | $25,000 | — |
| 2022 | $238,122 | $13,623 | — | — | $300 |