Knife River 401(k) match, vesting and fees
What Knife River's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Grant Thornton LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 84 defined-contribution plans in construction with 5,000 to 9,999 participants.
| Knife River: employer contribution per participant | $4,758 | |
| Peer median | $2,724 |
| Knife River: average balance | $121,096 | |
| Peer median | $57,731 |
| Knife River: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.23% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $741M at the end of plan year 2023 to $856M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,242 | $856M | $33.6M | $4,758 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 6,996 | $741M | $28.6M | $4,185 | 0.11% | Not published | Form 5500 ↗ |
Other Knife River plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Knife River Corporation Salaried Employees' Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Grant Thornton LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Knife River match 401(k) contributions?
The match terms for the Knife River Corporation 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $33.6M in employer contributions, about $4,758 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Knife River 401(k) match vested?
The vesting schedule for the Knife River Corporation 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Knife River 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Knife River Corporation Employee Benefits Committee.
I left Knife River. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Knife River Corporation Employee Benefits Committee, (701) 530-1400) or the recordkeeper, Principal Life Insurance Company. The Knife River old 401(k) page lists the contacts from every plan filing. Find an old Knife River 401(k)
Data from the public Form 5500 annual reports Knife River filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Knife River. Not financial advice. Report a correction · Methodology