Knowles, Smith & Associates, LLP Cash Balance Plan

Defined Benefit (Pension) · DOL Form 5500 · 2022

What the Filing Says About Knowles, Smith & Associates, LLP Cash Balance Plan

Knowles, Smith & Associates, LLP Cash Balance Plan is a Defined Benefit (Pension) retirement plan sponsored by Knowles, Smith & Associates, LLP, headquartered in North Carolina. According to the U.S. Department of Labor's 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 62 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 208326663, and the plan has been effective since 2012-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets declined sharply from $1M at the beginning of 2022 to $1M at year-end - down 17.9%. Net assets (after liabilities) closed the year at $1M, with reported net income of -$266K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Knowles, Smith & Associates, LLP has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $10M to $12M, a gain of 13.8%, while reported participants moved from 302 to 255 (-15.6%). The strongest year on file by total sponsor assets was 2024 at $12M; the softest was 2023 at $10M. Year-by-year, sponsor-wide filings show: 2022 - $10M in assets across 2 plans covering 302 participants; 2023 - $10M in assets across 1 plan covering 240 participants; 2024 - $12M in assets across 1 plan covering 255 participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2022 Form 5500 with a reported end-of-year asset figure (139,258 plans), rank Knowles, Smith & Associates, LLP Cash Balance Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.