401(k) · DOL Form 5500 · 2023

Knit-Rite, LLC 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
176
Participants Small participant base
59th
Percentile by assets National rank
$57,769
Avg per participant Low balance/head
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Official DOL plan name: Knit-Rite, LLC Employees 401(k) Profit Sharing Plan · Sponsored by Knit-Rite, LLC · Kansas · Manufacturing

$10M in assets, 176 participants

Knit-Rite, LLC's Knit-Rite, LLC Employees 401(k) Profit Sharing Plan reported $10M in total assets and 176 participants in its 2023 DOL Form 5500 filing, ranking in the 59th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,477 in Manufacturing (18,722 peers)

Coverage in Kansas

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan covers 176 participants in Kansas, about 49% of the average Kansas filer (state average ~360 per filing). Assets: $10M.

#8,477
in Manufacturing (18,722 peers)
+17.5%
assets growth YoY

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$10,167,345 Top 41% higher than 59% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Knit-Rite, LLC Employees 401(k) Profit Sharing Plan sits mid-pack in the medium band (176 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Knit-Rite, LLC Employees 401(k) Profit Sharing Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Knit-Rite, LLC Employees 401(k) Profit Sharing Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 431600470 · Knit-Rite, LLC PY 2023 · 401(k)

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan · $10M · 176 · 59th

  • 5500 $10M
  • ASSETS 176
  • PCT 59th
  • EIN 401(k)
  • RANK near Stoops Automotive Group 401(k) Profit Sharing Plan & Trust
  • PHOTO ind #8477

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Kansas →

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan in the asset neighbourhood

Knit-Rite, LLC Employees 401(k) Profit Sharing PlanKnit-Rite, LLC Employees 401…$10MStoops Automotive Group 401(k) Profit Sharing Plan & TrustStoops Automotive Group 401(…$10MAaag Holdings, Inc. 401(k) PlanAaag Holdings, Inc. 401(k) P…$10MFairwood Brands 401(k) Plan$10MFoundation for Medical Care of Tulare & Kings Counties, Inc. 401(k) Profit Sharing PlanFoundation for Medical Care …$10M
End-of-year total assets ($M) among Knit-Rite, LLC Employees 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Kansas filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$2M
Employer EIN431600470
Plan Effective Date1972-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Knit-Rite, LLC)

Sponsor-wide plan assets over time

All Knit-Rite, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$19M 115.00731021599076% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $8.66M $18.6M ▲ +114.9%
Year Plans Participants Total Assets
2022 1 176 $9M
2023 1 176 $10M
2024 2 378 $19M

Nearby 401(k) Plans in Kansas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Kansas, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants Knit-Rite, LLC Employees 401(k) Profit Sharing Plan, Total assets ($B): 0.010167345 · Participants: 176Knit-Rite, LLC Employees 401(k) Profit Sharing PlanKoch Employees' Savings Plan, Total assets ($B): 3.870107696 · Participants: 11911Koch Employees' Savings PlanPerformance Contracting Group, Inc. ESOP/401(k) Plan, Total assets ($B): 2.90283952 · Participants: 1223Performance Contracting Group, Inc. ESOP/401(k) PlanBlack & Veatch Retirement Program, Total assets ($B): 2.732675203 · Participants: 6890Black & Veatch Retirement ProgramGarmin International, Inc. Retirement Plan, Total assets ($B): 1.784810901 · Participants: 6332Garmin International, Inc. Retirement PlanSpirit Aerosystems Holdings, Inc. Retirement & Savings Plan, Total assets ($B): 1.15584277 · Participants: 7704Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan
Knit-Rite, LLC Employees 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Kansas, assets vs. participants
Compare Knit-Rite, LLC Employees 401(k) Profit Sharing Plan side-by-side with 3 peers →

Knit-Rite, LLC Employees 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Kansas, the nearest 401(k) by assets is Stoops Automotive Group 401(k) Profit Sharing Plan & Trust in IN ($10M); by covered participants it is Red Nucleus Solutions 401(k) Retirement Plan in PA (176 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (176 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Knit-Rite, LLC Employees 401(k) Profit Sharing Plan assets move in 2023? ▼
Knit-Rite, LLC Employees 401(k) Profit Sharing Plan grew sharply - up 17.5% during 2023, from $9M to $10M. Reported net income was $2M.
How have Knit-Rite, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Knit-Rite, LLC's sponsor-wide assets grew 115.0%, from $9M to $19M.
Which 401(k) plans are similar in size to Knit-Rite, LLC Employees 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Stoops Automotive Group 401(k) Profit Sharing Plan & Trust in IN ($10M, 172 participants).
Which 401(k) plans cover a similar participant headcount to Knit-Rite, LLC Employees 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Red Nucleus Solutions 401(k) Retirement Plan in PA (176 participants, $18M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 431600470.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.