Plan Ledger DOL Form 5500 · updated monthly

Afognak Native Corporation401(k)

AFOGNAK NATIVE CORPORATION AND ALUTIIQ, LLC 401(K) PLAN & TRUST · CHESAPEAKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.26%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Afognak Native Corporation reported $454,933 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,505 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.52% to 0.26%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 170th-largest of 2,266 plans among Virginia employers on file, and the 107th of 2,534 in administrative & support services. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$183,969,876
Participants with balances4,295
Active participants2,739
Employer contributions$6,862,329
Employee contributions$13,122,802
Employer contribution per active participant$2,505
Average account balance$42,833
Benefits paid to participants$25,867,884
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$184.0M · 4,295 accts · $6.9M emplr
2023$169.7M · 4,548 accts · $7.1M emplr
2022$147.1M · 4,692 accts · $6.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$276,171
Investment management$67,000
Audit (IQPA)$40,750
Total administrative$454,933
The Afognak Native Corporation 401(k) match · 2024
Employer contribution per active participant$2,505
Median for plans this size$3,635
2024$2,505 per active participant
2023$2,471 per active participant
2022$2,261 per active participant

Afognak Native Corporation's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$276,171
PACIFIC PORTFOLIO CONSULTING, LLC · Investment management$67,000
BDO USA · Accounting / audit$40,750

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$454,933 · 0.26%
2023$427,803 · 0.27%
2022$835,391 · 0.52%
Same employer
Similar plansAdministrative & Support Services · Virginia
Apex Systems, LLC VA$478.7M · 0.10%
Mag Ds Corp. VA$114.0M · 0.22%
Guidepoint Security, LLC VA$100.6M · 0.28%
Lakeland Tours, LLC VA$91.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920047145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.