Plan Ledger DOL Form 5500 · updated monthly

Aka Enterprise Solutions, Inc.401(k)

AKA ENTERPRISE SOLUTIONS, INC. 401(K) & PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Aka Enterprise Solutions, Inc. reported $129,375 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $5,278 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 rose from 0.34% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,587th-largest of 5,648 plans among New York employers on file, and the 1,075th of 3,091 in educational services. In 2024, employees put in $2.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,360,793
Participants with balances307
Active participants344
Employer contributions$1,815,607
Employee contributions$4,032,909
Employer contribution per active participant$5,278
Average account balance$131,468
Benefits paid to participants$2,122,172
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.4M · 307 accts · $1.8M emplr
2023$30.5M · 297 accts · $1.5M emplr
2022$21.4M · 280 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,375
Total administrative$129,375
The Aka Enterprise Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$5,278
Median for plans this size$2,416
2024$5,278 per active participant
2023$4,439 per active participant
2022$3,377 per active participant

Aka Enterprise Solutions, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20246
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$121,871
ORENDA RETIREMENT, LLC · Contract administrator · Other services$7,352
SIDE BY SIDE FINANCIALS INC. · Contract administratorindirect comp
AMERIPRISE FINANCIAL SVC INC-205 · Other servicesindirect comp
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$129,375 · 0.37%
2023$90,723 · 0.35%
2022$73,699 · 0.34%
Similar plansEducational Services · New York
Wildwood Programs NY$44.9M · 0.02%
Keuka College NY$44.0M · 0.11%
Green Vale School NY$44.0M · 0.06%
Portledge School NY$38.1M · 0.05%
Birch Wathen Lenox School NY$38.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133507800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.