Plan Ledger DOL Form 5500 · updated monthly

Akal Security, Inc.401(k)

AKAL SECURITY, INC. 401(K) PLAN · SANTA CRUZ, NM · plan year 2022

Reported admin expense ratio · 2022
0.70%

Akal Security, Inc. reported $145,180 in plan administrative expenses for 2022: 0.70% of average plan assets, higher than ~90% of peers. 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 0.70% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is the 132nd-largest of 290 plans among New Mexico employers on file, and the 965th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$10,751,011
Participants with balances463
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$23,220
Benefits paid to participants$16,572,548
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT, PIETRAS & STORMER, PA
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 306 accts
2023$8.7M · 372 accts
2022$10.8M · 463 accts
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$45,465 · 0.56%
2023$61,521 · 0.63%
2022$145,180 · 0.70%
Similar plansAdministrative & Support Services · New Mexico
Compa Industries, Inc. NM$11.9M · 0.08%
Healthcare Packaging US NM$10.1M · 0.60%
Adc LTD Nm NM$7.0M · 0.39%
Perikin Enterprises, LLC NM$6.3M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850279473 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.