Plan Ledger DOL Form 5500 · updated monthly

Akeela, Inc.401(k)

AKEELA, INC. 401(K) PLAN · ANCHORAGE, AK · plan year 2024

Reported admin expense ratio · 2024
1.05%

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

Akeela, Inc. reported $39,772 in plan administrative expenses for 2024: 1.05% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,763 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 0.86% to 1.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alaska (139th of 160), and 8,626th of 11,911 in health care & social assistance. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has shrunk from 80 to 62 since 2022.

Plan summary
Net assets, end of year$3,893,297
Participants with balances114
Active participants62
Employer contributions$171,316
Employee contributions$226,932
Employer contribution per active participant$2,763
Average account balance$34,152
Benefits paid to participants$659,220
Plan auditUnmodified (clean) audit opinion
AuditorALTMAN, ROGERS & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 114 accts · $171K emplr
2023$3.7M · 134 accts · $169K emplr
2022$3.0M · 146 accts · $175K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,683
Investment management$14,786
Total administrative$39,772
The Akeela, Inc. 401(k) match · 2024
Employer contribution per active participant$2,763
Median for plans this size$1,313
2024$2,763 per active participant
2023$2,221 per active participant
2022$2,188 per active participant

Akeela, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,625
MERRILL LYNCH · Investment advisory (participants)$14,786

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$39,772 · 1.05%
2023$35,706 · 1.06%
2022$27,554 · 0.86%
Similar plansHealth Care & Social Assistance · Alaska
Reach, Inc. AK$6.6M · 0.08%
Wildflower Court, Inc AK$4.5M · 0.45%
Ozark Health, Inc. AK$3.6M · 0.81%
Fairbanks Resource Agency AK$1.7M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920046154 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.