Aker Solutions Inc.401(k)
THE AKER SOLUTIONS 401(K) SAVINGS PLAN · HOUSTON, TX · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Aker Solutions Inc. reported $150,467 in plan administrative expenses for 2023: 0.11% of average plan assets, below the peer median. Employer contributions averaged $5,209 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 0.10% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 501st-largest of 5,688 plans among Texas employers on file, and the 1,130th of 11,654 in professional & technical services. In 2023, employees put in $1.45 for every $1.00 the employer contributed.
Aker Solutions Inc.'s 2023 employer contribution ran above the $3,659 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Aker Solutions Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 760423235 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.