Plan Ledger DOL Form 5500 · updated monthly

Akima, LLC401(k)

AKIMA, LLC 401(K) PLAN · HERNDON, 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

Akima, LLC reported $1,287,896 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,671 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 0.22% to 0.26%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 66th-largest of 2,266 plans among Virginia employers on file, and the 76th of 786 in management of companies. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 6,550 to 10,186 since 2022.

Plan summary
Net assets, end of year$554,653,640
Participants with balances11,984
Active participants10,186
Employer contributions$27,203,957
Employee contributions$46,657,288
Employer contribution per active participant$2,671
Average account balance$46,283
Benefits paid to participants$66,423,789
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$554.7M · 11,984 accts · $27.2M emplr
2023$434.9M · 10,946 accts · $24.4M emplr
2022$355.3M · 9,834 accts · $20.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,002,214
Investment management$284,304
Total administrative$1,287,896
The Akima, LLC 401(k) match · 2024
Employer contribution per active participant$2,671
Median for plans this size$4,294
2024$2,671 per active participant
2023$3,324 per active participant
2022$3,176 per active participant

Akima, LLC's 2024 employer contribution ran below the $4,294 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 · 20246
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$951,354
GLOBAL RETIREMENT PARTNERS .00 LLC · Investment advisory (plan)$284,304
BAKER TILLY US LLP · Accounting / audit$50,800
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$200
LINCOLN FINANCIAL ADVISORS CORPORAT · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Akima, LLC 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).

Administrative cost history3
2024$1,287,896 · 0.26%
2023$905,471 · 0.23%
2022$806,139 · 0.22%
Same employer
Similar plansManagement of Companies · Virginia
James River Group, Inc. VA$100.7M · 0.07%
Primis Bank VA$44.4M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270072039 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.