Plan Ledger DOL Form 5500 · updated monthly

Akorbi Inc.401(k)

AKORBI INC. 401(K) PROFIT SHARING PLAN AND TRUST · PLANO, TX · plan year 2023

Reported admin expense ratio · 2023
0.45%

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

Akorbi Inc. reported $13,220 in plan administrative expenses for 2023: 0.45% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.03% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Texas (4,560th of 5,688), and 10,501st of 11,654 in professional & technical services. active participation has shrunk from 224 to 94 since 2022.

Plan summary
Net assets, end of year$3,105,951
Participants with balances126
Active participants94
Employer contributions$0
Employee contributions$319,009
Employer contribution per active participant$0
Average account balance$24,650
Benefits paid to participants$358,894
Plan auditUnmodified (clean) audit opinion
AuditorSAVILLE CPA'S AND ADVISORS, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $32 emplr
2024$2.9M · 119 accts
2023$3.1M · 126 accts
2022$2.7M · 138 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,000
Investment management$1,070
Audit (IQPA)$11,150
Total administrative$13,220
The Akorbi Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Akorbi Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,070

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

Recordkeeper by year3
2025John Hancock
2024John Hancock
2023John Hancock

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

Administrative cost history4
2025Not separately reported
2024$32,411 · 1.08%
2023$13,220 · 0.45%
2022$936 · 0.03%
Similar plansProfessional & Technical Services · Texas
Sedera, Inc. TX$3.2M · 0.11%
Envases Commerce LLC TX$3.2M · 0.98%
Gregg & Valby, LLP TX$3.2M · 0.83%
Vvc of Texas LLC TX$3.2M · 1.10%
Talkwalker, Inc. TX$3.1M · 0.69%
Cariloop TX$3.1M · 1.10%
Delta Delta Delta TX$3.1M · 0.80%
Scott & Associates PC TX$3.0M · 1.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320184004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.