Plan Ledger DOL Form 5500 · updated monthly

Akrf, Inc.401(k)

AKRF, INC. PROFIT SHARING PLAN AND 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Akrf, Inc. reported $130,918 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $4,962 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 0.08% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 788th-largest of 5,648 plans among New York employers on file, and the 1,488th of 11,654 in professional & technical services. In 2024, employees put in $2.33 for every $1.00 the employer contributed; active participation has grown from 301 to 395 since 2022.

Plan summary
Net assets, end of year$101,581,592
Participants with balances518
Active participants395
Employer contributions$1,959,932
Employee contributions$4,566,420
Employer contribution per active participant$4,962
Average account balance$196,103
Benefits paid to participants$4,619,417
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$101.6M · 518 accts · $2.0M emplr
2023$84.5M · 453 accts · $1.4M emplr
2022$69.6M · 438 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,743
Investment management$50,175
Total administrative$130,918
The Akrf, Inc. 401(k) match · 2024
Employer contribution per active participant$4,962
Median for plans this size$3,635
2024$4,962 per active participant
2023$4,167 per active participant
2022$4,035 per active participant

Akrf, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$93,126
USI ADVISORS, INC · Investment advisory (plan)$37,793

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$130,918 · 0.14%
2023$106,351 · 0.14%
2022$59,724 · 0.08%
Same employer
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Butler/Till, Inc. NY$103.3M · 0.04%
Turner & Townsend, Inc. NY$102.1M · 0.43%
Anderson Kill P.C. NY$101.9M · 0.06%
Vitech Systems Group NY$101.1M · 0.01%
Freed Maxick Cpas, P. C. NY$100.8M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135331530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.