Plan Ledger DOL Form 5500 · updated monthly

Akrs Equipment Solutions Inc.401(k)

AKRS EQUIPMENT SOLUTIONS INC. 401K PLAN · LINCOLN, NE · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Akrs Equipment Solutions Inc. reported $158,378 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,611 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 fell from 0.24% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 78th-largest of 565 plans among Nebraska employers on file, and the 489th of 4,246 in wholesale trade. In 2024, employees put in $2.70 for every $1.00 the employer contributed; active participation has grown from 651 to 736 since 2022.

Plan summary
Net assets, end of year$86,410,677
Participants with balances777
Active participants736
Employer contributions$1,921,787
Employee contributions$5,198,087
Employer contribution per active participant$2,611
Average account balance$111,211
Benefits paid to participants$7,718,633
Plan auditUnmodified (clean) audit opinion
AuditorBLAND & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$86.4M · 777 accts · $1.9M emplr
2023$75.5M · 778 accts · $2.0M emplr
2022$62.1M · 715 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,492
Investment management$61,386
Audit (IQPA)$5,000
Total administrative$158,378
The Akrs Equipment Solutions Inc. 401(k) match · 2024
Employer contribution per active participant$2,611
Median for plans this size$3,635
2024$2,611 per active participant
2023$2,860 per active participant
2022$2,773 per active participant

Akrs Equipment Solutions Inc.'s 2024 employer contribution ran below 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$83,492
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$37,819
MSEC LLC · Investment advisory (plan)$19,400
MARINER WEALTH ADVISORS · Investment advisory (participants)$8,500
BLAND & ASSOCIATES · Accounting / audit$5,000

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

Administrative cost history3
2024$158,378 · 0.20%
2023$158,411 · 0.23%
2022$160,614 · 0.24%
Same employer
Similar plansWholesale Trade · Nebraska
The Scoular Company NE$165.7M · 0.06%
Tabor Street Group, LLC NE$90.7M · 0.28%
Nmc Group, Inc. NE$79.3M · 0.35%
Amcon Distributing Company NE$75.8M · 0.21%
Nebraska Book Company, Inc. NE$42.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270619457 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.