Plan Ledger DOL Form 5500 · updated monthly

Akumin Inc.401(k)

AKUMIN 401(K) PLAN · PLANTATION, FL · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Akumin Inc. reported $552,118 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $718 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 3 years on file its reported administrative ratio has held roughly steady near 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 217th-largest of 3,644 plans among Florida employers on file, and the 743rd of 11,911 in health care & social assistance. In 2024, employees put in $5.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$163,549,458
Participants with balances4,333
Active participants3,310
Employer contributions$2,377,288
Employee contributions$12,956,509
Employer contribution per active participant$718
Average account balance$37,745
Benefits paid to participants$28,791,281
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$163.5M · 4,333 accts · $2.4M emplr
2023$153.4M · 3,795 accts · $2.0M emplr
2022$137.4M · 4,117 accts · $850K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$224,678
Investment management$244,250
Audit (IQPA)$82,887
Total administrative$552,118
The Akumin Inc. 401(k) match · 2024
Employer contribution per active participant$718
Median for plans this size$3,635
2024$718 per active participant
2023$631 per active participant
2022$247 per active participant

Akumin Inc.'s 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
RESOURCES INVESTMENT ADVISORS, LLC · Investment management$169,369
MARCUM LLP · Accounting / audit$64,887
ONEDIGITAL INVESTMENT ADVISOR LLC · Investment advisory (plan)$59,935
BDO USA, LLP · Accounting / audit$18,000
NFP RETIREMENT INC · Investment advisory (plan)$14,945
QDRO CONSULTANTS CO LLC$300

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$552,118 · 0.35%
2023$417,548 · 0.29%
2022$254,493 · 0.33%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Dental Care Alliance FL$183.8M · 0.32%
Uf Health-Central Florida FL$169.3M · 0.22%
Oneblood, Inc. FL$160.3M · 0.24%
Healogics, LLC. FL$153.3M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364793204 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.