Plan Ledger DOL Form 5500 · updated monthly

Alkami Technology, Inc.401(k)

ALKAMI TECHNOLOGY, INC. 401(K) PLAN · PLANO, TX · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Alkami Technology, Inc. reported $114,515 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,152 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 0.19% to 0.17%. 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 783rd-largest of 5,688 plans among Texas employers on file, and the 1,894th of 11,654 in professional & technical services. In 2024, employees put in $5.32 for every $1.00 the employer contributed; active participation has grown from 838 to 946 since 2022.

Plan summary
Net assets, end of year$77,016,391
Participants with balances1,114
Active participants946
Employer contributions$2,035,402
Employee contributions$10,820,040
Employer contribution per active participant$2,152
Average account balance$69,135
Benefits paid to participants$5,627,944
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$77.0M · 1,114 accts · $2.0M emplr
2023$56.9M · 1,060 accts · $2.0M emplr
2022$39.0M · 978 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,593
Investment management$15,922
Total administrative$114,515
The Alkami Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$2,152
Median for plans this size$3,635
2024$2,152 per active participant
2023$2,174 per active participant
2022$1,659 per active participant

Alkami Technology, 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$98,593
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,922

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$114,515 · 0.17%
2023$90,261 · 0.19%
2022$73,220 · 0.19%
Same employer
Similar plansProfessional & Technical Services · Texas
Defi Auto, LLC TX$78.8M · 0.10%
Banker's Toolbox, Inc. TX$76.5M · 0.22%
Mitratech Holdings, Inc. TX$75.5M · 0.17%
Bastion Technologies, Inc. TX$74.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453060776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.