Plan Ledger DOL Form 5500 · updated monthly

Fairbanks Resource AgencyProfit-sharing plan

FAIRBANKS RESOURCE AGENCY DISCRETIONARY CONTRIBUTION RETIREMENT PLAN · FAIRBANKS, AK · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Fairbanks Resource Agency reported $12,842 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $980 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 1.01% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alaska (153rd of 160), and 10,309th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,693,302
Participants with balances187
Active participants102
Employer contributions$100,000
Employee contributions$0
Employer contribution per active participant$980
Average account balance$9,055
Benefits paid to participants$68,175
Plan auditUnmodified (clean) audit opinion
AuditorPORTER & ALLISON, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 187 accts · $100K emplr
2023$1.5M · 219 accts · $90K emplr
2022$1.3M · 210 accts · $75K emplr
Administrative expenses, itemized · 2024
Investment management$12,717
Trustee / custodial$125
Total administrative$12,842
Employer contributions to the Fairbanks Resource Agency plan · 2024
Employer contribution per active participant$980
Median for plans this size$1,313
2024$980 per active participant
2023$789 per active participant
2022$694 per active participant

Fairbanks Resource Agency's 2024 employer contribution ran below the $1,313 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 · 20241
ABRIDGE PARTNERS, LLC · Investment advisory (plan)$12,717

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$12,842 · 0.80%
2023$10,929 · 0.77%
2022$12,721 · 1.01%
Similar plansHealth Care & Social Assistance · Alaska
Akeela, Inc. AK$3.9M · 1.05%
Ozark Health, Inc. AK$3.6M · 0.81%
Denali Family Services AK$806K · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920035250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.