Plan Ledger DOL Form 5500 · updated monthly

First National Bank Alaska401(k)

FIRST NATIONAL BANK ALASKA PROFIT SHARING & 401(K) PLAN · ANCHORAGE, AK · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

First National Bank Alaska reported $166,648 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $4,390 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 0.145%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 19th-largest of 160 plans among Alaska employers on file, and the 871st of 4,798 in finance & insurance. In 2024, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$119,514,642
Participants with balances840
Active participants614
Employer contributions$2,695,676
Employee contributions$5,442,986
Employer contribution per active participant$4,390
Average account balance$142,279
Benefits paid to participants$13,933,481
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$119.5M · 840 accts · $2.7M emplr
2023$110.9M · 973 accts · $2.6M emplr
2022$95.9M · 841 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,973
Investment management$45,000
Audit (IQPA)$24,675
Total administrative$166,648
The First National Bank Alaska 401(k) match · 2024
Employer contribution per active participant$4,390
Median for plans this size$3,635
2024$4,390 per active participant
2023$4,297 per active participant
2022$3,977 per active participant

First National Bank Alaska'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 · 20243
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$45,000
CROWE LLP · Accounting / audit$24,675

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$166,648 · 0.14%
2023$146,421 · 0.14%
2022$153,498 · 0.14%
Same employer
Similar plansFinance & Insurance · Alaska
Cook Inlet Region, Inc. AK$589.4M · 0.10%
Global Federal Credit Union AK$149.6M · 0.24%
Northrim Bank AK$101.4M · 0.15%
Tanadgusix Corporation AK$34.6M · 0.30%
Credit Union 1 AK$34.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920006595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.