Plan Ledger DOL Form 5500 · updated monthly

Matanuska Telecom Association, Inc.401(k)

MATANUSKA TELECOM ASSOCIATION, INC. 401(K) PLAN · PALMER, AK · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Matanuska Telecom Association, Inc. reported $217,074 in plan administrative expenses for 2024: 0.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,017 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 rose from 0.39% to 0.41%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 37th-largest of 160 plans among Alaska employers on file, and the 470th of 2,199 in information & media. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$57,017,129
Participants with balances315
Active participants279
Employer contributions$2,236,677
Employee contributions$2,163,582
Employer contribution per active participant$8,017
Average account balance$181,007
Benefits paid to participants$3,463,588
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.0M · 315 accts · $2.2M emplr
2023$49.4M · 320 accts · $2.2M emplr
2022$42.1M · 309 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,886
Investment management$199,188
Total administrative$217,074
The Matanuska Telecom Association, Inc. 401(k) match · 2024
Employer contribution per active participant$8,017
Median for plans this size$3,635
2024$8,017 per active participant
2023$7,682 per active participant
2022$6,821 per active participant

Matanuska Telecom Association, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$148,655
MOSS ADAMS WEALTH ADVISORS LLC · Investment management$68,448

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$217,074 · 0.41%
2023$186,301 · 0.41%
2022$174,676 · 0.39%
Same employer
Similar plansInformation & Media · Alaska
Gci Communication Corp. AK$443.0M · 0.04%
Streamland Media LLC CA$57.6M · 0.20%
Bh Security, LLC TX$57.5M · 0.19%
KNOWBE4, Inc. FL$57.2M · 0.07%
Unanet, Inc. VA$57.1M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920020417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.