Plan Ledger DOL Form 5500 · updated monthly

Sealaska Corporation401(k)

SEALASKA CORPORATION 401(K) PLAN · JUNEAU, AK · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Sealaska Corporation reported $115,788 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $4,640 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 0.16% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 36th-largest of 160 plans among Alaska employers on file, and the 260th of 786 in management of companies. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has grown from 304 to 351 since 2022.

Plan summary
Net assets, end of year$58,075,248
Participants with balances493
Active participants351
Employer contributions$1,628,513
Employee contributions$3,804,832
Employer contribution per active participant$4,640
Average account balance$117,800
Benefits paid to participants$8,183,677
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.1M · 493 accts · $1.6M emplr
2023$53.5M · 520 accts · $1.6M emplr
2022$46.7M · 514 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,261
Investment management$49,055
Total administrative$115,788
The Sealaska Corporation 401(k) match · 2024
Employer contribution per active participant$4,640
Median for plans this size$3,635
2024$4,640 per active participant
2023$4,573 per active participant
2022$4,340 per active participant

Sealaska Corporation'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
UBS FINANCIAL SERVICES INC. · Investment advisory (plan)$44,760
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$37,266
DAVIS WRIGHT TREMAINE LLP · Legal$27,047

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$115,788 · 0.21%
2023$139,479 · 0.28%
2022$82,038 · 0.16%
Same employer
Similar plansManagement of Companies · Alaska
Chugach Alaska Corporation AK$256.0M · 0.20%
Doyon, Limited AK$155.6M · 0.08%
Olgoonik Development, LLC AK$59.6M · 0.06%
The Aleut Corporation AK$55.5M · 0.15%
The Tatitlek Corporation AK$38.9M · 0.49%
Natives of Kodiak, Inc. AK$18.5M · 0.79%
Koman Holdings, LLC AK$13.0M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920042296 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.