Retirement plan

HSO 401(K) PLAN

Name: AKA ENTERPRISE SOLUTIONS, INC. - HSO 401(K) PLAN (2024) Form 5500
Creator: AKA ENTERPRISE SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HSO 401(K) PLAN, AKA ENTERPRISE SOLUTIONS, INC.

AKA ENTERPRISE SOLUTIONS, INC.EIN 13-3507800Plan #001PY 2024

875 AVENUES OF AMERICA 20TH FLOOR - NEW YORK, NY 10001212-502-3900akaes.comLinkedIn51-200 employeescomputer software

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.4M

+32.5% from 2023

Total participants

390

+1.3% from 2023

Average account balance

$131,468

+28.2% from 2023

Annual return

20.30%

-6.29 pp from 2023

Benchmarks

See 951 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort951 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$40.36M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$131K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

307

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

75.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.30%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$421

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 9 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$121,871
SIDE BY SIDE FINANCIALS, INC.5 years Filed as: SIDE BY SIDE FINANCIALS INC Service code 13	Contract Administrator	$29,335
ORENDA RETIREMENT, LLC5 years Service code 13 · EIN 36-4877979	Contract Administrator	$20,232
AMERIPRISE FINANCIAL SERVICES INC5 years Filed as: AMERIPRISE FINANCIAL SVC INC-205 Service code 49 · EIN 41-0973005	Other Services	$15,590
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 49	Other Services	$7,600
AMERIPRISE FINANCIAL SERVICES INC2 years Service code 49 · EIN 41-0973005	Other Services	$0
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26	Advisory (Participants)	$0
SIDE BY SIDE FINANCIALS, INC.5 years Filed as: SIDE BY SIDE FINANCIALS INC. Service code 13 · EIN 27-3232902	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2G2F2J2K3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$129K

$376 / participant

Contract admin$129K100.0%

% of EOY assets

0.321%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,468

$91,695+43.4%

$67,575+94.6%

$77,736+69.1%

Participation rate

75.9%

76.0%-0.2pp

72.9%+3.0pp

70.6%+5.3pp

Annual return

20.30%

14.88%+5.4pp

3528.98%-3508.7pp

31.26%-11.0pp

Employer contribution / active EE

$5,278

$3,189+65.5%

$2,736+92.9%

$2,728+93.5%

Participant deferral / active EE

$11,724

$3,912+199.7%

$4,003+192.8%

$4,651+152.1%

Admin fee / account holder

$421

$245+72.2%

$3,993-89.4%

$433-2.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$121,871

SIDE BY SIDE FINANCIALS, INC.5 years

Filed as: SIDE BY SIDE FINANCIALS INC

Service code 13

Contract Administrator

$29,335

ORENDA RETIREMENT, LLC5 years

Service code 13 · EIN 36-4877979

Contract Administrator

$20,232

AMERIPRISE FINANCIAL SERVICES INC5 years

Filed as: AMERIPRISE FINANCIAL SVC INC-205

Service code 49 · EIN 41-0973005

Other Services

$15,590

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES INC.

Service code 49

Other Services

$7,600

AMERIPRISE FINANCIAL SERVICES INC2 years

Service code 49 · EIN 41-0973005

Other Services

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26

Advisory (Participants)

SIDE BY SIDE FINANCIALS, INC.5 years

Filed as: SIDE BY SIDE FINANCIALS INC.

Service code 13 · EIN 27-3232902

Contract Administrator

HSO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HSO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion