Retirement plan

ALKU 401(K) PLAN

Name: ALKU, LLC - ALKU 401(K) PLAN (2024) Form 5500
Creator: ALKU, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALKU 401(K) PLAN, ALKU, LLC

ALKU, LLCEIN 26-1250834Plan #001PY 2024

100 BRICKSTONE SQUARE, SUITE #400 - ANDOVER, MA 01810978-296-6900alku.comLinkedIn201-500 employeesstaffing and recruiting

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$65.3M

+26.1% from 2023

Total participants

2,323

+0.6% from 2023

Average account balance

$47,467

+21.4% from 2023

Annual return

18.30%

-5.94 pp from 2023

Benchmarks

See 387 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort387 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$65.31M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

1,376

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.

47.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
OSAIC WEALTH INC2 years Filed as: OSAIC Service code 27 · EIN 65-0701248	Advisory (Plan)	$109,695
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$39,404
BDO USA, LLP3 years Filed as: BDO USA P.C. Service code 10 · EIN 13-5381590	Accounting	$30,991

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2A2E2F2G2J2K3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$180K

$101 / participant

Recordkeeping$39K21.5%
Investment mgmt$110K60.9%
Contract admin$6000.3%
Other / not subdivided$31K17.2%

% of EOY assets

0.276%

all-in expense ratio

Categories reported

3 / 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: $30,991
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,467

$44,898+5.7%

$85,187-44.3%

$199,960-76.3%

Participation rate

47.0%

45.7%+1.3pp

67.5%-20.5pp

72.0%-25.0pp

Annual return

18.30%

20.98%-2.7pp

66.67%-48.4pp

34.28%-16.0pp

Employer contribution / active EE

$477

$1,367-65.1%

$2,732-82.5%

$3,036-84.3%

Participant deferral / active EE

$6,353

$2,670+138.0%

$4,525+40.4%

$5,087+24.9%

Admin fee / account holder

$131

$585-77.6%

$6,162-97.9%

$269-51.4%

Provider

Service type

Compensation

OSAIC WEALTH INC2 years

Filed as: OSAIC

Service code 27 · EIN 65-0701248

Advisory (Plan)

$109,695

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$39,404

BDO USA, LLP3 years

Filed as: BDO USA P.C.

Service code 10 · EIN 13-5381590

Accounting

$30,991

ALKU 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALKU 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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