Retirement plan

AKAL INC. 401(K) PLAN

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

AKAL SECURITY, INC.EIN 85-0279473Plan #005PY 2024

PO BOX 1197 - SANTA CRUZ, NM 87567505-753-7832akalglobal.comLinkedIn10001+ employeessecurity and investigations

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$7.5M

-13.7% from 2023

Total participants

306

-17.7% from 2023

Average account balance

$24,602

+5.0% from 2023

Annual return

8.49%

-3.30 pp from 2023

Benchmarks

See 19,460 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort19,460 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.53M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

306

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,960
BAUKNIGHT PIETRAS & STORMER PA2 years Filed as: BAUKNIGHT, PIETRAS, STORMER Service code 10 · EIN 57-0940019	Accounting	$15,400
PENTEGRA SERVICES, INC.6 years Service code 13 · EIN 13-3745616 701 WESTCHESTER AVENUE, SUITE 320E · WHITE PLAINS, NY 10604	Contract Administrator	$7,953

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$45K

Contract admin$30K66.1%
Other / not subdivided$15K33.9%

% of EOY assets

0.604%

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: BAUKNIGHT, PIETRAS & STORMER, PA
Auditor EIN: 570940019
Audit fees: $15,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,602

$99,921-75.4%

$85,009-71.1%

$145,959-83.1%

Participation rate

0.0%

74.1%-74.1pp

67.5%-67.5pp

80.3%-80.3pp

Annual return

8.49%

83.89%-75.4pp

66.47%-58.0pp

561.95%-553.5pp

Employer contribution / active EE

$3,233-100.0%

$2,728-100.0%

$4,661-100.0%

Participant deferral / active EE

$5,293-100.0%

$4,522-100.0%

$6,689-100.0%

Admin fee / account holder

$149

$7,252-98.0%

$6,153-97.6%

$13,398-98.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,960

BAUKNIGHT PIETRAS & STORMER PA2 years

Filed as: BAUKNIGHT, PIETRAS, STORMER

Service code 10 · EIN 57-0940019

Accounting

$15,400

PENTEGRA SERVICES, INC.6 years

Service code 13 · EIN 13-3745616

701 WESTCHESTER AVENUE, SUITE 320E · WHITE PLAINS, NY 10604

Contract Administrator

$7,953

AKAL INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AKAL INC. 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