Retirement plan

AKAL SECURITY, INC. 401(K) PLAN

Name: AKAL SECURITY, INC. - AKAL SECURITY, INC. 401(K) PLAN (2019) Form 5500
Creator: AKAL SECURITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AKAL SECURITY, INC. 401(K) PLAN, AKAL SECURITY, INC.

AKAL SECURITY, INC.EIN 85-0279473Plan #005PY 2019

7 INFINITY LOOP - ESPANOLA, NM 87532505-692-6697akalglobal.comLinkedIn10001+ employeessecurity and investigations

Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$54.3M

+28.2% from 2018

Total participants

2,606

-13.6% from 2018

Average account balance

$22,138

+50.4% from 2018

Annual return

34.83%

+38.29 pp from 2018

Benchmarks

See 689 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort689 peers

Snapshot2019

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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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.1 year Service code 14 701 WESTCHESTER AVE, SUITE 320E · WHITE PLAINS, NY 10604	Plan Administrator	$346,792
NOVUS ADVISORS5+ years Service code 27 · EIN 80-0717897	Advisory (Plan)	$23,666
SPECIALIZED PLAN ADMINISTRATORS4 years Filed as: SPECIALIZED ADMINISTRATORS Service code 15 · EIN 90-0713048	Recordkeeping	$23,666
MATRIX TRUST COMPANY1 year Filed as: MATRIX Service code 19 · EIN 75-3182674	Securities Custodian	$18,646
TD AMERITRADE, INC.5+ years Filed as: TD AMERITRADE Service code 19 · EIN 20-0937408	Securities Custodian	$12,810

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$429K

$836 / participant

Investment mgmt$24K5.5%
Other / not subdivided$405K94.5%

% of EOY assets

0.789%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAUKNIGHT, PIETRAS & STORMER, PA
Auditor EIN: 570940019
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,138

$40,522-45.4%

$84,611-73.8%

$67,579-67.2%

Participation rate

70.6%

51.1%+19.5pp

68.2%+2.3pp

71.3%-0.7pp

Annual return

34.83%

32.72%+2.1pp

258.74%-223.9pp

378.56%-343.7pp

Employer contribution / active EE

$20,382

$1,146+1678.2%

$2,652+668.5%

$2,148+849.0%

Participant deferral / active EE

$10,989

$2,132+415.5%

$3,899+181.9%

$3,539+210.5%

Admin fee / account holder

$175

$145+20.2%

$4,912-96.4%

$142+22.7%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.1 year

Service code 14

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

Plan Administrator

$346,792

NOVUS ADVISORS5+ years

Service code 27 · EIN 80-0717897

Advisory (Plan)

$23,666

SPECIALIZED PLAN ADMINISTRATORS4 years

Filed as: SPECIALIZED ADMINISTRATORS

Service code 15 · EIN 90-0713048

Recordkeeping

$23,666

MATRIX TRUST COMPANY1 year

Filed as: MATRIX

Service code 19 · EIN 75-3182674

Securities Custodian

$18,646

TD AMERITRADE, INC.5+ years

Filed as: TD AMERITRADE

Service code 19 · EIN 20-0937408

Securities Custodian

$12,810

AKAL SECURITY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AKAL SECURITY, 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