Retirement plan

AKAL SECURITY, INC. 401(K) PLAN

Name: AKAL SECURITY, INC. - AKAL SECURITY, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsFailed to provide benefitWind-down / frozen

How to read this page

Total assets (EOY)

$37M

-31.8% from 2019

Total participants

1,475

-43.4% from 2019

Average account balance

$25,135

+13.5% from 2019

Annual return

7.08%

-27.74 pp from 2019

Benchmarks

See 14,134 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,134 peers

Snapshot2020

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 2 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.2 years Service code 14 · EIN 13-3745616 701 WESTCHESTER AVE, SUITE 320E · WHITE PLAINS, NY 10604	Plan Administrator	$344,351
MATRIX TRUST COMPANY2 years Filed as: MATRIX Service code 19 · EIN 75-3182674	Securities Custodian	$27,492

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

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
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

$372K

$61974 / participant

Other / not subdivided$372K100.0%

% of EOY assets

1.004%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - 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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,135

$109,372-77.0%

$89,414-71.9%

$158,966-84.2%

Participation rate

83.3%

74.3%+9.1pp

68.0%+15.3pp

82.0%+1.4pp

Annual return

7.08%

345.55%-338.5pp

245.50%-238.4pp

302.95%-295.9pp

Employer contribution / active EE

$108,542

$3,171+3322.5%

$2,586+4096.6%

$4,762+2179.1%

Participant deferral / active EE

$31,777

$4,598+591.1%

$3,890+717.0%

$5,983+431.1%

Admin fee / account holder

$252

$6,156-95.9%

$4,883-94.8%

$11,250-97.8%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.2 years

Service code 14 · EIN 13-3745616

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

Plan Administrator

$344,351

MATRIX TRUST COMPANY2 years

Filed as: MATRIX

Service code 19 · EIN 75-3182674

Securities Custodian

$27,492

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