Retirement plan

ALASKA ENERGY AND RESOURCES AND SUBSIDIARIES MONEY PURCHASE PENSION PLAN

Name: ALASKA ENERGY & RESOURCES COMPANY - ALASKA ENERGY AND RESOURCES AND SUBSIDIARIES MONEY PURCHASE PENSION PLAN (2023) Form 5500
Creator: ALASKA ENERGY & RESOURCES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALASKA ENERGY AND RESOURCES AND SUBSIDIARIES MONEY PURCHASE PENSION PLAN, ALASKA ENERGY & RESOURCES COMPANY

ALASKA ENERGY & RESOURCES COMPANYEIN 92-0005090Plan #002PY 2023

5601 TONSGARD COURT - JUNEAU, AK 99801907-780-2222LinkedIn1-10 employees

Other plans on this EIN

1 filing

#003Retirement-$4.4M assets

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$13.6M

+6.7% from 2022

Total participants

0.0% from 2022

Average account balance

$302,959

+6.7% from 2022

Annual return

15.46%

+33.68 pp from 2022

Benchmarks

See 638 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort638 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.62M

Not enough data

1 years with asset history on file

Average account balance

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

$305K

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.

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.

141.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$512K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33109

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2F2G2T3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$55856 / participant

Other / not subdivided$2M100.0%

% of EOY assets

11.882%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$302,959

$103,966+191.4%

$112,899+168.3%

$75,173+303.0%

Participation rate

100.0%

75.7%+24.3pp

80.5%+19.5pp

67.2%+32.8pp

Annual return

15.46%

24.54%-9.1pp

34.11%-18.7pp

160.72%-145.3pp

Employer contribution / active EE

$15,329

$3,870+296.1%

$4,566+235.7%

$2,671+473.9%

Participant deferral / active EE

$20

$5,456-99.6%

$6,516-99.7%

$4,126-99.5%

Admin fee / account holder

$35,996

$7,663+369.7%

$7,047+410.8%

$5,651+537.0%

ALASKA ENERGY AND RESOURCES AND SUBSIDIARIES MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALASKA ENERGY AND RESOURCES AND SUBSIDIARIES MONEY PURCHASE PENSION 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