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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#003Retirement-$5.4M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$14.6M

+7.2% from 2023

Total participants

+6.7% from 2023

Average account balance

$304,612

+0.5% from 2023

Annual return

14.82%

-0.64 pp from 2023

Benchmarks

See 677 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort677 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$16.57M

Not enough data

1 years with asset history on file

Average account balance

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

$307K

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.

154.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$555K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13557

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

See the 10-year trajectory. $4.99 for your first month.

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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

2 tripped

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

$46742 / participant

Other / not subdivided$2M100.0%

% of EOY assets

10.869%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$304,612

$89,698+239.6%

$103,476+194.4%

$80,856+276.7%

Participation rate

100.0%

76.0%+24.0pp

80.5%+19.5pp

67.6%+32.4pp

Annual return

14.82%

22.78%-8.0pp

23.90%-9.1pp

35.59%-20.8pp

Employer contribution / active EE

$15,053

$4,018+274.6%

$4,672+222.2%

$2,755+446.4%

Participant deferral / active EE

$5,456-100.0%

$6,623-100.0%

$4,296-100.0%

Admin fee / account holder

$33,109

$6,768+389.2%

$9,413+251.7%

$6,918+378.6%

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