Retirement plan

ALASKA POWER & TELEPHONE COMPANY EMPLOYEE STOCK OWNERSHIP & SAVINGS PLAN

Name: ALASKA POWER & TELEPHONE COMPANY - ALASKA POWER & TELEPHONE COMPANY EMPLOYEE STOCK OWNERSHIP & SAVINGS PLAN (2020) Form 5500
Creator: ALASKA POWER & TELEPHONE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALASKA POWER & TELEPHONE COMPANY EMPLOYEE STOCK OWNERSHIP & SAVINGS PLAN, ALASKA POWER & TELEPHONE COMPANY

ALASKA POWER & TELEPHONE COMPANYEIN 92-0153693Plan #004PY 2020

P.O. BOX 3222 - PORT TOWNSEND, WA 983680922360-385-1733aptalaska.comLinkedIn51-200 employeesutilities

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$64.8M

+11.5% from 2019

Total participants

220

-2.7% from 2019

Average account balance

$307,020

+12.5% from 2019

Annual return

15.25%

+3.20 pp from 2019

Benchmarks

See 172 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort172 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$57.89M

Not enough data

1 years with asset history on file

Average account balance

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

$243K

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.

238

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+0.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
TRAUTMANN MAHER & ASSOCIATES6+ years Filed as: TRAUTMANN, MAHER & ASSOCIATES, INC. Service code 15 · EIN 91-1526584	Recordkeeping	$21,914
USI CONSULTING GROUP2 years Filed as: USI ADVISORS INC. Service code 26 · EIN 06-1397347	Advisory (Participants)	$4,500

Plan features & details

Pension benefit codes2E2F2H2J2K2O2T3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$26K

$196 / participant

Investment mgmt$5K17.0%
Other / not subdivided$22K83.0%

% of EOY assets

0.041%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$307,020

$118,971+158.1%

$112,977+171.8%

$73,488+317.8%

Participation rate

93.3%

83.3%+10.0pp

82.6%+10.8pp

70.7%+22.7pp

Annual return

15.25%

17.79%-2.5pp

24.24%-9.0pp

28.51%-13.3pp

Employer contribution / active EE

$6,990

$4,091+70.9%

$4,255+64.3%

$2,270+207.9%

Participant deferral / active EE

$8,301

$6,133+35.4%

$5,836+42.2%

$3,740+122.0%

Admin fee / account holder

$125

$573-78.1%

$6,294-98.0%

$513-75.6%

Provider

Service type

Compensation

TRAUTMANN MAHER & ASSOCIATES6+ years

Filed as: TRAUTMANN, MAHER & ASSOCIATES, INC.

Service code 15 · EIN 91-1526584

Recordkeeping

$21,914

USI CONSULTING GROUP2 years

Filed as: USI ADVISORS INC.

Service code 26 · EIN 06-1397347

Advisory (Participants)

$4,500

ALASKA POWER & TELEPHONE COMPANY EMPLOYEE STOCK OWNERSHIP & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALASKA POWER & TELEPHONE COMPANY EMPLOYEE STOCK OWNERSHIP & SAVINGS 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