Akrs Equipment Solutions Inc. 401(k) Review & Grade
Akrs Equipment Solutions Inc. 401k Plan
Lincoln, NEWholesale Trade717 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,680Employer $ per active participant
$7,250Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$86.4MNet plan assets, end of year
$111,211Average balance per account
Score breakdown
- Employer generosity34.5 / 5069th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 55th |
| Employee saving | 81th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Akrs Equipment Solutions put in about $2,680 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,921,787 |
| Participant (employee) contributions | $5,198,087 |
| Other contributions (incl. rollovers in) | $902,829 |
| Administrative expenses paid from the plan | $158,378 |
| Investment advisory & management fees | $61,386 |
| Other admin expenses | $8,500 |
| Benefits paid out | $7,718,633 |
| Net assets, start / end of year | $75.5M / $86.4M |
| Active participants, start / end of year | 698 / 736 |
| Participants with account balances | 777 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bland & Associates, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $83,492 reported compensation |
| Global Retirement Partners LLC | $37,819 reported compensation |
| Msec LLC | $19,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826094732NAL0016966130001, received 2025-08-26, EIN 27-0619457, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.