Arctic Slope Regional Corporation 401(k) Review & Grade
Arctic Slope Regional Corporation and Subsidiaries Employees Retirement Plan
Anchorage, AKProfessional, Scientific & Technical Services15,358 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,558Employer $ per active participant
$5,857Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$110,753Average balance per account
Score breakdown
- Employer generosity21.0 / 5042th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 73th |
| Employee saving | 30th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($100,231 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $50,554 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Arctic Slope Regional put in about $2,558 per active participant, below the typical peer ($2,932). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $39,291,081 |
| Participant (employee) contributions | $89,957,335 |
| Other contributions (incl. rollovers in) | $20,023,745 |
| Administrative expenses paid from the plan | $655,482 |
| Investment advisory & management fees | $63,537 |
| Benefits paid out | $141,427,553 |
| Net assets, start / end of year | $1.3B / $1.5B |
| Active participants, start / end of year | 15,504 / 15,212 |
| Participants with account balances | 13,491 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $655,083 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007180535NAL0002638915001, received 2025-10-07, EIN 92-0044137, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.