Old Harbor Native Corporation 401(k) Review & Grade
Old Harbor Profit Sharing 401(k) Plan
Anchorage, AKProfessional, Scientific & Technical Services1,836 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,823Employer $ per active participant
$3,418Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$61.4MNet plan assets, end of year
$40,020Average balance per account
Score breakdown
- Employer generosity15.7 / 5031th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 37th |
| Employee saving | 18th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($34,472 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $976 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Old Harbor Native put in about $1,823 per active participant, below the typical peer ($3,082). 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 | $3,346,355 |
| Participant (employee) contributions | $6,273,105 |
| Other contributions (incl. rollovers in) | $1,487,721 |
| Administrative expenses paid from the plan | $178,539 |
| Investment advisory & management fees | $46,398 |
| Benefits paid out | $7,050,739 |
| Net assets, start / end of year | $45.3M / $61.4M |
| Active participants, start / end of year | 1,467 / 2,204 |
| Participants with account balances | 1,533 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Swalling & Associates PC |
Largest service providers (Schedule C)
| Northwest Investment Consulting Inc | $111,512 reported compensation |
| Ubs Financial Services Inc | $46,398 reported compensation |
| Charles Schwab Trust Bank | $20,539 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122125NAL0004515857001, received 2025-10-15, EIN 92-0045659, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.