The Aleut Corporation 401(k) Review & Grade
The Aleut Corporation 401(k) Retirement Plan
Anchorage, AKManagement of Companies1,038 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,899Employer $ per active participant
$6,707Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$55.5MNet plan assets, end of year
$29,349Average balance per account
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 62th |
| Employee saving | 60th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $2,941 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aleut put in about $3,899 per active participant, more than the typical peer ($2,492). 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 | $4,045,278 |
| Participant (employee) contributions | $6,958,021 |
| Other contributions (incl. rollovers in) | $2,514,141 |
| Administrative expenses paid from the plan | $74,315 |
| Investment advisory & management fees | $62,692 |
| Benefits paid out | $6,099,347 |
| Net assets, start / end of year | $41.2M / $55.5M |
| Active participants, start / end of year | 1,010 / 1,065 |
| Participants with account balances | 1,890 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Swalling and Associates PC |
Largest service providers (Schedule C)
| Pacific Portfolio Consulting LLC | $62,692 reported compensation |
| Fidelity Investments Institutional | $11,623 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922171112NAL0006322848001, received 2025-09-22, EIN 92-0043224, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.