Ukpeagvik Inupiat Corporation 401(k) Review & Grade
Ukpeagvik Inupiat Corporation Employees' Retirement Plan
Anchorage, AKFinance & Insurance3,239 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,843Employer $ per active participant
$4,872Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$211.9MNet plan assets, end of year
$59,169Average balance per account
Score breakdown
- Employer generosity12.1 / 5024th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 37th |
| Employee saving | 11th |
| Peers that auto-enroll | 66% |
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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 ($302 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,286 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ukpeagvik Inupiat put in about $2,843 per active participant, below the typical peer ($4,489). 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $9,208,753 |
| Participant (employee) contributions | $15,781,197 |
| Other contributions (incl. rollovers in) | $5,959,250 |
| Administrative expenses paid from the plan | $370,884 |
| Contract administrator fees | $249,467 |
| Investment advisory & management fees | $95,679 |
| Other admin expenses | $70 |
| Benefits paid out | $32,002,570 |
| Net assets, start / end of year | $188.1M / $211.9M |
| Active participants, start / end of year | 3,063 / 3,415 |
| Participants with account balances | 3,582 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aldrich Cpas + Advisors, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $249,057 reported compensation |
| Ubs Financial Services, Inc. | $95,699 reported compensation |
| Aldrich Cpas and Advisors LLP | $25,725 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807142513NAL0005123520001, received 2025-08-07, EIN 92-0044212, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.