Plan Snapshot
- Plan Sponsor: Aker Solutions INC.
- Sponsor EIN: 760423235
- Sponsor Address: 11700 KATY FREEWAY SUITE 1350, HOUSTON, TX, 77079
- Plan Type: 401(k)
- Total Participants: 44
- Total Assets: $116.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 44 | $116.2M | $348,533 | $606,899 |
| 2023 | 294 | $137.5M | $1.5M | $2.2M |
| 2022 | 272 | $127.4M | $1.4M | $2.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $82,037 | — | $82,037 |
| ALLIANT INSURANCE SERVICES INC DBA | Investment Advisor | $79,344 | — | $79,344 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $161,381
- Estimated Expense Ratio: 0.139% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $170,767 | $79,835 | $20,720 | — | — |
| 2023 | $150,467 | $62,437 | $87,499 | — | — |
| 2022 | $148,710 | $62,313 | $81,676 | — | — |