Plan Snapshot
- Plan Sponsor: Akf Group LLC
- Sponsor EIN: 208152697
- Sponsor Address: ONE LIBERTY PLAZA, NEW YORK, NY, 10006
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 273
- Total Assets: $63.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2023 | 273 | $63.8M | $566,599 | $3.6M |
| 2022 | 284 | $55.0M | $542,089 | $3.4M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY WEALTH MANAGEMENT | Recordkeeper | $68,224 | — | $68,224 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $8,925 | — | $8,925 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY WEALTH MANAGEMENT — Recordkeeper
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,149
- Estimated Expense Ratio: 0.121% 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 |
|---|---|---|---|---|---|
| 2023 | $77,149 | $68,224 | — | — | — |
| 2022 | $95,162 | $69,213 | — | — | — |