Plan Snapshot
- Plan Sponsor: Akumin INC.
- Sponsor EIN: 364793204
- Sponsor Address: 8300 WEST SUNRISE BOULEVARD, PLANTATION, FL, 33322
- Plan Type: 401(k)
- Total Participants: 3,310
- Total Assets: $163.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 3,310 | $163.5M | $2.4M | $13.0M |
| 2023 | 3,106 | $153.4M | $2.0M | $11.3M |
| 2022 | 3,433 | $137.4M | $849,604 | $3.3M |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | $82,887 | — | $82,887 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,887
- Estimated Expense Ratio: 0.051% 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 | $552,118 | $244,250 | — | $82,887 | — |
| 2023 | $417,548 | $200,442 | — | — | — |
| 2022 | $254,493 | $238,231 | $16,262 | — | — |