Plan Snapshot
- Plan Sponsor: Alaska Central Express, INC.
- Sponsor EIN: 920133124
- Sponsor Address: 5901 LOCKHEED AVENUE, ANCHORAGE, AK, 99502
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 310
- Total Assets: $7.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 310 | $7.9M | $0 | $0 |
| 2024 | 235 | $7.7M | $614,069 | $941,907 |
| 2023 | 213 | $7.9M | $570,661 | $889,447 |
| 2022 | 219 | $6.4M | $532,534 | $858,148 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $25,088 | — | $25,088 |
| RAYMOND JAMES | Investment Advisor | $20,825 | — | $20,825 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $14,752 | — | $14,752 |
| NOVA 401(K) ASSOCIATES | Recordkeeper | — | $13,488 | $13,488 |
| NOVA 401(K) ASSOCIATES | Recordkeeper | $5,601 | $2,975 | $8,576 |
| RAYMOND JAMES FINANCIAL SERVICES | Investment Advisor | — | $6,770 | $6,770 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,499
- Estimated Expense Ratio: 1.130% 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 |
|---|---|---|---|---|---|
| 2025 | $2,686,754 | — | $69,342 | — | — |
| 2024 | $52,100 | — | $52,100 | — | — |
| 2023 | $42,149 | — | $42,149 | — | — |
| 2022 | $30,022 | — | $30,022 | — | — |