Plan Snapshot
- Plan Sponsor: Koniag, Incorporated
- Sponsor EIN: 920042743
- Sponsor Address: 3800 CENTERPOINT DRIVE, SUITE 502, ANCHORAGE, AK, 99503
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 489
- Total Assets: $403,603
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 489 | $403,603 | $153,959 | $0 |
| 2023 | 399 | $316,797 | $101,743 | $0 |
| 2022 | 365 | $277,813 | $154,518 | $0 |
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 |
|---|---|---|---|---|
| FRINGE BENEFIT GROUP | Recordkeeper | $35,884 | — | $35,884 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,884
- Estimated Expense Ratio: 8.891% 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 | $35,884 | — | $35,884 | — | — |
| 2023 | $29,641 | — | $29,641 | — | — |
| 2022 | $22,015 | — | — | — | $22,015 |