Plan Snapshot
- Plan Sponsor: Rural Alaska Community Action Program, INC.
- Sponsor EIN: 920033876
- Sponsor Address: 731 EAST 8TH AVENUE, ANCHORAGE, AK, 99501
- Plan Type: 401(k)
- Total Participants: 363
- Total Assets: $16.3M
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 | 363 | $16.3M | $806,303 | $821,591 |
| 2023 | 360 | $14.8M | $913,995 | $699,492 |
| 2022 | 293 | $13.6M | $823,951 | $571,420 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $39,274 | — | $39,274 |
| USI ADVISORS, INC. | Investment Advisor | $32,500 | — | $32,500 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $8,503 | — | $8,503 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,277
- Estimated Expense Ratio: 0.494% 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 | $80,277 | $18,253 | — | — | — |
| 2023 | $41,462 | $7,840 | — | — | — |
| 2022 | $43,893 | $6,957 | — | — | — |