Akima, LLC 401(k) Review & Grade
Akima, LLC 401(k) Plan
Herndon, VAManagement of Companies8,762 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,105Employer $ per active participant
$5,325Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$554.7MNet plan assets, end of year
$46,283Average balance per account
Score breakdown
- Employer generosity22.0 / 5044th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 27th |
| Employee saving | 29th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $79,862 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Akima put in about $3,105 per active participant, below the typical peer ($3,455). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.26% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $27,203,957 |
| Participant (employee) contributions | $46,657,288 |
| Other contributions (incl. rollovers in) | $23,754,680 |
| Administrative expenses paid from the plan | $1,287,896 |
| Contract administrator fees | $225,709 |
| Investment advisory & management fees | $284,304 |
| Other admin expenses | $1,378 |
| Benefits paid out | $66,423,789 |
| Net assets, start / end of year | $434.9M / $554.7M |
| Active participants, start / end of year | 7,338 / 10,186 |
| Participants with account balances | 11,984 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $951,354 reported compensation |
| Global Retirement Partners .00 LLC | $284,304 reported compensation |
| Lincoln Financial Advisors Corporat | $137,088 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015194546NAL0011281138001, received 2025-10-15, EIN 27-0072039, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.