Aker Solutions 401(k) match, vesting and fees
What Aker Solutions' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell, L.L.P. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,287 defined-contribution plans in professional, scientific, and technical services with 500 to 999 participants.
| Aker Solutions: employer contribution per participant | $467 | |
| Peer median | $2,600 |
| Aker Solutions: average balance | $155,523 | |
| Peer median | $84,124 |
| Aker Solutions: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.17% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $158M at the end of plan year 2021 to $116M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 755 | $116M | $349K | $467 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 1,009 | $138M | $1.5M | $1,525 | 0.11% | Not published | Form 5500 ↗ |
| 2022 | 1,024 | $127M | $1.4M | $1,354 | 0.10% | Not published | Form 5500 ↗ |
| 2021 | 1,016 | $158M | $1.3M | $1,239 | 0.10% | Not published | Form 5500 ↗ |
Other Aker Solutions plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Kvaerner Consolidated Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Aker Solutions match 401(k) contributions?
The match terms for the The Aker Solutions 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $349K in employer contributions, about $467 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Aker Solutions 401(k) match vested?
The vesting schedule for the The Aker Solutions 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Aker Solutions 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Aker Solutions Inc..
I left Aker Solutions. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Aker Solutions Inc., (713) 685-5700) or the recordkeeper, Empower Annuity Insurance Company O. The Aker Solutions old 401(k) page lists the contacts from every plan filing. Find an old Aker Solutions 401(k)
Data from the public Form 5500 annual reports Aker Solutions filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Aker Solutions. Not financial advice. Report a correction · Methodology