Maniilaq Association 401(k) match, vesting and fees
What Maniilaq Association's 401(k) plan says about matching contributions
The Employer makes discretionary profit-sharing contributions between 3% and 5% of a participant’s eligible annual compensation, depending on employment agreements, and required safe harbor nonelective contributions equal to 4% of a participant’s eligible compensation. During the period ended December 31, 2024, the Employer contributed $2,645,350 of discretionary profit-sharing contributions and $1,706,872 of safe harbor nonelective contributions.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 38 ↗ |
| Loans | Participants are permitted to borrow a minimum of $1,000 of their vested benefits under the Plan. Participants may borrow up to a maximum equal to the lesser of 50% of their vested account balance or $50,000, reduced by the highest outstanding loan balance in their account during the prior 12-month period. Loans are secured by the participant’s account and bear an interest rate that commensurate with the local prevailing rates as determined by the Plan Administrator. The notes are repaid ratably through payroll deductions over a period of five years or less, unless used to purchase a principal residence, in which case the terms may exceed five years. These loans are subject to certain restrictions as defined by the Plan Document and applicable restrictions under the Internal Revenue Code (IRC). Also, each participant may not have more than three loans outstanding at any time. | Audit report, p. 39 ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Maniilaq Association: employer contribution per participant | $3,986 | |
| Peer median | $1,358 |
| Maniilaq Association: average balance | $40,144 | |
| Peer median | $44,442 |
| Maniilaq Association: admin expenses ÷ assets | 0.66% | |
| Peer median | 0.21% |
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 $23.5M at the end of plan year 2022 to $43.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,093 | $43.8M | $4.4M | $3,986 | 0.66% | Quoted in the audit report, p. 38 ↗ | Form 5500 ↗ |
| 2023 | 1,023 | $33.4M | $4M | $3,931 | 0.66% | Not published | Form 5500 ↗ |
| 2022 | 966 | $23.5M | $2.9M | $3,301 | 0.58% | Not published | Form 5500 ↗ |
Other Maniilaq Association plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Maniilaq Association Employee 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.
| Independent auditor | Bdo USA, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Maniilaq Association match 401(k) contributions?
The audit report attached to the Maniilaq Association 401(k) Safe Harbor Profit Sharing Plan's plan year 2024 Form 5500, page 38 says: “The Employer makes discretionary profit-sharing contributions between 3% and 5% of a participant’s eligible annual compensation, depending on employment agreements, and required safe harbor nonelective contributions equal to 4% of a participant’s eligible compensation. During the period ended December 31, 2024, the Employer contributed $2,645,350 of discretionary profit-sharing contributions and $1,706,872 of safe harbor nonelective contributions.” Plan terms may have changed; check your current Summary Plan Description.
When is the Maniilaq Association 401(k) match vested?
The vesting schedule for the Maniilaq Association 401(k) Safe Harbor Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Maniilaq Association 401(k)?
The filing names Maniilaq Association as plan administrator; it does not list a recordkeeper.
I left Maniilaq Association. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Maniilaq Association, (907) 442-7589). The Maniilaq Association old 401(k) page lists the contacts from every plan filing. Find an old Maniilaq Association 401(k)
Data from the public Form 5500 annual reports Maniilaq Association 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 Maniilaq Association. Not financial advice. Report a correction · Methodology