401k Record

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Alaska Power & Telephone 401(k)

Recordkeeping fees per participant · Alaska Power & Telephone Company Employee Stock Ownership & Savings Plan · plan year 2024

$48.89

Higher than 35% of the 5,847 plans $50 to 250M that report it.

Source

= $11,635 / 238
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010153300NAL0004375747001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010153300NAL0004375747001, received 2025-10-10

10th: $10.22median $69.9190th: $151.08

Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.

Cost and contributions

Administrative expenses excluding investment management, per participant

$48.89

10th: $16.21median $93.2090th: $246.84

Higher than 24% of the 8,758 plans $50 to 250M that report it.

Source

= $11,635 / 238
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010153300NAL0004375747001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010153300NAL0004375747001, received 2025-10-10

Administrative expenses per participant

$48.89

10th: $29.39median $132.8490th: $350.58

Higher than 16% of the 9,042 plans $50 to 250M that report it.

Source

= $11,635 / 238
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010153300NAL0004375747001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010153300NAL0004375747001, received 2025-10-10

Administrative expenses as a share of assets

0.020%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 9% of the 9,049 plans $50 to 250M that report it.

Source

= $11,635 / $57,890,506
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010153300NAL0004375747001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010153300NAL0004375747001, received 2025-10-10

Employer contributions per participant

$4,848

10th: $965median $2,73890th: $8,164

Higher than 76% of the 9,105 plans $50 to 250M that report it.

Source

= $1,153,809 / 238
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010153300NAL0004375747001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010153300NAL0004375747001, received 2025-10-10

Employer share of total contributions

43.2%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 82% of the 9,112 plans $50 to 250M that report it.

Source

= $1,153,809 / $2,671,575
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010153300NAL0004375747001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010153300NAL0004375747001, received 2025-10-10

Plan terms, as stated in Alaska Power & Telephone Company's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2T default investment (QDIA) · 3I · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010153300NAL0004375747001, received 2025-10-10

Full record, Alaska Power & Telephone Company Employee Stock Ownership & Savings Plan

FieldValueSource
Plan sponsorALASKA POWER & TELEPHONE COMPANYForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010153300NAL0004375747001, received 2025-10-10
Plan nameALASKA POWER & TELEPHONE COMPANY EMPLOYEE STOCK OWNERSHIP & SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251010153300NAL0004375747001, received 2025-10-10
Sponsor EIN / plan number92-0153693 / 004Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010153300NAL0004375747001, received 2025-10-10
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010153300NAL0004375747001, received 2025-10-10
Sponsor locationCRAIG, AKForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010153300NAL0004375747001, received 2025-10-10
Industry (business code)221100, UtilitiesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010153300NAL0004375747001, received 2025-10-10
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010153300NAL0004375747001, received 2025-10-10
Filing received2025-10-10Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010153300NAL0004375747001, received 2025-10-10
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010153300NAL0004375747001, received 2025-10-10
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251010153300NAL0004375747001, received 2025-10-10
Participants, beginning of year244Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010153300NAL0004375747001, received 2025-10-10
Active participants151Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010153300NAL0004375747001, received 2025-10-10
Participants, end of year252Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010153300NAL0004375747001, received 2025-10-10
Participants with an account balance238Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010153300NAL0004375747001, received 2025-10-10
Total assets, beginning of year$62,433,082Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010153300NAL0004375747001, received 2025-10-10
Total assets, end of year$57,890,506Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010153300NAL0004375747001, received 2025-10-10
Net assets, end of year$57,890,506Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010153300NAL0004375747001, received 2025-10-10
Total income$3,726,685Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010153300NAL0004375747001, received 2025-10-10
Net income$-4,085,249Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010153300NAL0004375747001, received 2025-10-10
Employer contributions$1,153,809Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010153300NAL0004375747001, received 2025-10-10
Participant contributions$1,517,766Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010153300NAL0004375747001, received 2025-10-10
Total contributions$2,671,575Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010153300NAL0004375747001, received 2025-10-10
Benefit payments$7,800,299Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010153300NAL0004375747001, received 2025-10-10
Total expenses (incl. benefit payments)$7,811,934Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010153300NAL0004375747001, received 2025-10-10
Total administrative expenses$11,635Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010153300NAL0004375747001, received 2025-10-10
Recordkeeping fees$11,635Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010153300NAL0004375747001, received 2025-10-10
Administrative expenses excluding investment management$11,635derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010153300NAL0004375747001, received 2025-10-10
Held in common/collective trusts$1,969,776Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010153300NAL0004375747001, received 2025-10-10
Held in mutual funds$21,549,053Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010153300NAL0004375747001, received 2025-10-10
Independent auditorBAKER TILLY USSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010153300NAL0004375747001, received 2025-10-10

Position = column in the DOL layout for form year 2024. Filing 20251010153300NAL0004375747001, received 2025-10-10.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
NWPSrecordkeeperNONE 15 Recordkeeping and information management; 64 Recordkeeping fees; 70 Consulting fees; 37 Participant loan processing; 17 Consulting (pension); 59 Shareholder servicing fees; 65 Account maintenance fees $11,635no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010153300NAL0004375747001, received 2025-10-10.

What changed since the 2023 plan year

Figure20232024Change
Total assets$62,433,082$57,890,506-7.3%
Participants with a balance242238-1.7%
Administrative expenses$13,067$11,635-11.0%
Recordkeeping fees per participant$54.00$48.89-9.5%
Employer contributions$1,116,106$1,153,8093.4%

Prior filing 20241007132830NAL0007620067001, received 2024-10-07; the plan years are contiguous.

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Sponsor name as filed: ALASKA POWER & TELEPHONE COMPANY; SEC registrant: ALASKA POWER & TELEPHONE CO (CIK 3270, matched by EIN).