Employers › Rekor Systems
Recordkeeping fees per participant · Rekor Systems, Inc. 401(k) Plan · plan year 2024
$327.28
Higher than 97% of the 7,477 plans $1 to 10M that report it.
= $99,166 / 303
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015152902NAL0004992081001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015152902NAL0004992081001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $1 to 10M 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 2025-10-15.
Administrative expenses excluding investment management, per participant
$327.28
Higher than 92% of the 14,713 plans $1 to 10M that report it.
= $99,166 / 303
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015152902NAL0004992081001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015152902NAL0004992081001, received 2025-10-15
Administrative expenses per participant
$327.28
Higher than 86% of the 15,210 plans $1 to 10M that report it.
= $99,166 / 303
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015152902NAL0004992081001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015152902NAL0004992081001, received 2025-10-15
Administrative expenses as a share of assets
1.069%
Higher than 88% of the 15,243 plans $1 to 10M that report it.
= $99,166 / $9,274,009
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015152902NAL0004992081001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015152902NAL0004992081001, received 2025-10-15
Employer contributions per participant
$2,490
Higher than 85% of the 13,342 plans $1 to 10M that report it.
= $754,353 / 303
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015152902NAL0004992081001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015152902NAL0004992081001, received 2025-10-15
Employer share of total contributions
27.7%
Higher than 46% of the 13,370 plans $1 to 10M that report it.
= $754,353 / $2,718,616
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015152902NAL0004992081001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015152902NAL0004992081001, received 2025-10-15
Vesting
“Employee contributions are fully vested, and matching contributions are subject to a two-year service vesting schedule.”
Form 10-K filed 2026-03-31, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015152902NAL0004992081001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | REKOR SYSTEMS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Plan name | REKOR SYSTEMS, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Sponsor EIN / plan number | 81-5266334 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Sponsor location | COLUMBIA, MD | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Industry (business code) | 541990, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Participants, beginning of year | 315 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Active participants | 240 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Participants, end of year | 317 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Participants with an account balance | 303 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Total assets, beginning of year | $7,225,099 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Total assets, end of year | $9,274,009 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Net assets, end of year | $9,274,009 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Total income | $3,944,694 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Net income | $2,048,910 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Employer contributions | $754,353 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Participant contributions | $1,847,903 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $116,360 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Total contributions | $2,718,616 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Benefit payments | $1,796,618 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $1,895,784 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Total administrative expenses | $99,166 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Recordkeeping fees | $99,166 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Administrative expenses excluding investment management | $99,166 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Held in mutual funds | $9,009,949 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015152902NAL0004992081001, received 2025-10-15 |
| Independent auditor | CITRIN COOPERMAN & COMPANY, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015152902NAL0004992081001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015152902NAL0004992081001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ADPrecordkeeper | RECORD KEEPER | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $45,652 | yes |
| COMMONWEALTH EQUITY SERVICES,INC.recordkeeper | INVESTMENT ADVISOR | 17 Consulting (pension); 21 Trustee (bank, trust company or similar); 49 Other services; 50 Direct payment from the plan; 64 Recordkeeping fees; 99 Other fees | $26,757 | no |
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 20251015152902NAL0004992081001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $7,225,099 | $9,274,009 | 28.4% |
| Participants with a balance | 288 | 303 | 5.2% |
| Administrative expenses | $78,514 | $99,166 | 26.3% |
| Recordkeeping fees per participant | $272.62 | $327.28 | 20.1% |
| Employer contributions | $594,902 | $754,353 | 26.8% |
Prior filing 20241015150024NAL0014903683001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: REKOR SYSTEMS, INC.; SEC registrant: Rekor Systems, Inc. (CIK 1697851, matched by EIN; display name from the Form 10-K cover).