?>
Logo

THE AKER SOLUTIONS 401(K) SAVINGS PLAN 401k Plan overview

Plan NameTHE AKER SOLUTIONS 401(K) SAVINGS PLAN
Plan identification number 004

THE AKER SOLUTIONS 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

AKER SOLUTIONS INC. has sponsored the creation of one or more 401k plans.

Company Name:AKER SOLUTIONS INC.
Employer identification number (EIN):760423235
NAIC Classification:541330
NAIC Description:Engineering Services

Additional information about AKER SOLUTIONS INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1994-03-01
Company Identification Number: 0009909606
Legal Registered Office Address: 7611 LAKE RD S

MOBILE
United States of America (USA)
36605

More information about AKER SOLUTIONS INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE AKER SOLUTIONS 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01
0042021-01-01
0042020-01-01
0042020-01-01
0042019-01-01
0042015-01-01BRITTANY LOPEZ

Plan Statistics for THE AKER SOLUTIONS 401(K) SAVINGS PLAN

401k plan membership statisitcs for THE AKER SOLUTIONS 401(K) SAVINGS PLAN

Measure Date Value
2022: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,016
Total number of active participants reported on line 7a of the Form 55002022-01-01272
Number of retired or separated participants receiving benefits2022-01-0123
Number of other retired or separated participants entitled to future benefits2022-01-01729
Total of all active and inactive participants2022-01-011,024
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-011,024
Number of participants with account balances2022-01-011,021
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,069
Total number of active participants reported on line 7a of the Form 55002021-01-01230
Number of retired or separated participants receiving benefits2021-01-0124
Number of other retired or separated participants entitled to future benefits2021-01-01761
Total of all active and inactive participants2021-01-011,015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-011,016
Number of participants with account balances2021-01-011,009
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,165
Total number of active participants reported on line 7a of the Form 55002020-01-01232
Number of retired or separated participants receiving benefits2020-01-0125
Number of other retired or separated participants entitled to future benefits2020-01-01812
Total of all active and inactive participants2020-01-011,069
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-011,069
Number of participants with account balances2020-01-011,069
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,321
Total number of active participants reported on line 7a of the Form 55002019-01-01293
Number of retired or separated participants receiving benefits2019-01-0122
Number of other retired or separated participants entitled to future benefits2019-01-01850
Total of all active and inactive participants2019-01-011,165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-011,165
Number of participants with account balances2019-01-011,165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2015: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013,364
Total number of active participants reported on line 7a of the Form 55002015-01-01667
Number of retired or separated participants receiving benefits2015-01-01121
Number of other retired or separated participants entitled to future benefits2015-01-011,068
Total of all active and inactive participants2015-01-011,856
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0118
Total participants2015-01-011,874
Number of participants with account balances2015-01-011,853
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0132

Financial Data on THE AKER SOLUTIONS 401(K) SAVINGS PLAN

Measure Date Value
2022 : THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-18,503,371
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$12,060,150
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$11,911,233
Value of total corrective distributions2022-12-31$207
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,954,365
Value of total assets at end of year2022-12-31$127,379,120
Value of total assets at beginning of year2022-12-31$157,942,641
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$148,710
Total interest from all sources2022-12-31$343,790
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,472,401
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$2,472,401
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,017,692
Participant contributions at end of year2022-12-31$852,837
Participant contributions at beginning of year2022-12-31$957,951
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$554,619
Other income not declared elsewhere2022-12-31$-486
Administrative expenses (other) incurred2022-12-31$4,721
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-30,563,521
Value of net assets at end of year (total assets less liabilities)2022-12-31$127,379,120
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$157,942,641
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$62,313
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$112,496,528
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$145,705,303
Interest on participant loans2022-12-31$43,656
Interest earned on other investments2022-12-31$300,134
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$14,029,755
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$11,279,387
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-25,273,441
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,382,054
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$11,911,233
Contract administrator fees2022-12-31$81,676
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31WEAVER & TIDWELL, LLP
Accountancy firm EIN2022-12-31750786316
2021 : THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$20,406,354
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$12,269,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$12,116,395
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,817,285
Value of total assets at end of year2021-12-31$157,942,641
Value of total assets at beginning of year2021-12-31$149,805,306
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$152,624
Total interest from all sources2021-12-31$305,097
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,401,166
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$2,401,166
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,815,527
Participant contributions at end of year2021-12-31$957,951
Participant contributions at beginning of year2021-12-31$959,181
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$751,203
Other income not declared elsewhere2021-12-31$-239
Administrative expenses (other) incurred2021-12-31$152,624
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$8,137,335
Value of net assets at end of year (total assets less liabilities)2021-12-31$157,942,641
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$149,805,306
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$145,705,303
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$137,782,035
Interest on participant loans2021-12-31$44,526
Interest earned on other investments2021-12-31$260,571
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$11,279,387
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$11,064,090
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$13,883,045
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,250,555
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$12,116,395
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31WEAVER & TIDWELL, LLP
Accountancy firm EIN2021-12-31750786316
2020 : THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$20,650,029
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$15,928,635
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$15,726,820
Expenses. Certain deemed distributions of participant loans2020-12-31$-14,485
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,376,139
Value of total assets at end of year2020-12-31$149,805,306
Value of total assets at beginning of year2020-12-31$145,083,912
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$216,300
Total interest from all sources2020-12-31$318,250
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$2,150,050
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$2,150,050
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,063,452
Participant contributions at end of year2020-12-31$959,181
Participant contributions at beginning of year2020-12-31$1,003,232
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$16,161
Other income not declared elsewhere2020-12-31$49,611
Administrative expenses (other) incurred2020-12-31$216,300
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$4,721,394
Value of net assets at end of year (total assets less liabilities)2020-12-31$149,805,306
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$145,083,912
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$137,782,035
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$136,207,180
Interest on participant loans2020-12-31$54,664
Interest earned on other investments2020-12-31$263,586
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$11,064,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$7,873,500
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$14,755,979
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,296,526
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$15,726,820
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31WEAVER & TIDWELL, LLP
Accountancy firm EIN2020-12-31750786316
2019 : THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$30,286,337
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$24,756,368
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$24,550,177
Expenses. Certain deemed distributions of participant loans2019-12-31$7,825
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$5,007,779
Value of total assets at end of year2019-12-31$145,083,912
Value of total assets at beginning of year2019-12-31$139,553,943
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$198,366
Total interest from all sources2019-12-31$93,156
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$3,240,441
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$3,240,441
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$5,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$2,169,509
Participant contributions at end of year2019-12-31$1,003,232
Participant contributions at beginning of year2019-12-31$1,298,921
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,423,773
Other income not declared elsewhere2019-12-31$16,127
Administrative expenses (other) incurred2019-12-31$198,366
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$5,529,969
Value of net assets at end of year (total assets less liabilities)2019-12-31$145,083,912
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$139,553,943
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$136,207,180
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$130,947,704
Interest on participant loans2019-12-31$59,672
Interest earned on other investments2019-12-31$33,484
Value of interest in common/collective trusts at beginning of year2019-12-31$7,307,318
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$7,873,500
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$21,928,834
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,414,497
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$24,550,177
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WEAVER & TIDWELL, LLP
Accountancy firm EIN2019-12-31750786316
2015 : THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets from this plan2015-12-31$37,818,553
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$96,286
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$59,581
Total income from all sources (including contributions)2015-12-31$12,464,169
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$46,276,473
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$45,965,989
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$12,555,886
Value of total assets at end of year2015-12-31$157,757,492
Value of total assets at beginning of year2015-12-31$229,351,644
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$310,484
Total interest from all sources2015-12-31$110,125
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$4,148,952
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$4,148,952
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$6,988,936
Participant contributions at end of year2015-12-31$2,023,823
Participant contributions at beginning of year2015-12-31$2,570,707
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$314,687
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$137,332
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$109,615
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$117
Administrative expenses (other) incurred2015-12-31$310,484
Liabilities. Value of operating payables at end of year2015-12-31$96,286
Liabilities. Value of operating payables at beginning of year2015-12-31$59,464
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$50,220
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-33,812,304
Value of net assets at end of year (total assets less liabilities)2015-12-31$157,661,206
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$229,292,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$150,030,306
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$162,989,443
Interest on participant loans2015-12-31$110,125
Value of interest in common/collective trusts at end of year2015-12-31$3,890,724
Value of interest in common/collective trusts at beginning of year2015-12-31$61,649,752
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-4,361,903
Net investment gain or loss from common/collective trusts2015-12-31$11,109
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$5,252,263
Employer contributions (assets) at end of year2015-12-31$1,675,307
Employer contributions (assets) at beginning of year2015-12-31$1,981,907
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$45,965,989
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31PANNELL KERR FORSTER OF TEXAS, P.C.
Accountancy firm EIN2015-12-31760356884

Form 5500 Responses for THE AKER SOLUTIONS 401(K) SAVINGS PLAN

2022: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2015: THE AKER SOLUTIONS 401(K) SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number075407
Policy instance 1
Insurance contract or identification number075407
Number of Individuals Covered1024
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number075407
Policy instance 1
Insurance contract or identification number075407
Number of Individuals Covered1016
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number075407
Policy instance 1
Insurance contract or identification number075407
Number of Individuals Covered1069
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number075407
Policy instance 1
Insurance contract or identification number075407
Number of Individuals Covered1165
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3