Kvaerner Consolidated Retirement Plan — Form 5500 plan (Aker Solutions Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Kvaerner Consolidated Retirement Plan is a benefit plan reported by Aker Solutions Inc. under EIN 76-0423235 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,608 participants and $29,727,233 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Aker Solutions Inc.
EIN
76-0423235
Plan number
003
Plan type
3
Location
Houston, TX
Latest filing year
2023
Participants
1,608
End-of-year plan assets
$29,727,233

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,608H, C20241015102012NAL0029234961001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$29,727,233
Total liabilities (EOY)
$0
Net assets (EOY)
$29,727,233
Net assets (BOY)
$30,758,684

Income & contributions

Employer contributions
$975,000
Total contributions
$975,000
Total income / additions
$3,221,036

Expenses & distributions

Benefits paid
$3,644,731
Administrative expenses
$607,756
Total expenses
$4,252,487
Net increase / (decrease)
-$1,031,451

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance CompanyNONE$80,908$02023
Jp Morgan ChaseNONE$41,994not reported in the loaded dataset2023
Gary A Nagler PllcNONE$18,090not reported in the loaded dataset2023
Pannell Kerr Forster Of Texas PcNONE$16,036$02023
Mpc Capital Advisors LLCNONE$11,250not reported in the loaded dataset2023
Citibank NaNONE$9,947$02023
Western Asset Management CompanyNONE$5,089not reported in the loaded dataset2023

Related Form 5500 pages