The issue is that a true 4-pin fan header that actually uses PWM Mode for controlling fans can NOT control any 3-pin fan. It can only control 4-pin fans. You say all your fans are 3-pin, and the only way to control those is using Voltage Control Mode.
Do not worry about the four output arms of your Akasa splitter that have only 3 pins. They are supposed to be that way. They are all missing only Pin #3, which is the one that connects the speed signal output from each fan to the mobo header. But the header can only handle ONE speed signal, so only ONE output arm of the splitter has its Pin #3 to send that signal back. By the way, I would label that unit a Hub, not a splitter. The difference? A splitter only connects all its fans in parallel to the power supplied by the mobo header, and that is limited to no more than 1.0 amps total load. A Hub, on the other hand, connects all its fans only to the PWM signal it gets from Pin #4 of the mobo; it actually supplies the power for all its fans directly from the PSU output that it plugs into, and that can supply much more amperage than a mobo header can.
Now, to give you a complete answer, we need you to tell us exactly what mobo you have - maker and exact model number. The problem is that many mobo makers have taken to using 4-pin headers that actually operate only in 3-pin Voltage Control Mode, and some do not do that. If we can look up your mobo's manual we can tell you exactly what can be done to power and control all five of your 5-pin fans. By the way - IMPORTANT - when you say you have 5 fans total, is that all of them including the CPU cooler system, or do you have five case ventilation fans PLUS a CPU cooler in addition?