Plan Ledger DOL Form 5500 · updated monthly

Airbus U.S. Florida 2, LLC 401(K) Plan401(k)

AIRBUS ONEWEB SATELLITES 401(K) PLAN · MERRITT ISLAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.47%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Airbus U.S. Florida 2, LLC 401(K) Plan reported $38,722 in plan administrative expenses for 2024: 0.47% of average plan assets, below the peer median. Employer contributions averaged $3,402 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.09% to 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (1,869th of 3,644), and 9,133rd of 13,661 in manufacturing. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 145 to 178 since 2022.

Plan summary
Net assets, end of year$9,222,016
Participants with balances196
Active participants178
Employer contributions$605,631
Employee contributions$1,354,248
Employer contribution per active participant$3,402
Average account balance$47,051
Benefits paid to participants$1,450,418
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 196 accts · $606K emplr
2023$7.4M · 177 accts · $500K emplr
2022$5.4M · 170 accts · $538K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,974
Investment management$32,748
Total administrative$38,722
The Airbus U.S. Florida 2, LLC 401(K) Plan 401(k) match · 2024
Employer contribution per active participant$3,402
Median for plans this size$1,313
2024$3,402 per active participant
2023$3,087 per active participant
2022$3,709 per active participant

Airbus U.S. Florida 2, LLC 401(K) Plan's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$32,748
ADP, INC. · Loan processing · Recordkeeping$5,973
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Morgan Stanley
2023ADP, Morgan Stanley

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Administrative cost history3
2024$38,722 · 0.47%
2023$30,430 · 0.48%
2022$4,832 · 0.09%
Same employer
Similar plansManufacturing · Florida
Beehive Industries LLC FL$9.6M · 0.27%
Beam Associates, LLC FL$9.4M · 0.41%
Microflex, Inc. FL$9.3M · 0.07%
Badia Spices, Inc. FL$9.2M · 0.33%
Rex Three, Inc. FL$9.2M · 0.58%
Saminco, Inc. FL$9.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810722948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.