Plan Ledger DOL Form 5500 · updated monthly

Airport Aviation Services401(k)

MGI RETIREMENT & SAVINGS PLAN · SAN JUAN, PR · plan year 2022

Employer contribution per participant · 2022
$58

Airport Aviation Services's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,244,670 across 64 participant accounts, with employer contributions averaging $58 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in PR (277th of 323), and 1,641st of 2,240 in accommodation & food services. In 2022, employees put in $4.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,244,670
Participants with balances64
Active participants388
Employer contributions$22,359
Employee contributions$89,840
Employer contribution per active participant$58
Average account balance$19,448
Benefits paid to participants$76,312
Plan auditUnmodified (clean) audit opinion
AuditorFPV & GALINDEZ LLC
The Airport Aviation Services 401(k) match · 2022
Employer contribution per active participant$58
Median for plans this size$1,114

Airport Aviation Services's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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.

Similar plansAccommodation & Food Services · PR
Cchpr Hospitality LLC PR$2.2M · 0.74%
Fhr Esj Operations LLC PR$1.6M · 1.64%
Marpor Corporation PR$54K · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660346487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.