Plan Ledger DOL Form 5500 · updated monthly

Airworthy, Inc.401(k)

AIRWORTHY, INC. RETIREMENT PLAN · HUDSON, WI · plan year 2024

Reported admin expense ratio · 2024
1.18%

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

Airworthy, Inc. reported $63,160 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,103 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 1.00% to 1.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Wisconsin (1,536th of 1,936), and 1,503rd of 2,677 in transportation & warehousing. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has grown from 105 to 318 since 2022.

Plan summary
Net assets, end of year$6,042,000
Participants with balances195
Active participants318
Employer contributions$350,817
Employee contributions$649,541
Employer contribution per active participant$1,103
Average account balance$30,985
Benefits paid to participants$419,695
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 195 accts · $351K emplr
2023$4.6M · 190 accts · $267K emplr
2022$3.8M · 153 accts · $188K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,160
Total administrative$63,160
The Airworthy, Inc. 401(k) match · 2024
Employer contribution per active participant$1,103
Median for plans this size$1,313
2024$1,103 per active participant
2023$1,404 per active participant
2022$1,792 per active participant

Airworthy, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20242
MERRILL LYNCH · Investment advisory (participants)$21,285

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$63,160 · 1.18%
2023$44,576 · 1.06%
2022$41,753 · 1.00%
Same employer
Similar plansTransportation & Warehousing · Wisconsin
Wel Companies, Inc. WI$6.7M · 1.00%
Badger Coaches, Inc. WI$6.0M · 0.05%
Cs Logistics Inc. WI$5.8M · 0.01%
Wiseway Motor Freight WI$5.8M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200956407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.