Plan Ledger DOL Form 5500 · updated monthly

Alba Wheels Up International, LLC401(k)

ALBA WHEELS UP INTERNATIONAL, LLC 401(K) PROFIT SHARING PLAN · VALLEY STREAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Alba Wheels Up International, LLC reported $44,101 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,346 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 1 year on file its reported administrative ratio fell from 0.76% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (3,406th of 5,648), and the 1,070th of 2,677 in transportation & warehousing. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has grown from 165 to 296 since 2022.

Plan summary
Net assets, end of year$11,482,094
Participants with balances202
Active participants296
Employer contributions$398,425
Employee contributions$878,606
Employer contribution per active participant$1,346
Average account balance$56,842
Benefits paid to participants$1,574,302
Plan auditUnmodified (clean) audit opinion
AuditorBDG-CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 202 accts · $398K emplr
2023$10.0M · 169 accts · $366K emplr
2022$6.6M · 167 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,101
Total administrative$44,101
The Alba Wheels Up International, LLC 401(k) match · 2024
Employer contribution per active participant$1,346
Median for plans this size$2,416
2024$1,346 per active participant
2023$2,459 per active participant

Alba Wheels Up International, LLC's 2024 employer contribution ran below the $2,416 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 · 20241
JOHN HANCOCK NEW YORK · Recordkeeping$3,853

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

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Administrative cost history3
2024$44,101 · 0.41%
2023$63,168 · 0.76%
2022Not separately reported
All plans at this employer2
ALBA WHEELS UP INTERNATIONAL, LLC 401(K) PROFIT SHARING PLAN401(k)
ALBA WHEELS UP INTERNATIONAL, LLC 401(K) PROFIT SHARING PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 135553334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.