Plan Ledger DOL Form 5500 · updated monthly

Avelo Airlines, Inc.401(k)

AVELO AIRLINES 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Avelo Airlines, Inc. reported $26,419 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $1,822 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 fell from 0.45% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,024th-largest of 5,688 plans among Texas employers on file, and the 1,891st of 4,246 in wholesale trade. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 558 to 1,127 since 2022.

Plan summary
Net assets, end of year$19,935,559
Participants with balances683
Active participants1,127
Employer contributions$2,053,398
Employee contributions$4,298,958
Employer contribution per active participant$1,822
Average account balance$29,188
Benefits paid to participants$1,822,367
Plan auditUnmodified (clean) audit opinion
AuditorHARPER & PEARSON COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 683 accts · $2.1M emplr
2023$9.4M · 515 accts · $1.5M emplr
2022$4.9M · 325 accts · $843K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,419
Total administrative$26,419
The Avelo Airlines, Inc. 401(k) match · 2024
Employer contribution per active participant$1,822
Median for plans this size$2,416
2024$1,822 per active participant
2023$1,514 per active participant
2022$1,511 per active participant

Avelo Airlines, Inc.'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$24,402

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

Administrative cost history3
2024$26,419 · 0.18%
2023$17,603 · 0.25%
2022$18,200 · 0.45%
Same employer
Similar plansWholesale Trade · Texas
Strategic Materials TX$20.5M · 0.54%
K-Solv, LP TX$20.4M · 0.60%
Mannatech Incorporated TX$19.8M · 0.64%
Tifco Industries, Inc. TX$19.8M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911387913 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.