Plan Ledger DOL Form 5500 · updated monthly

Billings Flying Service, Inc.401(k)

BILLINGS FLYING SERVICE, INC. 401(K) PLAN · BILLINGS, MT · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Billings Flying Service, Inc. reported $15,786 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $2,442 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 3 years on file its reported administrative ratio has held roughly steady near 0.325%. 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 Montana (168th of 229), and 1,571st of 2,677 in transportation & warehousing. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 131 to 173 since 2022.

Plan summary
Net assets, end of year$5,491,637
Participants with balances144
Active participants173
Employer contributions$422,417
Employee contributions$808,284
Employer contribution per active participant$2,442
Average account balance$38,136
Benefits paid to participants$791,951
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 144 accts · $422K emplr
2023$4.2M · 122 accts · $356K emplr
2022$2.8M · 98 accts · $285K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,786
Total administrative$15,786
The Billings Flying Service, Inc. 401(k) match · 2024
Employer contribution per active participant$2,442
Median for plans this size$1,313
2024$2,442 per active participant
2023$2,510 per active participant
2022$2,176 per active participant

Billings Flying Service, Inc.'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 · 20241
DA DAVIDSON & CO · Investment advisory (plan)$15,786

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$15,786 · 0.33%
2023$10,699 · 0.31%
2022$9,464 · 0.33%
Same employer
Similar plansTransportation & Warehousing · Montana
The Waggoners Trucking MT$11.7M · 0.30%
Warren Transport MT$7.5M · 0.73%
Freight Agency, Inc. MT$3.0M · 0.39%
Avmax Montana, Inc. MT$1.8M · 1.06%
Corcoran Trucking, Inc. MT$861K · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810414845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.