Plan Ledger DOL Form 5500 · updated monthly

Business Jet Center, LTD.401(k)

BUSINESS JET 401(K) SAVINGS PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Business Jet Center, LTD. reported $39,805 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $2,816 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 0.55% to 0.62%. 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 Texas (3,631st of 5,688), and 1,408th of 2,677 in transportation & warehousing. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 143 to 169 since 2022.

Plan summary
Net assets, end of year$6,919,792
Participants with balances182
Active participants169
Employer contributions$475,909
Employee contributions$759,451
Employer contribution per active participant$2,816
Average account balance$38,021
Benefits paid to participants$1,043,704
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 182 accts · $476K emplr
2023$5.9M · 175 accts · $439K emplr
2022$4.9M · 170 accts · $194K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,309
Investment management$31,496
Total administrative$39,805
The Business Jet Center, LTD. 401(k) match · 2024
Employer contribution per active participant$2,816
Median for plans this size$1,313
2024$2,816 per active participant
2023$3,008 per active participant
2022$1,359 per active participant

Business Jet Center, LTD.'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 · 20243
NATIONWIDE · Recordkeeping · Custodial (securities)$11,609
PROACCOUNT · Investment advisory (participants)$31,496
CECILCO · Contract administrator · Pension consulting$7,957

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$39,805 · 0.62%
2023$32,745 · 0.60%
2022$29,169 · 0.55%
Same employer
Similar plansTransportation & Warehousing · Texas
Shippers Warehouse, Inc. TX$7.5M · 1.20%
Hope Leasing TX$7.3M · 0.81%
Able Holdings LLC TX$7.2M · 0.12%
Modern Aviation, Inc. TX$7.0M · 1.08%
Kimrad Transport, LP TX$6.7M · 0.68%
Frontier Tank Lines TX$6.6M · 0.18%
Bbenefits, LLC TX$6.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752691641 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.