Plan Ledger DOL Form 5500 · updated monthly

Cape Air/Nantucket Airlines401(k) + ESOP (KSOP)

CAPE AIR/NANTUCKET AIRLINES KSOP RETIREMENT PLAN · HYANNIS, MA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Cape Air/Nantucket Airlines reported $81,951 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $719 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 0.30% to 0.24%. 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 the 899th-largest of 2,726 plans among Massachusetts employers on file, and the 498th of 2,677 in transportation & warehousing. In 2024, employees put in $4.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,914,019
Participants with balances710
Active participants570
Employer contributions$409,683
Employee contributions$1,763,898
Employer contribution per active participant$719
Average account balance$49,175
Benefits paid to participants$4,476,812
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.9M · 710 accts · $410K emplr
2023$32.6M · 660 accts · $535K emplr
2022$28.0M · 827 accts · $567K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,951
Total administrative$81,951
The Cape Air/Nantucket Airlines 401(k) match · 2024
Employer contribution per active participant$719
Median for plans this size$2,416
2024$719 per active participant
2023$1,052 per active participant
2022$898 per active participant

Cape Air/Nantucket Airlines's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$81,951

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$81,951 · 0.24%
2023$90,689 · 0.30%
2022$91,490 · 0.30%
Same employer
Similar plansTransportation & Warehousing · Massachusetts
Tri State Truck Center, LLC MA$32.7M · 0.29%
Lily Transportation Corp. MA$31.1M · 0.24%
Enstructure LLC MA$30.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043005476 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.