Plan Ledger DOL Form 5500 · updated monthly

El Al Israel Airlines, LTD.401(k)

EL AL ISRAEL AIRLINES, LTD. EMPLOYEES' SAVINGS PLAN · MARGATE, FL · plan year 2023

Reported admin expense ratio · 2023
0.34%

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

El Al Israel Airlines, LTD. reported $47,385 in plan administrative expenses for 2023: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,416 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 0.58% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,405th-largest of 3,644 plans among Florida employers on file, and the 928th of 2,677 in transportation & warehousing. In 2023, employees put in $4.71 for every $1.00 the employer contributed; active participation has grown from 55 to 62 since 2022.

Plan summary
Net assets, end of year$14,379,225
Participants with balances149
Active participants62
Employer contributions$87,809
Employee contributions$413,629
Employer contribution per active participant$1,416
Average account balance$96,505
Benefits paid to participants$1,687,668
Plan auditUnmodified (clean) audit opinion
AuditorHOBERMAN & LESSER CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 136 accts · $126K emplr
2023$14.4M · 149 accts · $88K emplr
2022$13.9M · 147 accts · $46K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,306
Investment management$28,081
Audit (IQPA)$14,998
Total administrative$47,385
The El Al Israel Airlines, LTD. 401(k) match · 2023
Employer contribution per active participant$1,416
Median for plans this size$2,440
2024$2,072 per active participant
2023$1,416 per active participant
2022$844 per active participant

El Al Israel Airlines, LTD.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$55,259
EL AL ISRAEL AIRLINES · Accounting / audit$28,500
RAYMOND JAMES AND ASSOCI · Investment advisory (plan)$20,945

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$76,271 · 0.54%
2023$47,385 · 0.34%
2022$94,705 · 0.58%
Similar plansTransportation & Warehousing · Florida
Silver Airways Corp. FL$16.1M · 0.57%
Mobro Marine, Inc. FL$14.8M · 0.02%
Sheltair Resources, LLC FL$14.8M · 1.14%
Allstates Worldcargo, Inc. FL$13.0M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131626747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.