Plan Ledger DOL Form 5500 · updated monthly

Envoy Air Inc.401(k)

ENVOY AIR INC. 401(K) PLAN · IRVING, TX · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Envoy Air Inc. reported $1,400,117 in plan administrative expenses for 2024: 0.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $919 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 0.18% to 0.20%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 156th-largest of 5,688 plans among Texas employers on file, and the 57th of 2,677 in transportation & warehousing. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 23,007 to 25,323 since 2022.

Plan summary
Net assets, end of year$744,087,337
Participants with balances13,638
Active participants25,323
Employer contributions$23,277,665
Employee contributions$52,150,934
Employer contribution per active participant$919
Average account balance$54,560
Benefits paid to participants$66,882,106
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$744.1M · 13,638 accts · $23.3M emplr
2023$661.8M · 12,978 accts · $21.4M emplr
2022$574.6M · 12,482 accts · $17.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$624,292
Investment management$755,725
Audit (IQPA)$20,100
Total administrative$1,400,117
The Envoy Air Inc. 401(k) match · 2024
Employer contribution per active participant$919
Median for plans this size$4,294
2024$919 per active participant
2023$870 per active participant
2022$765 per active participant

Envoy Air Inc.'s 2024 employer contribution ran below the $4,294 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 · 20245
EMPOWER ANNUITY INS. CO. OF AMERICA · Recordkeeping · Loan processing$628,172
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$660,925
NFP RETIREMENT INC · Investment advisory (plan)$92,250
CBIZ CPAS P.C. · Accounting / audit$20,100
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$967

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,400,117 · 0.20%
2023$1,233,454 · 0.20%
2022$1,130,473 · 0.18%
Same employer
Similar plansTransportation & Warehousing · Texas
Bnsf Railway Company TX$4.8B · 0.00%
Kirby Corporation TX$850.1M · 0.07%
Plains All American Gp LLC TX$625.2M · 0.05%
Targa Resources LLC TX$612.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382036404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.