Plan Ledger DOL Form 5500 · updated monthly

Exclusive Jets, LLC dba Fly Exclusive401(k)

FLY EXCLUSIVE 401(K) PLAN · KINSTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Exclusive Jets, LLC dba Fly Exclusive reported $44,006 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,910 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 0.12% to 0.30%. 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 780th-largest of 2,005 plans among North Carolina employers on file, and the 800th of 2,677 in transportation & warehousing. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has shrunk from 713 to 641 since 2022.

Plan summary
Net assets, end of year$17,916,173
Participants with balances511
Active participants641
Employer contributions$2,506,372
Employee contributions$4,114,214
Employer contribution per active participant$3,910
Average account balance$35,061
Benefits paid to participants$3,259,754
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 511 accts · $2.5M emplr
2023$11.8M · 474 accts · $910K emplr
2022$6.7M · 440 accts · $406K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,993
Investment management$24,013
Total administrative$44,006
The Exclusive Jets, LLC dba Fly Exclusive 401(k) match · 2024
Employer contribution per active participant$3,910
Median for plans this size$2,416
2024$3,910 per active participant
2023$1,324 per active participant
2022$570 per active participant

Exclusive Jets, LLC dba Fly Exclusive's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
GUARDIAN WEALTH ADVISORS LLC · Investment advisory (plan)$24,011
CAPITAL GROUP RETIREMENT PLAN SVCS · Trustee (directed) · Other services$16,181
FIDELITY INVESTMENTS INST OP CO LLC · Loan processing$3,812

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$44,006 · 0.30%
2023$19,858 · 0.21%
2022$6,982 · 0.12%
Same employer
Similar plansTransportation & Warehousing · North Carolina
Hilco Holdings, Inc. NC$19.7M · 0.64%
Freight Handlers, Inc. NC$18.2M · 0.08%
McNeely Companies NC$17.2M · 0.58%
Hilco Transport, Inc. NC$16.9M · 0.61%
Best Services Group, Inc. NC$16.2M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383928836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.