Galvin Flight Training LLC401(k)
GALVIN FLIGHT TRAINING LLC 401(K) PROFIT SHARING PLAN & TRU · SEATTLE, WA · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Galvin Flight Training LLC reported $8,600 in plan administrative expenses for 2023: 1.39% of average plan assets, above the peer median. Employer contributions averaged $594 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 1 year on file its reported administrative ratio fell from 1.71% to 1.39%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Washington (1,656th of 1,714), and 2,363rd of 2,677 in transportation & warehousing. In 2023, employees put in $2.52 for every $1.00 the employer contributed.
Galvin Flight Training LLC's 2023 employer contribution ran above the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 472804274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.