Plan Ledger DOL Form 5500 · updated monthly

Jet Midwest, Inc.401(k)

JET MIDWEST, INC. 401(K) PROFIT SHARING PLAN AND TRUST · KANSAS CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Jet Midwest, Inc. reported $22,256 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $2,754 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 0.42% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Missouri (1,061st of 1,393), and 1,566th of 2,677 in transportation & warehousing. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has grown from 127 to 168 since 2022.

Plan summary
Net assets, end of year$5,516,801
Participants with balances196
Active participants168
Employer contributions$462,694
Employee contributions$572,688
Employer contribution per active participant$2,754
Average account balance$28,147
Benefits paid to participants$308,864
Plan auditUnmodified (clean) audit opinion
AuditorJOHN J SAMYN CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 196 accts · $463K emplr
2023$4.1M · 143 accts · $381K emplr
2022$2.7M · 154 accts · $293K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,090
Investment management$18,166
Total administrative$22,256
The Jet Midwest, Inc. 401(k) match · 2024
Employer contribution per active participant$2,754
Median for plans this size$1,313
2024$2,754 per active participant
2023$3,199 per active participant
2022$2,307 per active participant

Jet Midwest, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$4,090
M HOLDINGS SECURITIES · Investment advisory (plan)$18,166

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$22,256 · 0.46%
2023$17,427 · 0.52%
2022$10,866 · 0.42%
Same employer
Similar plansTransportation & Warehousing · Missouri
Opies Transport, Inc. MO$7.7M · 0.59%
Scarbrough Group, Inc. MO$7.6M · 0.62%
Iwx Motor Freight, LLC MO$6.7M · 0.65%
Artur Express Inc. MO$5.6M · 1.48%
Dynamic Transit Company MO$3.7M · 0.13%
Tcsi - Transland, Inc. MO$3.5M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481242343 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.