Plan Ledger DOL Form 5500 · updated monthly

Kitty Hawk Corporation401(k)

KITTY HAWK CORP. 401(K) PLAN · PALO ALTO, CA · plan year 2022

Reported admin expense ratio · 2022
0.14%

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

Kitty Hawk Corporation reported $25,530 in plan administrative expenses for 2022: 0.14% of average plan assets, below the peer median. Employer contributions averaged $322,956 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 rose from 0.14% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is the 4,218th-largest of 9,483 plans among California employers on file, and 6,334th of 11,654 in professional & technical services. In 2022, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,059,033
Participants with balances193
Active participants2
Employer contributions$645,911
Employee contributions$1,768,590
Employer contribution per active participant$322,956
Average account balance$83,207
Benefits paid to participants$3,313,708
Plan auditUnmodified (clean) audit opinion
AuditorBHLF LLP
Plan history2
Yearassets · accounts · employer contribution
2023$23K
2022$16.1M · 193 accts · $646K emplr
The Kitty Hawk Corporation 401(k) match · 2022
Employer contribution per active participant$322,956
Median for plans this size$2,266

Kitty Hawk Corporation's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$28,596 · 0.36%
2022$25,530 · 0.14%
Similar plansProfessional & Technical Services · California
Hanwha Q Cells USA Corp. CA$16.2M · 0.24%
Symvionics, Inc. CA$16.1M · 0.03%
Policylink CA$16.1M · 0.06%
Rancho Research Institute CA$16.1M · 0.30%
Tekion Corp CA$16.0M · 0.11%
Code for America Labs, Inc. CA$16.0M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272162800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.