Plan Ledger DOL Form 5500 · updated monthly

Mayo Aviation, LLC401(k)

MAYO AVIATION, INC. 401(K) PLAN · ENGLEWOOD, CO · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Mayo Aviation, LLC reported $41,258 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $2,026 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 has held roughly steady near 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Colorado (1,000th of 1,461), and 1,532nd of 2,677 in transportation & warehousing. In 2023, employees put in $3.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,819,843
Participants with balances91
Active participants58
Employer contributions$117,524
Employee contributions$467,922
Employer contribution per active participant$2,026
Average account balance$63,954
Benefits paid to participants$284,106
Plan auditUnmodified (clean) audit opinion
AuditorWEISS & COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$5.8M · 91 accts · $118K emplr
2022$4.8M · 103 accts · $112K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,965
Investment management$20,152
Audit (IQPA)$12,141
Total administrative$41,258
The Mayo Aviation, LLC 401(k) match · 2023
Employer contribution per active participant$2,026
Median for plans this size$1,308
2023$2,026 per active participant
2022$1,957 per active participant

Mayo Aviation, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$8,965
G&S CAPITAL · Investment advisory (plan)$20,152
HANSON & COMPANY CPA'S · Accounting / audit$12,141

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

Administrative cost history2
2023$41,258 · 0.78%
2022$40,887 · 0.74%
Similar plansTransportation & Warehousing · Colorado
Key Lime Air Corporation CO$7.6M · 0.60%
Prime Jet US LLC CO$7.2M · 0.14%
Prime Jet US LLC CO$6.1M · 0.13%
Navajo Shippers, Inc. CO$5.5M · 0.96%
Via Mobility Services CO$5.0M · 0.54%
Cast Transportation, Inc. CO$4.6M · 0.49%
U.S. Transport, Inc. CO$3.5M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840758140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.