Plan Ledger DOL Form 5500 · updated monthly

Mobile Air Transport, Inc.401(k)

MOBILE AIR TRANSPORT SAVINGS AND SECURITY PLAN · LATHAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Mobile Air Transport, Inc. reported $13,245 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $822 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 3 years on file its reported administrative ratio has held roughly steady near 0.28%. 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 New York (4,471st of 5,648), and 1,632nd of 2,677 in transportation & warehousing. In 2024, employees put in $2.85 for every $1.00 the employer contributed; active participation has shrunk from 122 to 101 since 2022.

Plan summary
Net assets, end of year$5,027,088
Participants with balances107
Active participants101
Employer contributions$82,989
Employee contributions$236,375
Employer contribution per active participant$822
Average account balance$46,982
Benefits paid to participants$492,212
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 107 accts · $83K emplr
2023$4.5M · 86 accts · $69K emplr
2022$4.0M · 90 accts · $74K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,075
Audit (IQPA)$10,170
Total administrative$13,245
The Mobile Air Transport, Inc. 401(k) match · 2024
Employer contribution per active participant$822
Median for plans this size$1,313
2024$822 per active participant
2023$637 per active participant
2022$607 per active participant

Mobile Air Transport, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$3,075
FUST CHARLES · Accounting / audit$10,170

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$13,245 · 0.28%
2023$11,235 · 0.27%
2022$11,950 · 0.27%
Same employer
Similar plansTransportation & Warehousing · New York
Alpi USA, Inc. NY$5.2M · 0.78%
Fire Island Ferries, Inc. NY$5.1M · 0.03%
Rolling V Bus Corp NY$4.2M · 0.84%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 141565189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.