Plan Ledger DOL Form 5500 · updated monthly

National Air Cargo, Inc.401(k)

NATIONAL AIR CARGO 401(K) PLAN · ORCHARD PARK, NY · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

National Air Cargo, Inc. reported $93,140 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,351 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 fell from 0.41% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,989th-largest of 5,648 plans among New York employers on file, and the 566th of 2,677 in transportation & warehousing. In 2024, employees put in $2.37 for every $1.00 the employer contributed; active participation has grown from 396 to 593 since 2022.

Plan summary
Net assets, end of year$29,248,926
Participants with balances342
Active participants593
Employer contributions$1,394,273
Employee contributions$3,303,548
Employer contribution per active participant$2,351
Average account balance$85,523
Benefits paid to participants$3,148,140
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.2M · 342 accts · $1.4M emplr
2023$24.1M · 336 accts · $1.1M emplr
2022$17.9M · 288 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,140
Total administrative$93,140
The National Air Cargo, Inc. 401(k) match · 2024
Employer contribution per active participant$2,351
Median for plans this size$2,416
2024$2,351 per active participant
2023$2,296 per active participant
2022$3,043 per active participant

National Air Cargo, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
MERRILL LYNCH · Recordkeeping$39,184
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$25,865
SIGNATURE SECURITIES GROUP · Investment advisory (plan)$28,399

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

Recordkeeper by year2
2024Bank of America / Merrill, John Hancock
2023Bank of America / Merrill, John Hancock

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

Administrative cost history3
2024$93,140 · 0.35%
2023$83,842 · 0.40%
2022$77,637 · 0.41%
Similar plansTransportation & Warehousing · New York
Via Transportation, Inc. NY$31.5M · 0.03%
Janel Corporation NY$30.3M · 0.20%
Leonard's Express, Inc. NY$29.9M · 0.58%
Bren-Tronics, Inc. NY$29.5M · 0.26%
Air Tiger Express USA, Inc. NY$27.7M · 0.27%
Oec Freight New York Inc. NY$26.9M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 721527000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.