Plan Ledger DOL Form 5500 · updated monthly

New Pacific Airlines401(k)

NORTHERN PACIFIC AIRWAYS, INC. D/B/A RAVN ALASKA 401(K) PLAN · ANCHORAGE, AK · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

New Pacific Airlines reported $20,119 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $3,824 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 0.13% to 0.16%. 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 among the smaller plans on file in Alaska (89th of 160), and the 958th of 2,677 in transportation & warehousing. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has shrunk from 410 to 223 since 2022.

Plan summary
Net assets, end of year$13,561,090
Participants with balances340
Active participants223
Employer contributions$852,798
Employee contributions$1,816,162
Employer contribution per active participant$3,824
Average account balance$39,886
Benefits paid to participants$2,479,472
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 340 accts · $853K emplr
2023$11.4M · 438 accts · $1.2M emplr
2022$7.9M · 422 accts · $915K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,119
Total administrative$20,119
The New Pacific Airlines 401(k) match · 2024
Employer contribution per active participant$3,824
Median for plans this size$2,416
2024$3,824 per active participant
2023$3,644 per active participant
2022$2,232 per active participant

New Pacific Airlines's 2024 employer contribution ran above 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$20,119

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$20,119 · 0.16%
2023$15,669 · 0.16%
2022$9,892 · 0.13%
Similar plansTransportation & Warehousing · Alaska
Goldbelt, Incorporated AK$79.7M · 0.29%
Tatonduk Outfitters Limited AK$24.0M · 0.35%
Alaska Rent-A-Car, Inc. AK$16.4M · 0.69%
Bering Air, Inc. AK$15.6M · 0.66%
Ryan Air, Inc. AK$7.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920027666 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.