Plan Ledger DOL Form 5500 · updated monthly

Phoenix Air Group, Inc.401(k)

PHOENIX AIR GROUP, INC. 401(K) PLAN · CARTERSVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Phoenix Air Group, Inc. reported $57,513 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,687 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 0.22% to 0.23%. 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 725th-largest of 2,160 plans among Georgia employers on file, and the 601st of 2,677 in transportation & warehousing. In 2024, employees put in $3.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,870,815
Participants with balances221
Active participants308
Employer contributions$519,649
Employee contributions$1,789,832
Employer contribution per active participant$1,687
Average account balance$121,587
Benefits paid to participants$2,290,828
Plan auditUnmodified (clean) audit opinion
AuditorREAD, MARTIN & SLICKMAN, CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 221 accts · $520K emplr
2023$23.3M · 226 accts · $514K emplr
2022$19.7M · 222 accts · $488K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,324
Investment management$19,994
Total administrative$57,513
The Phoenix Air Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,687
Median for plans this size$2,416
2024$1,687 per active participant
2023$1,648 per active participant
2022$1,510 per active participant

Phoenix Air Group, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$37,365
INVESTMENT RESEARCH · Investment advisory (plan)$19,994

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

Administrative cost history3
2024$57,513 · 0.23%
2023$54,395 · 0.25%
2022$46,034 · 0.22%
Same employer
Similar plansTransportation & Warehousing · Georgia
Lazer Spot, Inc. GA$46.4M · 0.59%
Epps Air Service, LLC GA$35.5M · 0.27%
Bgdc Distribution LLC GA$18.8M · 0.28%
Precision Heliparts, Inc. GA$17.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581653300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.