Plan Ledger DOL Form 5500 · updated monthly

Piedmont Airlines, Inc.401(k)

PIEDMONT AIRLINES INC. EMPLOYEE SAVINGS PLAN · SALISBURY, MD · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Piedmont Airlines, Inc. reported $395,969 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $273 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 0.10% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 75th-largest of 1,671 plans among Maryland employers on file, and the 141st of 2,677 in transportation & warehousing. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 14,678 to 21,826 since 2022.

Plan summary
Net assets, end of year$225,490,175
Participants with balances13,730
Active participants21,826
Employer contributions$5,967,746
Employee contributions$12,325,173
Employer contribution per active participant$273
Average account balance$16,423
Benefits paid to participants$16,292,957
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$225.5M · 13,730 accts · $6.0M emplr
2023$190.9M · 14,438 accts · $4.9M emplr
2022$154.5M · 13,098 accts · $4.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$213,544
Investment management$182,425
Total administrative$395,969
The Piedmont Airlines, Inc. 401(k) match · 2024
Employer contribution per active participant$273
Median for plans this size$3,635
2024$273 per active participant
2023$276 per active participant
2022$320 per active participant

Piedmont Airlines, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$213,544
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$182,425

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$395,969 · 0.19%
2023$346,351 · 0.20%
2022$173,419 · 0.10%
All plans at this employer2
PIEDMONT AIRLINES INC. EMPLOYEE SAVINGS PLAN401(k)
PIEDMONT AIRLINES INC. 401K SAVINGS PLAN FOR PILOTS401(k)
Same employer
Similar plansTransportation & Warehousing · Maryland
The Vane Brothers Company MD$109.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520970090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.