Plan Ledger DOL Form 5500 · updated monthly

Piper Aircraft, Inc.401(k)

PIPER AIRCRAFT, INC. RETIREMENT SAVINGS PLAN · VERO BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Piper Aircraft, Inc. reported $226,495 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,724 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 0.17% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 383rd-largest of 3,644 plans among Florida employers on file, and the 2,249th of 13,661 in manufacturing. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has grown from 1,039 to 1,275 since 2022.

Plan summary
Net assets, end of year$79,899,728
Participants with balances1,637
Active participants1,275
Employer contributions$2,197,802
Employee contributions$6,209,378
Employer contribution per active participant$1,724
Average account balance$48,809
Benefits paid to participants$11,941,958
Plan auditUnmodified (clean) audit opinion
AuditorJACOBY AND HANDLEY PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$79.9M · 1,637 accts · $2.2M emplr
2023$74.2M · 1,552 accts · $1.9M emplr
2022$66.4M · 1,326 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$144,228
Investment management$82,267
Total administrative$226,495
The Piper Aircraft, Inc. 401(k) match · 2024
Employer contribution per active participant$1,724
Median for plans this size$3,635
2024$1,724 per active participant
2023$1,521 per active participant
2022$1,412 per active participant

Piper Aircraft, 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 · 20243
JOHN HANCOCK · Investment advisory (plan)$144,228
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$62,487
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$19,780

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$226,495 · 0.29%
2023$171,707 · 0.24%
2022$123,175 · 0.17%
Same employer
Similar plansManufacturing · Florida
Fabsouth, LLC FL$86.7M · 0.25%
Cordis US Corp. FL$85.2M · 0.11%
Faro Technologies, Inc. FL$80.4M · 0.27%
Harrell's, LLC FL$74.7M · 0.23%
Mac Papers, LLC FL$71.8M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232809685 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.