Plan Ledger DOL Form 5500 · updated monthly

Primeflight Aviation Services401(k)

PRIMEFLIGHT AVIATION SERVICES, INC 401(K) RETIREMENT PLAN · SUGAR LAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Primeflight Aviation Services reported $99,481 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $101 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 0.65% to 0.54%. 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 1,936th-largest of 5,688 plans among Texas employers on file, and the 707th of 2,677 in transportation & warehousing. In 2024, employees put in $4.63 for every $1.00 the employer contributed; active participation has grown from 5,551 to 8,328 since 2022.

Plan summary
Net assets, end of year$21,388,669
Participants with balances1,389
Active participants8,328
Employer contributions$844,350
Employee contributions$3,907,375
Employer contribution per active participant$101
Average account balance$15,399
Benefits paid to participants$3,365,831
Plan auditUnmodified (clean) audit opinion
AuditorSEIDEL SCHROEDER
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 1,389 accts · $844K emplr
2023$15.7M · 1,076 accts · $676K emplr
2022$12.1M · 982 accts · $282K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,454
Investment management$41,027
Total administrative$99,481
The Primeflight Aviation Services 401(k) match · 2024
Employer contribution per active participant$101
Median for plans this size$2,416
2024$101 per active participant
2023$113 per active participant
2022$51 per active participant

Primeflight Aviation Services's 2024 employer contribution ran below the $2,416 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
ADP, INC. · Loan processing · Recordkeeping$58,454
GALLAGHER BENEFIT SERVICES · Recordkeeping · Trustee$41,027

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, GALLAGHER BENEFIT SERVICES
2023ADP, GALLAGHER BENEFIT SERVICES, KESTRA ADVISORY SERVICES

This plan has changed recordkeepers within these filings. If you left Primeflight Aviation Services before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$99,481 · 0.54%
2023$68,873 · 0.50%
2022$85,558 · 0.65%
Same employer
Similar plansTransportation & Warehousing · Texas
Fracht Fwo Inc. TX$23.1M · 0.12%
W&B Service Company, L.P. TX$22.8M · 0.49%
Alan Ritchey, Inc. TX$21.7M · 0.26%
Excelerate Energy LP TX$20.9M · 0.02%
Signet Maritime Corporation TX$20.8M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822808194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.