Plan Ledger DOL Form 5500 · updated monthly

Professional Airline Services, Inc.401(k)

PROFESSIONAL AIRLINE SERVICES, INC. 401(K) PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Professional Airline Services, Inc. reported $7,429 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $149 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 0.12% to 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,357th of 3,644), and 1,535th of 2,677 in transportation & warehousing. In 2024, employees put in $4.97 for every $1.00 the employer contributed; active participation has shrunk from 1,197 to 861 since 2022.

Plan summary
Net assets, end of year$5,805,190
Participants with balances265
Active participants861
Employer contributions$127,902
Employee contributions$635,326
Employer contribution per active participant$149
Average account balance$21,906
Benefits paid to participants$454,975
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS AND INGRAM, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 265 accts · $128K emplr
2023$4.9M · 216 accts · $112K emplr
2022$4.1M · 211 accts · $99K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,550
Investment management$2,979
Total administrative$7,429
The Professional Airline Services, Inc. 401(k) match · 2024
Employer contribution per active participant$149
Median for plans this size$1,313
2024$149 per active participant
2023$136 per active participant
2022$83 per active participant

Professional Airline Services, Inc.'s 2024 employer contribution ran below the $1,313 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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$3,251
FERNANDEZ LISSETTEindirect comp

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$7,429 · 0.14%
2023$22,908 · 0.50%
2022$5,423 · 0.12%
Same employer
Similar plansTransportation & Warehousing · Florida
Bedabox, LLC FL$6.3M · 2.33%
Eclipse Advantage, LLC FL$5.7M · 5.07%
Reva Inc. FL$5.3M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650623014 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.