Plan Ledger DOL Form 5500 · updated monthly

Professional Aviation Management, Inc.401(k)

PVG 401(K) RETIREMENT PLAN · DORAL, FL · plan year 2023

Reported admin expense ratio · 2023
0.82%

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

Professional Aviation Management, Inc. reported $52,153 in plan administrative expenses for 2023: 0.82% of average plan assets, higher than ~75% of peers. 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 0.66% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,210th of 3,644), and 1,436th of 2,677 in transportation & warehousing. In 2023, employees put in $5.81 for every $1.00 the employer contributed; active participation has grown from 172 to 204 since 2022.

Plan summary
Net assets, end of year$6,672,529
Participants with balances165
Active participants204
Employer contributions$55,784
Employee contributions$323,940
Employer contribution per active participant$273
Average account balance$40,440
Benefits paid to participants$562,855
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 156 accts · $71K emplr
2023$6.7M · 165 accts · $56K emplr
2022$6.0M · 156 accts · $51K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$44,253
Investment management$7,900
Total administrative$52,153
The Professional Aviation Management, Inc. 401(k) match · 2023
Employer contribution per active participant$273
Median for plans this size$1,308
2024$341 per active participant
2023$273 per active participant
2022$299 per active participant

Professional Aviation Management, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
LINCOLN NATIONAL CORPORATION · Contract administrator$44,253
CARR, RIGGS & INGRAM · Investment advisory (plan)$7,900

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$50,948 · 0.81%
2023$52,153 · 0.82%
2022$41,276 · 0.66%
Similar plansTransportation & Warehousing · Florida
Bedabox, LLC FL$6.3M · 2.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650377360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.