Plan Ledger DOL Form 5500 · updated monthly

Silver Airways Corp.401(k)

SILVER AIRWAYS 401(K) PLAN · HOLLYWOOD, FL · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Silver Airways Corp. reported $82,956 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $957 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 3 years on file its reported administrative ratio rose from 0.62% to 1.07%. 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 1,308th-largest of 3,644 plans among Florida employers on file, and the 868th of 2,677 in transportation & warehousing. In 2024, employees put in $4.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,123,443
Participants with balances703
Active participants496
Employer contributions$474,875
Employee contributions$2,342,716
Employer contribution per active participant$957
Average account balance$22,935
Benefits paid to participants$2,052,256
Plan auditUnmodified (clean) audit opinion
AuditorVERDEJA & ALVAREZ LLP
Plan history4
Yearassets · accounts · employer contribution
2025$9.3M · 416 accts · $189K emplr
2024$16.1M · 703 accts · $475K emplr
2023$13.2M · 715 accts · $458K emplr
2022$10.3M · 622 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,868
Investment management$34,088
Total administrative$82,956
The Silver Airways Corp. 401(k) match · 2024
Employer contribution per active participant$957
Median for plans this size$2,416
2025$5,390 per active participant
2024$957 per active participant
2023$960 per active participant
2022$792 per active participant

Silver Airways Corp.'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$48,868
MERCER INVESTMENT MANAGEMENT INC · Investment advisory (plan)$34,088

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$136,542 · 1.07%
2024$82,956 · 0.57%
2023$70,667 · 0.60%
2022$67,732 · 0.62%
Same employer
Similar plansTransportation & Warehousing · Florida
Sixt Rent a Car, LLC FL$16.3M · 1.73%
Mobro Marine, Inc. FL$14.8M · 0.02%
Sheltair Resources, LLC FL$14.8M · 1.14%
El Al Israel Airlines, LTD. FL$14.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275096766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.