Plan Ledger DOL Form 5500 · updated monthly

Top Flight, Inc.401(k)

TOP FLIGHT EMPLOYEES' 401(K) SAVINGS PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Top Flight, Inc. reported $45,178 in plan administrative expenses for 2024: 0.47% of average plan assets, below the peer median. Employer contributions averaged $1,118 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 has held roughly steady near 0.465%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Tennessee (819th of 1,496), and 8,616th of 13,661 in manufacturing. In 2024, employees put in $3.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,380,864
Participants with balances110
Active participants106
Employer contributions$118,559
Employee contributions$458,350
Employer contribution per active participant$1,118
Average account balance$94,371
Benefits paid to participants$583,343
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 110 accts · $119K emplr
2023$9.0M · 122 accts · $15K emplr
2022$7.5M · 123 accts · $101K emplr
Administrative expenses, itemized · 2024
Investment management$14,448
Total administrative$45,178
The Top Flight, Inc. 401(k) match · 2024
Employer contribution per active participant$1,118
Median for plans this size$1,313
2024$1,118 per active participant
2023$140 per active participant
2022$931 per active participant

Top Flight, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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
STANLEY BENEFIT SERVICES · Custodial (securities) · Trustee$30,905
FUND DIRECT ADVISORS · Investment advisory (plan)$14,448
PRONVEST$8,640

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$45,178 · 0.47%
2023$37,143 · 0.45%
2022$38,516 · 0.47%
Same employer
Similar plansManufacturing · Tennessee
Otics USA, Inc. TN$10.9M · 0.16%
Aluma-Form, Inc. TN$10.8M · 0.41%
Valley Packaging Corp. TN$10.3M · 0.05%
Schwan Cosmetics USA, Inc. TN$10.0M · 0.45%
Tpi Corporation TN$9.9M · 0.60%
Floats and Fuel Cells TN$9.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620119360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.