Plan Ledger DOL Form 5500 · updated monthly

Virgin Atlantic Airways, LTD.401(k)

VIRGIN ATLANTIC AIRWAYS, LTD. 401(K) RETIREMENT SAVINGS PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Virgin Atlantic Airways, LTD. reported $48,452 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,249 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 0.16% to 0.12%. 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 547th-largest of 2,160 plans among Georgia employers on file, and the 437th of 2,677 in transportation & warehousing. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 85 to 104 since 2022.

Plan summary
Net assets, end of year$40,974,504
Participants with balances274
Active participants104
Employer contributions$441,943
Employee contributions$699,743
Employer contribution per active participant$4,249
Average account balance$149,542
Benefits paid to participants$4,201,592
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.0M · 274 accts · $442K emplr
2023$38.9M · 271 accts · $356K emplr
2022$34.8M · 276 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,428
Investment management$35,024
Total administrative$48,452
The Virgin Atlantic Airways, LTD. 401(k) match · 2024
Employer contribution per active participant$4,249
Median for plans this size$2,416
2024$4,249 per active participant
2023$4,049 per active participant
2022$3,431 per active participant

Virgin Atlantic Airways, LTD.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
401K ADVISORS INC · Recordkeeping · Trustee$35,024
ADP, INC. · Loan processing · Recordkeeping$13,428
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024401K ADVISORS INC, ADP
2023401K ADVISORS INC, CITRIN COOPERMAN & COMPANY, LLP

This plan has changed recordkeepers within these filings. If you left Virgin Atlantic Airways, LTD. 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$48,452 · 0.12%
2023$53,700 · 0.15%
2022$63,823 · 0.16%
Same employer
Similar plansTransportation & Warehousing · Georgia
Tirehub, LLC GA$64.7M · 0.48%
Capstone Logistics, LLC GA$50.3M · 0.93%
Lazer Spot, Inc. GA$46.4M · 0.59%
Epps Air Service, LLC GA$35.5M · 0.27%
Phoenix Air Group, Inc. GA$26.9M · 0.23%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 133213123 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.