Air Group, LLC 401(k) Review & Grade
Air Group, LLC 401(k) Profit Sharing Plan
Whippany, NJConstruction522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,908Employer $ per active participant
$4,703Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$38.2MNet plan assets, end of year
$106,419Average balance per account
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 94th |
| Employee saving | 58th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Air Group put in about $1,908 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $995,129 |
| Participant (employee) contributions | $2,452,774 |
| Other contributions (incl. rollovers in) | $185,785 |
| Administrative expenses paid from the plan | $8,780 |
| Benefits paid out | $1,936,016 |
| Net assets, start / end of year | $32.3M / $38.2M |
| Active participants, start / end of year | 511 / 532 |
| Participants with account balances | 359 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Co LLP |
Largest service providers (Schedule C)
| Transamerica Life Insurance Company | $8,780 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009094613NAL0006782305002, received 2025-10-09, EIN 22-3620908, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.