Air T, Inc. 401(k) Review & Grade
Air T, Inc. 401(k) Retirement Plan
Charlotte, NCTransportation & Warehousing545 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,544Employer $ per active participant
$5,562Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$32.5MNet plan assets, end of year
$65,720Average balance per account
Score breakdown
- Employer generosity31.2 / 5062th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 42th |
| Employee saving | 79th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,641 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Air T put in about $1,544 per active participant, more than the typical peer ($1,070). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $841,289 |
| Participant (employee) contributions | $3,031,051 |
| Other contributions (incl. rollovers in) | $333,870 |
| Administrative expenses paid from the plan | $86,703 |
| Investment advisory & management fees | $59,413 |
| Benefits paid out | $4,585,773 |
| Net assets, start / end of year | $28.4M / $32.5M |
| Active participants, start / end of year | 545 / 545 |
| Participants with account balances | 495 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Greer Walker |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $49,366 reported compensation |
| Empower Annuity Insurance Company O | $27,290 reported compensation |
| Resources Investment Advisors, LLC | $10,047 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825143925NAL0013833360001, received 2025-08-25, EIN 52-1206400, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.