Allegiant Travel Company 401(k) Review & Grade
The Allegiant 401(k) Retirement Plan
Las Vegas, NVTransportation & Warehousing6,288 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,558Employer $ per active participant
$6,208Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$551.4MNet plan assets, end of year
$107,546Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 57th |
| Employee saving | 73th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,731 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Allegiant Travel put in about $4,558 per active participant, more than the typical peer ($1,834). 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 | $28,662,671 |
| Participant (employee) contributions | $39,033,568 |
| Other contributions (incl. rollovers in) | $2,099,767 |
| Administrative expenses paid from the plan | $508,818 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $264,049 |
| Other admin expenses | $25,000 |
| Benefits paid out | $33,978,537 |
| Net assets, start / end of year | $442.6M / $551.4M |
| Active participants, start / end of year | 5,413 / 7,163 |
| Participants with account balances | 5,127 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $264,049 reported compensation |
| Fidelity Investments Institutional | $228,471 reported compensation |
| Merrill Lynch | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015165151NAL0002663379001, received 2025-10-15, EIN 20-4745737, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.