Amerijet International, Inc. 401(k) Review & Grade
Amerijet International 401(k) Plan
Miami, FLTransportation & Warehousing722 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,158Employer $ per active participant
$2,032Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$22.6MNet plan assets, end of year
$56,579Average balance per account
Score breakdown
- Employer generosity27.0 / 5054th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 34th |
| Employee saving | 31th |
| Peers that auto-enroll | 37% |
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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
- Amerijet International put in about $1,158 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $836,381 |
| Participant (employee) contributions | $1,466,965 |
| Other contributions (incl. rollovers in) | $45,184 |
| Administrative expenses paid from the plan | $77,881 |
| Contract administrator fees | $47,147 |
| Investment advisory & management fees | $30,734 |
| Benefits paid out | $2,520,764 |
| Net assets, start / end of year | $20.7M / $22.6M |
| Active participants, start / end of year | 766 / 678 |
| Participants with account balances | 400 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Belfint.lyons.shuman |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $47,147 reported compensation |
| M Holdings Securities | $30,734 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251017140651NAL0015484914001, received 2025-10-17, EIN 30-0001551, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.