Corporate Flight Management, Inc. 401(k) Review & Grade
Corporate Flight Management, Inc. 401(k) Plan
Smyrna, TNTransportation & Warehousing654 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,416Employer $ per active participant
$2,085Employee $ saved per active participant
0.95%Direct admin cost, % of plan assets
$9.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 7th |
| 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
- Corporate Flight Management put in about $1,416 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 (0.95% 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 | $926,968 |
| Participant (employee) contributions | $1,364,660 |
| Other contributions (incl. rollovers in) | $77,065 |
| Administrative expenses paid from the plan | $83,760 |
| Benefits paid out | $1,475,100 |
| Net assets, start / end of year | $7.9M / $9.7M |
| Active participants, start / end of year | 621 / 688 |
| Participants with account balances | 308 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Nail Mckinney, PA |
Largest service providers (Schedule C)
| Renasant Bank | $74,524 reported compensation |
| Epic Retirement Plan Services, Inc. | $8,829 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015083355NAL0008673826003, received 2025-10-15, EIN 62-1148507, plan #101, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.