Daher Aircraft, Inc. 401(k) Review & Grade
Daher Aircraft, Inc. 401(k) Plan
Pompano Beach, FLWholesale Trade924 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,209Employer $ per active participant
$2,996Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$16.7MNet plan assets, end of year
$29,526Average balance per account
Score breakdown
- Employer generosity15.6 / 5031th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 14th |
| Employee saving | 23th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($706,344 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $71,713 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Daher Aircraft put in about $1,209 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.67% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,117,455 |
| Participant (employee) contributions | $2,768,480 |
| Other contributions (incl. rollovers in) | $991,328 |
| Administrative expenses paid from the plan | $96,052 |
| Contract administrator fees | $96,052 |
| Benefits paid out | $1,574,363 |
| Net assets, start / end of year | $12.0M / $16.7M |
| Active participants, start / end of year | 914 / 934 |
| Participants with account balances | 567 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $75,792 reported compensation |
| Creative Planning, Inc. | $62,175 reported compensation |
| Professional Benefit Services, Inc | $25,683 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014123226NAL0001381459001, received 2025-10-14, EIN 13-2898620, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.