Onesky, LLC 401(k) Review & Grade
Onesky Flight, LLC 401(k) Retirement Savings Plan
Cleveland, OHTransportation & Warehousing3,504 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,166Employer $ per active participant
$10,222Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$502.3MNet plan assets, end of year
$110,645Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 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 | 86th |
| Lower admin cost | 52th |
| Employee saving | 91th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $678 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Onesky put in about $6,166 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 | $21,610,177 |
| Participant (employee) contributions | $35,822,292 |
| Other contributions (incl. rollovers in) | $5,168,797 |
| Administrative expenses paid from the plan | $511,787 |
| Contract administrator fees | $313,049 |
| Investment advisory & management fees | $156,588 |
| Other admin expenses | $42,150 |
| Benefits paid out | $28,375,968 |
| Net assets, start / end of year | $375.7M / $502.3M |
| Active participants, start / end of year | 3,264 / 3,745 |
| Participants with account balances | 4,540 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ciuni Panichi, Inc. |
Largest service providers (Schedule C)
| Voya Retirement Insurance and Annui | $375,336 reported compensation |
| Creative Planning Hold Co, LLC | $100,000 reported compensation |
| Morningstar Investment Management | $70,939 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135704NAL0009591458001, received 2025-10-15, EIN 32-0409140, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.