Primeflight Aviation Services 401(k) Review & Grade
Primeflight Aviation Services, Inc 401(k) Retirement Plan
Sugar Land, TXTransportation & Warehousing7,914 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$107Employer $ per active participant
$494Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$21.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.2 / 502th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 12th |
| Employee saving | 3th |
| Peers that auto-enroll | 46% |
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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 ($70,944 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $212,602 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Primeflight Aviation Services put in about $107 per active participant, below the typical peer ($1,834). 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 (0.54% of assets) are well above similar-size plans (0.12%). 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 | $844,350 |
| Participant (employee) contributions | $3,907,375 |
| Other contributions (incl. rollovers in) | $2,004,777 |
| Administrative expenses paid from the plan | $99,481 |
| Investment advisory & management fees | $41,027 |
| Benefits paid out | $3,365,831 |
| Net assets, start / end of year | $15.7M / $21.4M |
| Active participants, start / end of year | 7,499 / 8,328 |
| Participants with account balances | 1,389 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Seidel Schroeder |
Largest service providers (Schedule C)
| Adp, Inc. | $58,454 reported compensation |
| Gallagher Benefit Services | $41,027 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010053058NAL0017168850001, received 2025-10-10, EIN 82-2808194, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.