Psa Airlines, Inc. 401(k) Review & Grade
Psa Airlines, Inc. 401(k) Savings Plan
Vandalia, OHTransportation & Warehousing6,753 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,831Employer $ per active participant
$3,487Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$242.1MNet plan assets, end of year
$44,886Average balance per account
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 80th |
| Employee saving | 43th |
| Peers that auto-enroll | 46% |
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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
- Psa Airlines put in about $1,831 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.
- 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 | $12,364,585 |
| Participant (employee) contributions | $23,547,734 |
| Other contributions (incl. rollovers in) | $2,030,696 |
| Administrative expenses paid from the plan | $102,073 |
| Investment advisory & management fees | $145,308 |
| Benefits paid out | $15,225,587 |
| Net assets, start / end of year | $190.7M / $242.1M |
| Active participants, start / end of year | 6,353 / 7,153 |
| Participants with account balances | 5,394 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $145,308 reported compensation |
| Fidelity Investments Institutional | −$42,885 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013103653NAL0001119953001, received 2025-10-13, EIN 25-1382555, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.