Sunset Aviation, LLC DBA Solairus Aviation 401(k) Review & Grade
Solairus Aviation 401(k) Plan
Petaluma, CATransportation & Warehousing1,092 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,045Employer $ per active participant
$16,730Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$183.9MNet plan assets, end of year
$147,209Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 42th |
| Employee saving | 99th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,645 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sunset Aviation, LLC DBA Solairus Aviation put in about $11,045 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.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $12,056,146 |
| Participant (employee) contributions | $18,260,359 |
| Other contributions (incl. rollovers in) | $8,428,634 |
| Administrative expenses paid from the plan | $461,377 |
| Investment advisory & management fees | $421,938 |
| Benefits paid out | $13,992,019 |
| Net assets, start / end of year | $138.3M / $183.9M |
| Active participants, start / end of year | 1,056 / 1,127 |
| Participants with account balances | 1,249 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $300,851 reported compensation |
| Perigon Wealth Management, LLC | $129,617 reported compensation |
| Global Retirement Partners LLC | $18,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014184729NAL0001769747001, received 2025-10-14, EIN 80-0319107, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.