Retirement plan
NETJETS AVIATION, INC. 401(K) RETIREMENT PLAN
NETJETS AVIATION, INC.EIN 31-0682096Plan #001PY 2015
4111 BRIDGEWAY AVENUE - COLUMBUS, OH 432191882614-239-5508
Prospect flagsHigh assets / participantCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
LISA CARPENTER
Signed 10/07/2016
Plan administrator entity
NETJETS INC. ADMINISTRATIVE COMMITTEE
EIN 475286518
4111 BRIDGEWAY AVENUE · COLUMBUS, OH 43219
Summary metrics
Total assets (EOY)
$882.3M
-9.7% from 2016
Total participants
3,288
+3.6% from 2016
Average account balance
$281,985
-12.0% from 2016
Annual return
0.07%
-8.95 pp from 2016
Benchmarks
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants1,000-4,999
Cohort232 peers
Snapshot2015
94
Participant deferral / active EE
$16,032
median $1,934
90
Employer contribution / active EE
$7,774
median $917
75
Participation rate
94.7%
median 75.4%
97
Avg account balance
$281,985
median $34,534
37
Admin fee / account holder
$58
median $37
45
Annual return
0.07%
median 0.26%
Overall peer rank
73of 100
73rd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.46B
Average account balance
Total assets / participants with a balance (line 6g)
$546K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,511
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.5%
Contributions (total)
Employer and participant dollars contributed each year
$176.32M
Contributions per participant
Average employer and participant contribution per enrolled participant
$44K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+16.95%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$339
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 11 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NFP RETIREMENT INC.1+ years Service code 28 · EIN 33-0905143 | Investment Management | $62,320 |
Service code 15 · EIN 34-1479833 | Recordkeeping | $33,115 |
401K ADVISORS, INC.1+ years Service code 28 · EIN 33-0905143 | Investment Management | $31,160 |
FROST BROWN TODD LLC1+ years Service code 29 · EIN 61-0722001 | Legal | $18,628 |
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782 | Securities brokerage; Securities brok... | $15,389 |
CAMBRIDGE INVESTMENT RESEARCH1+ years Service code 26 · EIN 20-1665305 | Advisory (Participants) | $12,528 |
SPERO-SMITH INVESTMENT ADVISER1+ years Service code 26 · EIN 34-1421618 | Advisory (Participants) | $12,203 |
TOTAL INVESTMENT MANAGEMENT INC1+ years Service code 26 · EIN 86-0912979 | Advisory (Participants) | $10,484 |
GBQ PARTNERS LLC1+ years Service code 10 · EIN 20-2122306 | Accounting | $8,800 |
Service code 59 | Shareholder Servicing | $0 |
Plan features & details
Pension benefit codes2F2G2J2K2R2T3D3H
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$180K
$60 / participant
- Investment mgmt$119K65.8%
- Other / not subdivided$62K34.2%
% of EOY assets
0.020%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- GBQ PARTNERS, LLC
- Auditor EIN
- 202122306
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer