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Retirement plan

NETJETS AVIATION, INC. 401(K) RETIREMENT PLAN

NETJETS AVIATION, INC.EIN 31-0682096Plan #001PY 2017
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4111 BRIDGEWAY AVENUE - COLUMBUS, OH 432191882614-239-5508
Prospect flagsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(614) 239-5508
Plan administrator signer
KATIE GAUSEPOHL
Signed 10/15/2018
How to read this page

Summary metrics

Total assets (EOY)
$1203.2M
-9.7% from 2016
Total participants
3,172
+3.6% from 2016
Average account balance
$392,945
-12.0% from 2016
Annual return
20.40%
-8.95 pp from 2016

Benchmarks

See 238 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants1,000-4,999
Cohort238 peers
Snapshot2017
Participant deferral / active EE
$17,032
median $2,080
Employer contribution / active EE
$8,774
median $888
Participation rate
96.2%
median 76.3%
Avg account balance
$392,945
median $40,076
Admin fee / account holder
$76
median $57
Annual return
20.40%
median 17.05%
Overall peer rank
80th 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 16 by compensation
ProviderService typeCompensation
NFP RETIREMENT INC.3+ years
Service code 28 · EIN 33-0905143
Investment Management
$76,750
SCHWAB RETIREMENT PLAN SERVICES INC3+ years
Service code 15 · EIN 34-1479833
Recordkeeping
$37,983
CAMBRIDGE INVESTMENT RESEARCH3+ years
Service code 26 · EIN 20-1665305
Advisory (Participants)
$19,720
FROST BROWN TODD LLC3+ years
Service code 29 · EIN 61-0722001
Legal
$16,139
CHARLES SCHWAB & CO., INC.3+ years
Service code 33 · EIN 94-1737782
Float revenue; Securities brokerage; ...
$14,632
TOTAL INVESTMENT MANAGEMENT INC.1 year
Service code 26 · EIN 86-0912979
Advisory (Participants)
$11,172
GBQ PARTNERS LLC3+ years
Service code 10 · EIN 20-2122306
Accounting
$9,500
HPM PARTNERS1 year
Service code 26 · EIN 27-1180831
Advisory (Participants)
$9,381
RIVERPOINT CAPITAL MANAGEMENT2 years
Service code 26 · EIN 80-0861455
Advisory (Participants)
$7,204
FINANCIAL ENGINES ADVISORS LLC2 years
Service code 26 · EIN 94-3250032
Advisory (Participants)
$6,973

Plan features & details

Pension benefit codes2F2G2J2K2R2T3D3H
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
  • 3H
    Controlled group member
    Plan 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
$233K
$80 / participant
  • Investment mgmt$170K73.1%
  • Other / not subdivided$63K26.9%
% of EOY assets
0.019%
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