Retirement plan

NEW WORLD AVIATION, INC 401K PLAN

Name: NEW WORLD AVIATION, INC - NEW WORLD AVIATION, INC 401K PLAN (2021) Form 5500
Creator: NEW WORLD AVIATION, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW WORLD AVIATION, INC 401K PLAN, NEW WORLD AVIATION, INC

NEW WORLD AVIATION, INCEIN 22-3562891Plan #001PY 2021

987 POSTAL ROAD - ALLENTOWN, PA 18109610-231-9555newworldaviation.comLinkedIn11-50 employeesairlines/aviation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+2.5% from 2020

Total participants

+21.1% from 2020

Average account balance

$64,809

-13.3% from 2020

Annual return

21.54%

+14.45 pp from 2020

Benchmarks

See 3,885 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,885 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.61M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$61K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$733K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.10%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$6495

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$629K

$17462 / participant

Other / not subdivided$629K100.0%

% of EOY assets

24.871%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,809

$62,592+3.5%

$85,709-24.4%

$85,847-24.5%

Participation rate

80.6%

61.1%+19.4pp

69.9%+10.7pp

69.3%+11.2pp

Annual return

21.54%

23.77%-2.2pp

21.49%+0.1pp

318.61%-297.1pp

Employer contribution / active EE

$1,755-100.0%

$2,619-100.0%

$2,565-100.0%

Participant deferral / active EE

$4,400

$2,802+57.0%

$3,924+12.1%

$3,952+11.3%

Admin fee / account holder

$16,119

$4,643+247.2%

$6,876+134.4%

$6,261+157.5%

NEW WORLD AVIATION, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW WORLD AVIATION, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion