Retirement plan

WESTERN GLOBAL AIRLINES 401(K) PROFIT SHARING PLAN

Name: WESTERN GLOBAL AIRLINES, INC. - WESTERN GLOBAL AIRLINES 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: WESTERN GLOBAL AIRLINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN GLOBAL AIRLINES 401(K) PROFIT SHARING PLAN, WESTERN GLOBAL AIRLINES, INC.

WESTERN GLOBAL AIRLINES, INC.EIN 30-0769265Plan #001PY 2024

9260 ESTERO PARK COMMONS BLVD, SUITE 200 - ESTERO, FL 33928941-907-6810westernglobalairlines.comLinkedIn201-500 employeesairlines/aviation

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.6M

+7.6% from 2023

Total participants

337

+3.7% from 2023

Average account balance

$50,870

+3.0% from 2023

Annual return

12.24%

-7.27 pp from 2023

Benchmarks

See 680 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort680 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.61M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

189

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.

49.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$617

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
PLANNED RETIREMENT CONSULTANTS & AD1 year Filed as: PLANNED RETIREMENT CONSULTANTS & A Service code 27 · EIN 45-4208939	Advisory (Plan)	$24,236
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$22,090
PACE FIDUCIARY SERVICES LLC1 year Filed as: PACE FIDUCIARY SERVICES. LLC. Service code 16 · EIN 82-3334300	Consulting	$18,575
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Service code 27 · EIN 43-1451524	Advisory (Plan)	$17,544
FOUNTAINHEAD CAPITAL MANAGEMENT LLC4 years Service code 27 · EIN 27-4465732	Advisory (Plan)	$16,705
HALLOWELL 401(K) ASSURANCE, LLC1 year Filed as: HALLOWELL 401(K) ASSURANCE, LLC. Service code 10 · EIN 92-1789763	Accounting	$11,000
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,490

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$117K

$402 / participant

Recordkeeping$22K18.9%
Investment mgmt$65K55.7%
Other / not subdivided$30K25.4%

% of EOY assets

1.213%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HALLOWELL 401K ASSURANCE LLC
Auditor EIN: 921789763
Audit fees: $11,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,870

$55,402-8.2%

$76,089-33.1%

$77,714-34.5%

Participation rate

49.0%

63.6%-14.6pp

69.1%-20.1pp

70.6%-21.6pp

Annual return

12.24%

17.09%-4.8pp

360.94%-348.7pp

31.26%-19.0pp

Employer contribution / active EE

$521

$1,789-70.9%

$2,690-80.6%

$2,727-80.9%

Participant deferral / active EE

$5,648

$3,450+63.7%

$4,259+32.6%

$4,649+21.5%

Admin fee / account holder

$617

$410+50.5%

$6,418-90.4%

$433+42.4%

Provider

Service type

Compensation

PLANNED RETIREMENT CONSULTANTS & AD1 year

Filed as: PLANNED RETIREMENT CONSULTANTS & A

Service code 27 · EIN 45-4208939

Advisory (Plan)

$24,236

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$22,090

PACE FIDUCIARY SERVICES LLC1 year

Filed as: PACE FIDUCIARY SERVICES. LLC.

Service code 16 · EIN 82-3334300

Consulting

$18,575

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Service code 27 · EIN 43-1451524

Advisory (Plan)

$17,544

FOUNTAINHEAD CAPITAL MANAGEMENT LLC4 years

Service code 27 · EIN 27-4465732

Advisory (Plan)

$16,705

HALLOWELL 401(K) ASSURANCE, LLC1 year

Filed as: HALLOWELL 401(K) ASSURANCE, LLC.

Service code 10 · EIN 92-1789763

Accounting

$11,000

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,490

WESTERN GLOBAL AIRLINES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN GLOBAL AIRLINES 401(K) PROFIT SHARING 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