Retirement plan

ONESKY FLIGHT, LLC 401(K) RETIREMENT SAVINGS PLAN

Name: ONESKY, LLC - ONESKY FLIGHT, LLC 401(K) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: ONESKY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ONESKY FLIGHT, LLC 401(K) RETIREMENT SAVINGS PLAN, ONESKY, LLC

ONESKY, LLCEIN 32-0409140Plan #001PY 2021

26180 CURTISS WRIGHT PARKWAY - CLEVELAND, OH 441431453216-797-8389

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$326.1M

-22.0% from 2019

Total participants

2,347

-12.8% from 2019

Average account balance

$145,889

-10.1% from 2019

Annual return

16.92%

-27.77 pp from 2019

Benchmarks

See 238 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort238 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$502.33M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

4,540

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+25.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$530,707
LOCKTON INVESTMENT ADVISORS, LLC1 year Service code 99 · EIN 20-8874282	Other Fees	$100,000
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$56,229
CIUNI & PANICHI, INC.1 year Service code 99 25201 CHAGRIN BOULEVARD · CLEVELAND, OH 44122	Other Fees	$14,750

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$602K

$318 / participant

Other / not subdivided$602K100.0%

% of EOY assets

0.185%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CIUNI & PANICHI, INC.
Auditor EIN: 341322309
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,889

$78,339+86.2%

$85,708+70.2%

$93,010+56.9%

Participation rate

94.1%

72.5%+21.6pp

69.9%+24.2pp

73.9%+20.2pp

Annual return

16.92%

21.17%-4.2pp

21.49%-4.6pp

158.70%-141.8pp

Employer contribution / active EE

$5,369

$2,560+109.7%

$2,618+105.1%

$2,705+98.5%

Participant deferral / active EE

$8,828

$3,882+127.4%

$3,922+125.1%

$4,561+93.6%

Admin fee / account holder

$269

$104+159.2%

$6,876-96.1%

$152+77.5%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$530,707

LOCKTON INVESTMENT ADVISORS, LLC1 year

Service code 99 · EIN 20-8874282

Other Fees

$100,000

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$56,229

CIUNI & PANICHI, INC.1 year

Service code 99

25201 CHAGRIN BOULEVARD · CLEVELAND, OH 44122

Other Fees

$14,750

ONESKY FLIGHT, LLC 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ONESKY FLIGHT, LLC 401(K) RETIREMENT SAVINGS 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