Retirement plan

ENVOY AIR INC. 401(K) PLAN

Name: ENVOY AIR, INC. - ENVOY AIR INC. 401(K) PLAN (2016) Form 5500
Creator: ENVOY AIR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENVOY AIR INC. 401(K) PLAN, ENVOY AIR, INC.

ENVOY AIR, INC.EIN 38-2036404Plan #001PY 2016

4301 REGENT BLVD, MD240 - IRVING, TX 75063972-374-5228envoyair.comLinkedIn10001+ employeesairlines/aviation

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$487.9M

+3.6% from 2016

Total participants

15,804

+17.1% from 2016

Average account balance

$60,285

+1.1% from 2016

Annual return

-2.44%

-1.74 pp from 2016

Benchmarks

See 39 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort39 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$744.09M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

13,638

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.

43.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$269,041
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 15 · EIN 84-0467907	Recordkeeping	$87,731
401(K) ADVISORS INC2+ years Filed as: 401(K) ADVISORS INC. Service code 27 · EIN 33-0905143	Advisory (Plan)	$67,500
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMAN MCCANN, PC Service code 10 · EIN 43-1947695	Accounting	$27,943
NFP RETIREMENT INC2+ years Filed as: NFP RETIREMENT, INC. Service code 27 120 VANTIS · ALISO VIEJO, CA 92656	Advisory (Plan)	$22,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GWFS EQUITIES, INC. Service code 33 · EIN 84-0965407	Other investment fees and expenses; S...	$8,209
MORGAN STANLEY SMITH BARNEY2+ years Filed as: J.P. MORGAN SECURITIES LLC Service code 26 · EIN 13-4110995	Advisory (Participants)	$5,701
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 15	Recordkeeping	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: J.P.MORGAN SECURITIES LLC Service code 59	Shareholder Servicing	$0

Reportable transactions (Schedule G)

5 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H2A3J

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$480K

$34 / participant

Investment mgmt$359K74.7%
Other / not subdivided$121K25.3%

% of EOY assets

0.098%

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: MAYER HOFFMAN MCCANN, PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,285

$93,789-35.7%

$67,836-11.1%

$329,111-81.7%

Participation rate

45.6%

65.9%-20.3pp

68.8%-23.2pp

67.9%-22.3pp

Annual return

-2.44%

17.51%-20.0pp

138.49%-140.9pp

16.35%-18.8pp

Employer contribution / active EE

$795

$3,924-79.7%

$2,404-66.9%

$2,303-65.5%

Participant deferral / active EE

$1,708

$3,663-53.4%

$3,160-46.0%

$3,682-53.6%

Admin fee / account holder

$59

$82-27.5%

$4,621-98.7%

$754-92.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$269,041

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.

Service code 15 · EIN 84-0467907

Recordkeeping

$87,731

401(K) ADVISORS INC2+ years

Filed as: 401(K) ADVISORS INC.

Service code 27 · EIN 33-0905143

Advisory (Plan)

$67,500

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMAN MCCANN, PC

Service code 10 · EIN 43-1947695

Accounting

$27,943

NFP RETIREMENT INC2+ years

Filed as: NFP RETIREMENT, INC.

Service code 27

120 VANTIS · ALISO VIEJO, CA 92656

Advisory (Plan)

$22,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GWFS EQUITIES, INC.

Service code 33 · EIN 84-0965407

Other investment fees and expenses; S...

$8,209

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: J.P. MORGAN SECURITIES LLC

Service code 26 · EIN 13-4110995

Advisory (Participants)

$5,701

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 15

Recordkeeping

MORGAN STANLEY SMITH BARNEY1 year

Filed as: J.P.MORGAN SECURITIES LLC

Service code 59

Shareholder Servicing

ENVOY AIR INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENVOY AIR INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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