Retirement plan

NETJETS INC. 401(K) PLAN

Name: NETJETS INC. - NETJETS INC. 401(K) PLAN (2018) Form 5500
Creator: NETJETS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NETJETS INC. 401(K) PLAN, NETJETS INC.

NETJETS INC.EIN 51-0383060Plan #001PY 2018

4111 BRIDGEWAY AVENUE - COLUMBUS, OH 43219614-239-5508netjets.comLinkedIn5001-10000 employeesairlines/aviation

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed September 10, 2010

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$363.6M

-9.0% from 2016

Total participants

2,818

-12.6% from 2016

Average account balance

$141,193

+0.2% from 2016

Annual return

-8.35%

-5.96 pp from 2016

Benchmarks

See 241 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort241 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$835.57M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

4,102

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$73.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+18.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 7 by compensation

Provider	Service type	Compensation
WITHUMSMITH+BROWN, PC4+ years Filed as: FROST BROWN TODD LLC Service code 29 · EIN 61-0722001	Legal	$26,808
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: NFB RETIREMENT INC. Service code 28 · EIN 33-0905143	Investment Management	$15,450
CHARLES SCHWAB & CO., INC.4+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$11,928
GBQ PARTNERS4+ years Filed as: GBQ PARTNERS LLC Service code 10 · EIN 20-2122306	Accounting	$9,500
ABOUND WEALTH MANAGEMENT LLC2 years Service code 26 · EIN 81-4120898	Advisory (Participants)	$6,503
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Float revenue; Direct payment from th...	$3,752
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$81K

$37 / participant

Investment mgmt$32K40.1%
Other / not subdivided$48K59.9%

% of EOY assets

0.022%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,193

$57,606+145.1%

$67,313+109.8%

$75,289+87.5%

Participation rate

88.9%

68.2%+20.7pp

69.1%+19.9pp

72.4%+16.5pp

Annual return

-8.35%

-0.47%-7.9pp

-4.08%-4.3pp

-0.04%-8.3pp

Employer contribution / active EE

$5,211

$2,206+136.2%

$2,566+103.1%

$2,405+116.7%

Participant deferral / active EE

$10,772

$3,195+237.2%

$3,568+201.9%

$3,739+188.1%

Admin fee / account holder

$31

$83-62.1%

$4,507-99.3%

$102-69.3%

Provider

Service type

Compensation

WITHUMSMITH+BROWN, PC4+ years

Filed as: FROST BROWN TODD LLC

Service code 29 · EIN 61-0722001

Legal

$26,808

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: NFB RETIREMENT INC.

Service code 28 · EIN 33-0905143

Investment Management

$15,450

CHARLES SCHWAB & CO., INC.4+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$11,928

GBQ PARTNERS4+ years

Filed as: GBQ PARTNERS LLC

Service code 10 · EIN 20-2122306

Accounting

$9,500

ABOUND WEALTH MANAGEMENT LLC2 years

Service code 26 · EIN 81-4120898

Advisory (Participants)

$6,503

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Float revenue; Direct payment from th...

$3,752

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

NETJETS INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NETJETS INC. 401(K) PLAN

Top hat statement on fileNQDC

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