Retirement plan

PHOENIX AIR GROUP, INC 401(K) PLAN

Name: PHOENIX AIR GROUP, INC - PHOENIX AIR GROUP, INC 401(K) PLAN (2020) Form 5500
Creator: PHOENIX AIR GROUP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHOENIX AIR GROUP, INC 401(K) PLAN, PHOENIX AIR GROUP, INC

PHOENIX AIR GROUP, INCEIN 58-1653300Plan #001PY 2020

100 PHOENIX AIR DR SW - CARTERSVILLE, GA 301206896770-387-2000phoenixair.comLinkedIn201-500 employeesaviation & aerospace

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$19.7M

+21.7% from 2019

Total participants

351

+11.8% from 2019

Average account balance

$97,813

+12.0% from 2019

Annual return

17.94%

-4.60 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.87M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

221

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.

63.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 15 · EIN 94-1347393	Recordkeeping	$30,768
IRA GROUP4 years Filed as: IRA GROUP, INC Service code 27 · EIN 58-1989031	Advisory (Plan)	$15,000

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$46K

$142 / participant

Investment mgmt$46K100.0%

% of EOY assets

0.236%

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: READ, MARTIN & SLICKMAN, CPAS, LLP
Auditor EIN: 580606712
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,813

$51,288+90.7%

$81,988+19.3%

$73,412+33.2%

Participation rate

54.0%

64.0%-10.0pp

69.3%-15.3pp

72.2%-18.2pp

Annual return

17.94%

29.48%-11.5pp

41.31%-23.4pp

59.30%-41.4pp

Employer contribution / active EE

$1,159

$1,487-22.1%

$2,498-53.6%

$2,234-48.1%

Participant deferral / active EE

$3,751

$2,715+38.1%

$3,722+0.8%

$3,806-1.4%

Admin fee / account holder

$231

$125+84.1%

$5,665-95.9%

$158+46.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO

Service code 15 · EIN 94-1347393

Recordkeeping

$30,768

IRA GROUP4 years

Filed as: IRA GROUP, INC

Service code 27 · EIN 58-1989031

Advisory (Plan)

$15,000

PHOENIX AIR GROUP, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHOENIX AIR GROUP, INC 401(K) 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