Retirement plan

THE AMERISTAR JET CHARTER, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: AMERISTAR JET CHARTER, INC. - THE AMERISTAR JET CHARTER, INC. 401(K) RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: AMERISTAR JET CHARTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE AMERISTAR JET CHARTER, INC. 401(K) RETIREMENT SAVINGS PLAN, AMERISTAR JET CHARTER, INC.

AMERISTAR JET CHARTER, INC.EIN 75-2383956Plan #001PY 2020

4400 GLENN CURTISS DR - ADDISON, TX 75001972-725-9005

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$8.7M

+15.4% from 2019

Total participants

101

-7.3% from 2019

Average account balance

$100,040

+18.1% from 2019

Annual return

22.35%

-1.80 pp from 2019

Benchmarks

See 3,735 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,735 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.09M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

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.

102.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$643K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+21.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12142

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 27 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Plan)	$48,953
NOVA 401(K) ASSOCIATES3 years Service code 64 · EIN 20-1181458 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092	Recordkeeping Fees	$7,138
THE O.N. EQUITY SALES COMPANY3 years Filed as: THE O.N. EQUITY SALES CO Service code 27 P.O. BOX 371 · CINCINNATI, OH 45201	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$58K

$865 / participant

Contract admin$58K100.0%

% of EOY assets

0.666%

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: TURNER, STONE & COMPANY, L.L.P.
Auditor EIN: 752608885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,040

$59,839+67.2%

$81,988+22.0%

$79,858+25.3%

Participation rate

79.1%

61.6%+17.5pp

69.3%+9.9pp

69.6%+9.5pp

Annual return

22.35%

17.56%+4.8pp

41.31%-19.0pp

31.72%-9.4pp

Employer contribution / active EE

$458

$1,713-73.3%

$2,498-81.7%

$2,471-81.5%

Participant deferral / active EE

$4,955

$2,695+83.8%

$3,722+33.1%

$3,740+32.5%

Admin fee / account holder

$666

$4,287-84.5%

$5,665-88.2%

$5,306-87.5%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 27

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Plan)

$48,953

NOVA 401(K) ASSOCIATES3 years

Service code 64 · EIN 20-1181458

10777 NORTHWEST FREEWAY · HOUSTON, TX 77092

Recordkeeping Fees

$7,138

THE O.N. EQUITY SALES COMPANY3 years

Filed as: THE O.N. EQUITY SALES CO

Service code 27

P.O. BOX 371 · CINCINNATI, OH 45201

Advisory (Plan)

THE AMERISTAR JET CHARTER, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE AMERISTAR JET CHARTER, INC. 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