Retirement plan

SOLAIRUS AVIATION 401(K) PLAN

Name: SUNSET AVIATION, LLC DBA SOLAIRUS AVIATION - SOLAIRUS AVIATION 401(K) PLAN (2024) Form 5500
Creator: SUNSET AVIATION, LLC DBA SOLAIRUS AVIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLAIRUS AVIATION 401(K) PLAN, SUNSET AVIATION, LLC DBA SOLAIRUS AVIATION

SUNSET AVIATION, LLC DBA SOLAIRUS AVIATIONEIN 80-0319107Plan #001PY 2024

201 FIRST STREET SUITE 307 - PETALUMA, CA 94952800-359-7861

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed July 22, 2022

Plan administrator

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201 1st Street, Suite 307

Petaluma, CA 94952

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Plans declared (1)

Plan name not on file1,280 emp

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Total assets (EOY)

$183.9M

+32.9% from 2023

Total participants

1,288

+5.6% from 2023

Average account balance

$147,209

+26.1% from 2023

Annual return

21.11%

-2.38 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$183.86M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

1,249

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+21.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.7 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$300,851
PERIGON WEALTH MANAGEMENT, LLC2 years Service code 28 · EIN 20-1006470	Investment Management	$129,617
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 28 · EIN 47-1411118	Investment Management	$18,750
CERITY PARTNERS1 year Filed as: CERITY PARTNERS LLC Service code 26 · EIN 27-1180831	Advisory (Participants)	$5,492
CHARLES SCHWAB & CO., INC.9 years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Securities brokerage; Direct payment ...	$2,128
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

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

$461K

$409 / participant

Recordkeeping$39K8.5%
Investment mgmt$422K91.5%

% of EOY assets

0.251%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,209

$81,301+81.1%

$76,030+93.6%

$200,096-26.4%

Participation rate

96.5%

70.1%+26.5pp

69.1%+27.5pp

72.0%+24.5pp

Annual return

21.11%

16.31%+4.8pp

361.54%-340.4pp

34.26%-13.1pp

Employer contribution / active EE

$10,698

$3,352+219.1%

$2,688+298.0%

$3,038+252.2%

Participant deferral / active EE

$16,203

$4,721+243.2%

$4,257+280.6%

$5,090+218.3%

Admin fee / account holder

$369

$145+154.7%

$6,421-94.2%

$269+37.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.7 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$300,851

PERIGON WEALTH MANAGEMENT, LLC2 years

Service code 28 · EIN 20-1006470

Investment Management

$129,617

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 28 · EIN 47-1411118

Investment Management

$18,750

CERITY PARTNERS1 year

Filed as: CERITY PARTNERS LLC

Service code 26 · EIN 27-1180831

Advisory (Participants)

$5,492

CHARLES SCHWAB & CO., INC.9 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Securities brokerage; Direct payment ...

$2,128

CHARLES SCHWAB & CO., INC.2 years

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

Service code 59

Shareholder Servicing

SOLAIRUS AVIATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLAIRUS AVIATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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