Retirement plan

AIR INDUSTRIES GROUP 401(K) PLAN

Name: AIR INDUSTRIES GROUP - AIR INDUSTRIES GROUP 401(K) PLAN (2024) Form 5500
Creator: AIR INDUSTRIES GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AIR INDUSTRIES GROUP 401(K) PLAN, AIR INDUSTRIES GROUP

AIR INDUSTRIES GROUPEIN 80-0948413Plan #001PY 2024

1460 - 5TH AVENUE - BAY SHORE, NY 11706631-328-7039airindustriesgroup.comLinkedIn201-500 employeesaviation & aerospace

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.9M

+12.2% from 2023

Total participants

221

-12.0% from 2023

Average account balance

$69,724

+32.4% from 2023

Annual return

14.20%

-0.41 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.92M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

128

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.

46.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$625K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$303

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER LIFE & ANNUITY INS Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$33,818
CAMBRIDGE INVESTMENT RESEARCH4 years Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC. Service code 55	Other Commissions	$12,215
ASCENSUS LLC4 years Filed as: ASCENSUS HOLDINGS INC DBA Service code 13 FUTUREPLAN ADMINISTRATIVE · SAN DIEGO, CA 92101	Contract Administrator	$4,910
LEAFHOUSE FINANCIAL ADVISORS, LLC5 years Service code 99 6300 BRIDGE POINT PKWY · AUSTIN, TX 787305097	Other Fees	$4,139
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,798
CAMBRIDGE INVESTMENT RESEARCH5 years Filed as: CAMBRIDGE INVESTMENT RESEARCH INC Service code 55 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$39K

$222 / participant

Contract admin$39K100.0%

% of EOY assets

0.435%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PW PARTNERS
Auditor EIN: 833223563
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,724

$101,672-31.4%

$147,117-52.6%

$74,478-6.4%

Participation rate

46.9%

75.5%-28.7pp

82.2%-35.3pp

67.2%-20.4pp

Annual return

14.20%

8757.83%-8743.6pp

420.54%-406.3pp

1370.56%-1356.4pp

Employer contribution / active EE

$3,813-100.0%

$4,932-100.0%

$2,626-100.0%

Participant deferral / active EE

$3,570

$7,305-51.1%

$8,065-55.7%

$4,350-17.9%

Admin fee / account holder

$303

$1,753-82.7%

$12,993-97.7%

$1,946-84.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER LIFE & ANNUITY INS

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$33,818

CAMBRIDGE INVESTMENT RESEARCH4 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC.

Service code 55

Other Commissions

$12,215

ASCENSUS LLC4 years

Filed as: ASCENSUS HOLDINGS INC DBA

Service code 13

FUTUREPLAN ADMINISTRATIVE · SAN DIEGO, CA 92101

Contract Administrator

$4,910

LEAFHOUSE FINANCIAL ADVISORS, LLC5 years

Service code 99

6300 BRIDGE POINT PKWY · AUSTIN, TX 787305097

Other Fees

$4,139

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,798

CAMBRIDGE INVESTMENT RESEARCH5 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC

Service code 55

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Other Commissions

AIR INDUSTRIES GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AIR INDUSTRIES GROUP 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