Retirement plan

MAINLINE AVIATION 401(K) PLAN

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

MAINLINE AVIATION LLCEIN 83-2466726Plan #001PY 2024

1700 ENTERPRISE WAY SUITE 101 - MARIETTA, GA 30067404-317-6377mainlineaviation.comLinkedIn501-1000 employeesfood production

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.1M

+43.6% from 2023

Total participants

1,340

+0.3% from 2023

Average account balance

$12,741

+35.3% from 2023

Annual return

14.55%

-18.19 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.10M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

243

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.

16.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$830

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

+14.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 5 by compensation

Provider	Service type	Compensation
ADMIN. GROUP, LLC DBA TAG RESOURCES3+ years Service code 15 · EIN 62-1874769	Recordkeeping	$16,037
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA FIN. LIFE INS. COMPANY Service code 15 · EIN 36-6071399	Recordkeeping	$9,981
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 27 · EIN 36-4291971	Advisory (Plan)	$8,332
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$5,535
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0947998	Bank Trustee	$33

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$40K

$30 / participant

Recordkeeping$10K25.0%
Investment mgmt$14K34.7%
Other trustee fees$330.1%
Contract admin$16K40.2%

% of EOY assets

1.289%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COULTER & JUSTUS
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,741

$31,741-59.9%

$56,025-77.3%

$200,096-93.6%

Participation rate

16.8%

32.3%-15.6pp

52.5%-35.7pp

72.0%-55.3pp

Annual return

14.55%

14.72%-0.2pp

1712.69%-1698.1pp

34.26%-19.7pp

Employer contribution / active EE

$215

$508-57.6%

$1,042-79.4%

$3,038-92.9%

Participant deferral / active EE

$615

$1,184-48.1%

$1,955-68.5%

$5,090-87.9%

Admin fee / account holder

$164

$426-61.5%

$2,828-94.2%

$269-39.0%

Provider

Service type

Compensation

ADMIN. GROUP, LLC DBA TAG RESOURCES3+ years

Service code 15 · EIN 62-1874769

Recordkeeping

$16,037

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA FIN. LIFE INS. COMPANY

Service code 15 · EIN 36-6071399

Recordkeeping

$9,981

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER FIDUCIARY ADVISORS LLC

Service code 27 · EIN 36-4291971

Advisory (Plan)

$8,332

RAYMOND JAMES FINANCIAL SERVICES3+ years

Filed as: RAYMOND JAMES & ASSOCIATES INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$5,535

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0947998

Bank Trustee

$33

MAINLINE AVIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAINLINE AVIATION 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