Ameriflight, LLC 401(k) Review & Grade
Ameriflight, LLC 401(k) Savings and Retirement Plan
Dallas, TXTransportation & Warehousing511 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$808Employer $ per active participant
$3,831Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$30.4MNet plan assets, end of year
$48,937Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 41th |
| Employee saving | 61th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $63,860 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ameriflight put in about $808 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $412,700 |
| Participant (employee) contributions | $1,957,479 |
| Other contributions (incl. rollovers in) | $86,894 |
| Administrative expenses paid from the plan | $87,948 |
| Other admin expenses | $87,948 |
| Benefits paid out | $4,698,625 |
| Net assets, start / end of year | $29.2M / $30.4M |
| Active participants, start / end of year | 553 / 469 |
| Participants with account balances | 622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $88,998 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014070326NAL0003330032001, received 2025-10-14, EIN 38-3755034, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.