Duncan Aviation, Inc. 401(k) Review & Grade
Duncan Aviation, Inc. 401(k) Retirement Plan
Lincoln, NEOther Services2,950 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,320Employer $ per active participant
$7,691Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$446.1MNet plan assets, end of year
$128,035Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 55th |
| Employee saving | 88th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Corrective distributions: the plan refunded $19 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Duncan Aviation put in about $2,320 per active participant, more than the typical peer ($1,132). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $6,843,348 |
| Participant (employee) contributions | $22,684,461 |
| Other contributions (incl. rollovers in) | $1,150,299 |
| Administrative expenses paid from the plan | $444,545 |
| Contract administrator fees | $317,644 |
| Investment advisory & management fees | $110,601 |
| Benefits paid out | $34,575,920 |
| Net assets, start / end of year | $388.8M / $446.1M |
| Active participants, start / end of year | 2,914 / 2,985 |
| Participants with account balances | 3,484 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| John Hancock | $338,245 reported compensation |
| Da Davidson | $90,000 reported compensation |
| Forvis LLP | $16,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926155537NAL0004086979001, received 2025-09-26, EIN 47-0461109, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.