Executive Flight Services, LLC 401(k) Review & Grade
Airshare 401(k) Plan
Overland Park, KSTransportation & Warehousing580 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,075Employer $ per active participant
$12,468Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$38.1MNet plan assets, end of year
$60,652Average balance per account
Score breakdown
- Employer generosity46.7 / 5093th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 24th |
| Employee saving | 98th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($406,074 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $28,596 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Executive Flight Services put in about $5,075 per active participant, more than the typical peer ($1,070). 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.
- Direct plan expenses (0.49% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,940,739 |
| Participant (employee) contributions | $7,224,954 |
| Other contributions (incl. rollovers in) | $12,207,375 |
| Administrative expenses paid from the plan | $133,927 |
| Investment advisory & management fees | $69,105 |
| Benefits paid out | $4,226,593 |
| Net assets, start / end of year | $16.5M / $38.1M |
| Active participants, start / end of year | 595 / 564 |
| Participants with account balances | 628 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pickett, Chaney & Mcmullen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $64,822 reported compensation |
| Capfinancial Partners LLC | $63,820 reported compensation |
| Strategic Advisors, Inc. | $5,285 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122947NAL0009225330001, received 2025-10-15, EIN 45-0486386, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.