Global Crossing Airlines Inc. 401(k) Review & Grade
Global Crossing Airlines Inc. 401(k) Plan
Miami Springs, FLTransportation & Warehousing650 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$630Employer $ per active participant
$3,437Employee $ saved per active participant
1.23%Direct admin cost, % of plan assets
$4.8MNet plan assets, end of year
$6,321Average balance per account
Score breakdown
- Employer generosity16.1 / 5032th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 4th |
| Employee saving | 56th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Global Crossing Airlines put in about $630 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.
- Direct plan expenses (1.23% 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.
- 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 | $409,412 |
| Participant (employee) contributions | $2,232,160 |
| Other contributions (incl. rollovers in) | $247,866 |
| Administrative expenses paid from the plan | $45,109 |
| Investment advisory & management fees | $21,893 |
| Benefits paid out | $943,587 |
| Net assets, start / end of year | $2.5M / $4.8M |
| Active participants, start / end of year | 620 / 679 |
| Participants with account balances | 766 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rosenberg Rich Baker Berman P.A. |
Largest service providers (Schedule C)
| Adp, Inc. | $24,885 reported compensation |
| Resources Investment Advisors, Inc. | $9,698 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172150NAL0002808563001, received 2025-10-15, EIN 83-2108996, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.