Midwest Air Traffic Control Service, Inc. 401(k) Review & Grade
Midwest Atc Service 401(k) & Pension Plan
Overland Park, KSTransportation & Warehousing533 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,313Employer $ per active participant
$3,718Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$55.6MNet plan assets, end of year
$73,746Average balance per account
Score breakdown
- Employer generosity48.2 / 5096th percentile for employer $ per participant
- Low cost8.9 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 35th |
| Employee saving | 60th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,834 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Midwest Air Traffic Control Service put in about $6,313 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 (0.35% 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.
- 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 | $3,364,705 |
| Participant (employee) contributions | $1,981,930 |
| Other contributions (incl. rollovers in) | $25,039 |
| Administrative expenses paid from the plan | $190,649 |
| Contract administrator fees | $24,299 |
| Benefits paid out | $9,476,457 |
| Net assets, start / end of year | $54.2M / $55.6M |
| Active participants, start / end of year | 545 / 521 |
| Participants with account balances | 754 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hood & Asspcoates Cpa's |
Largest service providers (Schedule C)
| Transamerica Life Insurance Company | $166,350 reported compensation |
| Midwest Atc Service Inc | $24,299 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731105336NAL0005146481001, received 2025-07-31, EIN 48-0872931, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.