National Air Cargo, Inc. 401(k) Review & Grade
National Air Cargo 401(k) Plan
Orchard Park, NYTransportation & Warehousing543 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,568Employer $ per active participant
$6,084Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$29.2MNet plan assets, end of year
$85,523Average balance per account
Score breakdown
- Employer generosity39.9 / 5080th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
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 | 80th |
| Lower admin cost | 35th |
| Employee saving | 82th |
| 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
- National Air Cargo put in about $2,568 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 | $1,394,273 |
| Participant (employee) contributions | $3,303,548 |
| Other contributions (incl. rollovers in) | $303,019 |
| Administrative expenses paid from the plan | $93,140 |
| Contract administrator fees | $93,140 |
| Benefits paid out | $3,148,140 |
| Net assets, start / end of year | $24.1M / $29.2M |
| Active participants, start / end of year | 493 / 593 |
| Participants with account balances | 342 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Merrill Lynch | $39,184 reported compensation |
| Signature Securities Group | $28,399 reported compensation |
| John Hancock Life Insurance Company | $26,122 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121541NAL0009161106001, received 2025-10-15, EIN 72-1527000, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.