Superior Air-Ground Ambulance Service, Inc. 401(k) Review & Grade
Superior Air-Ground Ambulance Service, Inc. Profit Sharing 401(k) Plan
Elmhurst, ILHealth Care & Social Assistance3,268 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$462Employer $ per active participant
$2,537Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$68.1MNet plan assets, end of year
$20,176Average balance per account
Score breakdown
- Employer generosity20.9 / 5042th percentile for employer $ per participant
- Low cost2.1 / 259th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 9th |
| Employee saving | 47th |
| Peers that auto-enroll | 38% |
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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 ($1,823,832 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $25,871 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Superior Air-Ground Ambulance Service put in about $462 per active participant, below the typical peer ($800). 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 (0.66% of assets) are well above similar-size plans (0.12%). 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 | $1,511,042 |
| Participant (employee) contributions | $8,290,815 |
| Other contributions (incl. rollovers in) | $1,738,528 |
| Administrative expenses paid from the plan | $418,595 |
| Contract administrator fees | $418,595 |
| Benefits paid out | $9,252,845 |
| Net assets, start / end of year | $58.5M / $68.1M |
| Active participants, start / end of year | 3,232 / 3,303 |
| Participants with account balances | 3,377 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $418,595 reported compensation |
| Lasalle ST Securities, L.L.C. | $117,504 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144315NAL0006625120001, received 2025-10-15, EIN 36-2688847, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.