# Avelo Airlines, INC. 401(k) Plan
Source: https://planprovider.pro/companies/avelo-airlines-inc-401k-plan

> Avelo Airlines, INC.'s 401(k) plan: 1,127 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Avelo Airlines, INC.

- **Sponsor EIN:** 911387913

- **Sponsor Address:** 12 GREENWAY PLAZA, SUITE 400, HOUSTON, TX, 77046

- **Plan Type:** 401(k)

- **Total Participants:** 1,127

- **Total Assets:** $19.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,127|$19.9M|$2.1M|$4.3M|

| 2023|988|$9.4M|$1.5M|$3.1M|

| 2022|558|$4.9M|$843,237|$1.9M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$24,402|—|$24,402|

| HARPER & PEARSON COMPANY, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [HARPER & PEARSON COMPANY, P.C.](https://planprovider.pro/provider/harper-and-pearson-company-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $24,402

- **Estimated Expense Ratio:** 0.122% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$26,419|—|—|—|—|

| 2023|$17,603|—|—|—|—|

| 2022|$18,200|—|$18,200|—|—|

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