Plan Snapshot
- Plan Sponsor: Elevate Aviation Group LLC
- Sponsor EIN: 921188000
- Sponsor Address: 1111 LINCOLN RD STE 500, MIAMI BEACH, FL, 331392439
- Plan Type: 401(k)
- Total Participants: 124
- Total Assets: $7.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 124 | $7.1M | $613,909 | $960,514 |
| 2023 | 161 | $5.7M | $679,980 | $1.1M |
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 |
|---|---|---|---|---|
| USI SECURITIES INC. | Investment Advisor | $16,168 | — | $16,168 |
| PAYCHEX, INC. | Recordkeeper | $14,858 | — | $14,858 |
| CETERA INVESTMENT ADVISERS LLC | Investment Advisor | $14,200 | — | $14,200 |
| ERISA FIDUCIARY SERVICES, INC. | Recordkeeper | $5,955 | — | $5,955 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,181
- Estimated Expense Ratio: 0.724% 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 | $51,583 | $30,770 | $20,813 | — | — |
| 2023 | $50,111 | $23,551 | $26,560 | — | — |