Plan Snapshot
- Plan Sponsor: Envoy Air INC.
- Sponsor EIN: 382036404
- Sponsor Address: 4301 REGENT BLVD., IRVING, TX, 75063
- Plan Type: 401(k)
- Total Participants: 25,323
- Total Assets: $744.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 25,323 | $744.1M | $23.3M | $52.2M |
| 2023 | 24,587 | $661.8M | $21.4M | $48.3M |
| 2022 | 23,007 | $574.6M | $17.6M | $43.4M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | $660,925 | — | $660,925 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | NONE | $628,172 | — | $628,172 |
| NFP RETIREMENT INC | NONE | $92,250 | — | $92,250 |
| CBIZ CPAS P.C. | NONE | $20,100 | — | $20,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,401,447
- Estimated Expense Ratio: 0.188% 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 | $1,400,117 | $755,725 | — | $20,100 | — |
| 2023 | $1,233,454 | $651,059 | — | $19,400 | — |
| 2022 | $1,130,473 | $652,620 | — | — | $18,000 |