Plan Snapshot
- Plan Sponsor: Healthnet Aeromedical Services INC Dba Healthnet Aeromedical Services
- Sponsor EIN: 550681969
- Sponsor Address: 110 WYOMING STREET, CHARLESTON, WV, 25302
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 328
- Total Assets: $9.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 328 | $9.4M | $0 | $0 |
| 2024 | 266 | $7.7M | $271,268 | $767,703 |
| 2023 | 286 | $6.6M | $256,557 | $714,201 |
| 2022 | 263 | $5.1M | $248,155 | $649,185 |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS LLC | Investment Advisor | $28,624 | — | $28,624 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $14,520 | — | $14,520 |
| M2B RETIREMENT CONSULTING, LLC | Recordkeeper | $2,500 | $4,038 | $6,538 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,682
- Estimated Expense Ratio: 0.529% 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 |
|---|---|---|---|---|---|
| 2025 | $1,157,248 | $45,391 | $3,540 | — | — |
| 2024 | $42,313 | $38,698 | $3,615 | — | — |
| 2023 | $32,152 | $29,537 | $2,615 | — | — |
| 2022 | $26,622 | $26,622 | — | — | — |