Plan Snapshot
- Plan Sponsor: Learjet INC.
- Sponsor EIN: 133567473
- Sponsor Address: ONE LEARJET WAY, WICHITA, KS, 67209
- Plan Type: 401(k)
- Total Participants: 468
- Total Assets: $57.1M
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. |
|---|---|---|---|---|
| 2024 | 468 | $57.1M | $812,464 | $2.8M |
| 2023 | 443 | $52.7M | $684,100 | $2.4M |
| 2022 | 401 | $48.1M | $588,626 | $2.1M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG, LLP | Auditor | $8,854 | — | $8,854 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,854
- Estimated Expense Ratio: 0.016% 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 | $38,937 | $13,943 | $8,833 | $8,854 | — |
| 2023 | $43,936 | $21,210 | $14,050 | — | — |
| 2022 | $13,505 | $1,350 | — | — | $1,700 |