Plan Snapshot
- Plan Sponsor: Mobile Air Transport, INC.
- Sponsor EIN: 141565189
- Sponsor Address: 12 RUNWAY AVE., LATHAM, NY, 12110
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $5.0M
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 | 101 | $5.0M | $82,989 | $236,375 |
| 2023 | 109 | $4.5M | $69,470 | $197,667 |
| 2022 | 122 | $4.0M | $74,048 | $200,616 |
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 |
|---|---|---|---|---|
| FUST CHARLES | NONE | $10,170 | — | $10,170 |
| FUSTCHARLES LLP | Auditor | $10,170 | — | $10,170 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FUSTCHARLES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,340
- Estimated Expense Ratio: 0.405% 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 | $13,245 | — | $3,075 | $10,170 | — |
| 2023 | $11,235 | — | $1,935 | $9,300 | — |
| 2022 | $11,950 | — | $2,730 | — | $9,220 |