# Modern Aviation, INC. 401(k) Plan
Source: https://planprovider.pro/companies/modern-aviation-inc-401k-plan

> Modern Aviation, INC.'s 401(k) plan: 464 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Modern Aviation, INC.

- **Sponsor EIN:** 824451754

- **Sponsor Address:** 301 S POLK, AMARILLO, TX, 79101

- **Plan Type:** 401(k)

- **Total Participants:** 464

- **Total Assets:** $7.0M

## 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|464|$7.0M|$471,231|$891,218|

| 2023|360|$5.2M|$368,079|$703,119|

| 2022|242|$3.6M|$158,104|$362,061|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$32,743|—|$32,743|

| HAYS FINANCIAL GROUP|ADVISOR|$29,111|—|$29,111|

| BARNES DENNIG AND CO LTD|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [HAYS FINANCIAL GROUP](https://planprovider.pro/provider/hays-financial-group-llc) — ADVISOR

- [BARNES DENNIG AND CO LTD](https://planprovider.pro/provider/barnes-dennig-and-co-ltd) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $61,854

- **Estimated Expense Ratio:** 0.880% 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|$65,887|$33,144|—|—|—|

| 2023|$732,166|—|$46,517|—|—|

| 2022|$396,756|—|$15,033|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/modern-aviation-inc-401k-plan)

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