Plan Snapshot
- Plan Sponsor: National Air Cargo, INC.
- Sponsor EIN: 721527000
- Sponsor Address: 350 WINDWARD DRIVE, ORCHARD PARK, NY, 14127
- Plan Type: 401(k)
- Total Participants: 593
- Total Assets: $29.2M
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 | 593 | $29.2M | $1.4M | $3.3M |
| 2023 | 482 | $24.1M | $1.1M | $2.9M |
| 2022 | 396 | $17.9M | $1.2M | $2.6M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | NONE | $39,184 | — | $39,184 |
| SIGNATURE SECURITIES GROUP | RETAINED BY EMPLOYER | $28,399 | — | $28,399 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $25,865 | $257 | $26,122 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — NONE
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,705
- Estimated Expense Ratio: 0.320% 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 | $93,140 | — | $93,140 | — | — |
| 2023 | $83,842 | — | $76,734 | — | — |
| 2022 | $77,637 | — | $59,500 | — | — |