Plan Snapshot
- Plan Sponsor: Phoenix Air Group, INC.
- Sponsor EIN: 581653300
- Sponsor Address: 100 PHOENIX AIR DRIVE, CARTERSVILLE, GA, 30120
- Plan Type: 401(k)
- Total Participants: 308
- Total Assets: $26.9M
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 | 308 | $26.9M | $519,649 | $1.8M |
| 2023 | 312 | $23.3M | $514,326 | $1.8M |
| 2022 | 323 | $19.7M | $487,725 | $1.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $37,365 | — | $37,365 |
| INVESTMENT RESEARCH | INVESTMENT ADVISORY | $19,994 | — | $19,994 |
| READ, MARTIN & SLICKMAN, CPAS, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,359
- Estimated Expense Ratio: 0.213% 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 | $57,513 | $19,994 | $37,324 | — | — |
| 2023 | $54,395 | $18,745 | $35,634 | — | — |
| 2022 | $46,034 | $18,743 | $27,291 | — | — |