Plan Snapshot
- Plan Sponsor: Professional Airline Services, INC.
- Sponsor EIN: 650623014
- Sponsor Address: 8601 NW 27TH STREET, DORAL, FL, 33122
- Plan Type: 401(k)
- Total Participants: 861
- Total Assets: $5.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 861 | $5.8M | $127,902 | $635,326 |
| 2023 | 823 | $4.9M | $111,771 | $525,946 |
| 2022 | 1,197 | $4.1M | $98,932 | $458,884 |
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 |
|---|---|---|---|---|
| FERNANDEZ LISSETTE | SERVICE PROVIDER | — | $11,838 | $11,838 |
| CARR, RIGGS AND INGRAM, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,838
- Estimated Expense Ratio: 0.204% 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 | $7,429 | $2,979 | $3,550 | — | — |
| 2023 | $22,908 | $2,508 | $3,950 | — | — |
| 2022 | $5,423 | — | — | — | — |