Plan Snapshot
- Plan Sponsor: Silver Airways Corp.
- Sponsor EIN: 275096766
- Sponsor Address: PO BOX 14213, FORT LAUDERDALE, FL, 33302
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 451
- Total Assets: $9.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 451 | $9.3M | $0 | $0 |
| 2024 | 496 | $16.1M | $474,875 | $2.3M |
| 2023 | 477 | $13.2M | $457,826 | $2.2M |
| 2022 | 488 | $10.3M | $386,328 | $1.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $57,879 | — | $57,879 |
| MERCER INVESTMENT MANAGEMENT INC | Investment Advisor | $36,708 | — | $36,708 |
| VERDEJA & ALVAREZ, LLP | Auditor | $22,000 | — | $22,000 |
| VENABLE LLP | ERISA Attorney | $10,861 | — | $10,861 |
| KAPILA MUKAMAL LLP | Auditor | $9,094 | — | $9,094 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,542
- Estimated Expense Ratio: 1.470% 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 |
|---|---|---|---|---|---|
| 2025 | $10,108,953 | $36,708 | — | $31,094 | — |
| 2024 | $82,956 | $34,088 | — | — | — |
| 2023 | $70,667 | $27,286 | — | — | — |
| 2022 | $67,732 | — | — | — | — |