Plan Snapshot
- Plan Sponsor: Southern Airways Corporation
- Sponsor EIN: 462259531
- Sponsor Address: 2875 S OCEAN BLVD, PALM BEACH, FL, 33480
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 610
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 610 | $0 | $0 | $0 |
| 2024 | 1,082 | $0 | $0 | $0 |
| 2023 | 557 | $0 | $0 | $0 |
| 2022 | 554 | $0 | $0 | $0 |
| 2020 | 430 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|
| INSURANCE PROVIDERS GROUP OF IL | Investment Advisor | $130,666 | — | $130,666 |
| SUPERIOR INSURANCE PARTNERS LLC | Investment Advisor | $52,111 | — | $52,111 |
| AP BENEFIT ADVISORS LLC | Investment Advisor | $47,332 | — | $47,332 |
| ROGERS BENEFIT GROUP INC KC-MO | Investment Advisor | $11,225 | $5,868 | $17,093 |
| ROBIN H ALSTON | Investment Advisor | $13,971 | — | $13,971 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $261,173
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 | — | — | — | — | — |
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |
| 2020 | — | — | — | — | — |