Plan Snapshot
- Plan Sponsor: Standardaero Business Aviation Services, INC.
- Sponsor EIN: 521956503
- Sponsor Address: 6710 N SCOTTSDALE RD, SCOTTSDALE, AZ, 85253
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 5,286
- Total Assets: $406.1M
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. |
|---|---|---|---|---|
| 2025 | 5,286 | $406.1M | $0 | $0 |
| 2024 | 4,335 | $364.0M | $13.0M | $21.6M |
| 2023 | 3,928 | $333.4M | $11.6M | $19.6M |
| 2022 | 3,480 | $286.8M | $10.5M | $18.2M |
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, PIERCE, FENNER AND S | Recordkeeper | $105,453 | — | $105,453 |
| AMERIPRISE FINANCIAL SERVICES | Other Service Provider | $31,500 | — | $31,500 |
| USI ADVISORS INC | Other Service Provider | $12,667 | — | $12,667 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $149,620
- Estimated Expense Ratio: 0.037% 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 | $51,962,878 | $44,167 | — | — | — |
| 2024 | $147,961 | — | — | — | — |
| 2023 | $146,487 | — | $58,030 | — | — |
| 2022 | $123,690 | — | — | — | — |