# Talon Air, LLC 401(k) Plan
Source: https://planprovider.pro/companies/talon-air-llc-401k-plan

> Talon Air, LLC's 401(k) plan: 176 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Talon Air, LLC

- **Sponsor EIN:** 522214389

- **Sponsor Address:** 8300 REPUBLIC AIRPORT, FARMINGDALE, NY, 11735

- **Plan Type:** 401(k)

- **Total Participants:** 176

- **Total Assets:** $10.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|176|$10.5M|$309,492|$1.2M|

| 2023|156|$8.2M|$326,296|$1.1M|

| 2022|146|$6.2M|$270,206|$883,667|

## 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|$18,530|—|$18,530|

| TMI CPA, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [TMI CPA, P.C.](https://planprovider.pro/provider/tmi-cpa-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $18,530

- **Estimated Expense Ratio:** 0.177% 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|$21,292|$2,762|—|—|—|

| 2023|$33,326|$2,212|—|$14,000|—|

| 2022|$28,637|$2,194|—|—|—|

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