Plan Snapshot
- Plan Sponsor: Top Flight, INC.
- Sponsor EIN: 620119360
- Sponsor Address: 1300 CENTRAL AVENUE, CHATTANOOGA, TN, 37408
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $10.4M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 106 | $10.4M | $118,559 | $458,350 |
| 2023 | 104 | $9.0M | $14,588 | $389,908 |
| 2022 | 108 | $7.5M | $100,557 | $375,330 |
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 |
|---|---|---|---|---|
| STANLEY BENEFIT SERVICES | Other Service Provider | $30,905 | — | $30,905 |
| FUND DIRECT ADVISORS | Other Service Provider | $14,448 | — | $14,448 |
| PRONVEST | Other Service Provider | $8,640 | — | $8,640 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,993
- Estimated Expense Ratio: 0.520% 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 | $45,178 | $14,448 | — | — | — |
| 2023 | $37,143 | — | $37,143 | — | — |
| 2022 | $38,516 | — | — | — | $38,516 |