Plan Snapshot
- Plan Sponsor: Virgin Atlantic Airways, Ltd.
- Sponsor EIN: 133213123
- Sponsor Address: 1030 DELTA BLVD., DEPT. ZZ4, ATLANTA, GA, 30354
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $41.0M
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. |
|---|---|---|---|---|
| 2024 | 104 | $41.0M | $441,943 | $699,743 |
| 2023 | 88 | $38.9M | $356,346 | $588,996 |
| 2022 | 85 | $34.8M | $291,625 | $516,472 |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $48,452 | $35,024 | — | — | — |
| 2023 | $53,700 | $35,000 | — | $17,500 | — |
| 2022 | $63,823 | — | — | — | — |