Atlas Air, Inc. 401(k) Review & Grade
The Atlas Air, Inc. Retirement Plan
Purchase, NYTransportation & Warehousing4,612 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$17,512Employer $ per active participant
$14,562Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$183,260Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 82th |
| Employee saving | 97th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($18,305,079 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $515,775 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Atlas Air put in about $17,512 per active participant, more than the typical peer ($1,834). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $80,756,143 |
| Participant (employee) contributions | $67,152,174 |
| Other contributions (incl. rollovers in) | $5,917,489 |
| Administrative expenses paid from the plan | $432,037 |
| Contract administrator fees | $4,500 |
| Other admin expenses | $162,733 |
| Benefits paid out | $119,109,515 |
| Net assets, start / end of year | $914.3M / $1.1B |
| Active participants, start / end of year | 4,602 / 4,621 |
| Participants with account balances | 6,034 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $285,902 reported compensation |
| Procyon Advisors, LLC | $139,157 reported compensation |
| Crowe LLP | $22,898 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014105717NAL0001268499001, received 2025-10-14, EIN 84-1207329, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.