Breeze Aviation Group, Inc 401(k) Review & Grade
Breeze Aviation Group 401(k) Team Member Plan
Cottonwood Heights, UTTransportation & Warehousing1,776 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,559Employer $ per active participant
$5,000Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$40.7MNet plan assets, end of year
$34,870Average balance per account
Score breakdown
- Employer generosity43.7 / 5087th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 27th |
| Employee saving | 75th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Breeze Aviation Group put in about $3,559 per active participant, more than the typical peer ($1,070). 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.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $6,322,155 |
| Participant (employee) contributions | $8,882,155 |
| Other contributions (incl. rollovers in) | $4,153,927 |
| Administrative expenses paid from the plan | $135,479 |
| Contract administrator fees | $72,000 |
| Investment advisory & management fees | $63,479 |
| Benefits paid out | $2,397,494 |
| Net assets, start / end of year | $20.4M / $40.7M |
| Active participants, start / end of year | 1,492 / 2,061 |
| Participants with account balances | 1,166 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tanner LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $72,000 reported compensation |
| Mma Securities LLC | $63,537 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812111304NAL0008098097001, received 2025-08-12, EIN 82-2644964, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.