Clay Lacy Aviation 401(k) Review & Grade
Clay Lacy Aviation Matching 401(k) Plan
Van Nuys, CATransportation & Warehousing718 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,371Employer $ per active participant
$11,146Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$76.7MNet plan assets, end of year
$112,920Average balance per account
Score breakdown
- Employer generosity47.2 / 5094th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 51th |
| Employee saving | 97th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,884 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Clay Lacy Aviation put in about $5,371 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.
- 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.
- 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 | $3,859,319 |
| Participant (employee) contributions | $8,008,159 |
| Other contributions (incl. rollovers in) | $4,251,642 |
| Administrative expenses paid from the plan | $151,781 |
| Investment advisory & management fees | $55,531 |
| Benefits paid out | $8,762,710 |
| Net assets, start / end of year | $60.8M / $76.7M |
| Active participants, start / end of year | 717 / 720 |
| Participants with account balances | 679 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $96,250 reported compensation |
| Strategic Advisors, Inc. | $32,117 reported compensation |
| Usi Advisors Inc | $23,413 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151628NAL0009992962001, received 2025-10-15, EIN 95-2653612, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.