Exclusive Jets, LLC DBA Fly Exclusive 401(k) Review & Grade
Fly Exclusive 401(k) Plan
Kinston, NCTransportation & Warehousing670 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,741Employer $ per active participant
$6,141Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$17.9MNet plan assets, end of year
$35,061Average balance per account
Score breakdown
- Employer generosity44.0 / 5088th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 41th |
| Employee saving | 83th |
| Peers that auto-enroll | 37% |
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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 ($260,218 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Exclusive Jets, LLC DBA Fly Exclusive put in about $3,741 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.
- 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 | $2,506,372 |
| Participant (employee) contributions | $4,114,214 |
| Other contributions (incl. rollovers in) | $668,762 |
| Administrative expenses paid from the plan | $44,006 |
| Investment advisory & management fees | $24,013 |
| Benefits paid out | $3,259,754 |
| Net assets, start / end of year | $11.8M / $17.9M |
| Active participants, start / end of year | 699 / 641 |
| Participants with account balances | 511 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka, PLLC |
Largest service providers (Schedule C)
| Guardian Wealth Advisors LLC | $24,011 reported compensation |
| Capital Group Retirement Plan Svcs | $16,181 reported compensation |
| Fidelity Investments Inst Op Co LLC | $3,812 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120426NAL0004481473001, received 2025-10-15, EIN 38-3928836, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.