F&e Aircraft Maintenance Miami, LLC 401(k) Review & Grade
F&e Aircraft Maintenance 401(k) Plan
Miami Springs, FLOther Services1,303 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$917Employer $ per active participant
$2,718Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$19.4MNet plan assets, end of year
$27,658Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 24th |
| Employee saving | 53th |
| Peers that auto-enroll | 40% |
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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 ($391,668 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $134,952 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- F&e Aircraft Maintenance Miami put in about $917 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.49% 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.
- 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 | $1,195,404 |
| Participant (employee) contributions | $3,541,549 |
| Other contributions (incl. rollovers in) | $457,678 |
| Administrative expenses paid from the plan | $82,651 |
| Investment advisory & management fees | $32,599 |
| Benefits paid out | $2,100,285 |
| Net assets, start / end of year | $14.3M / $19.4M |
| Active participants, start / end of year | 1,323 / 1,283 |
| Participants with account balances | 701 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Berkowitz Pollack Brant Advisors |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $50,052 reported compensation |
| RMR Wealth Builders, Inc | $32,599 reported compensation |
| Charles Schwab Trust Bank | $5,865 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014114813NAL0002803057001, received 2025-10-14, EIN 52-2177585, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.