Horizon Air Industries, Inc. 401(k) Review & Grade
Horizon Air Savings Investment Plan
Seattle, WATransportation & Warehousing3,338 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,720Employer $ per active participant
$4,873Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$631.1MNet plan assets, end of year
$132,688Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 81th |
| Employee saving | 57th |
| Peers that auto-enroll | 46% |
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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
- Horizon Air Industries put in about $3,720 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.
- 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 | $12,417,249 |
| Participant (employee) contributions | $16,264,517 |
| Other contributions (incl. rollovers in) | $1,000,628 |
| Administrative expenses paid from the plan | $266,131 |
| Investment advisory & management fees | $224,814 |
| Benefits paid out | $54,798,465 |
| Net assets, start / end of year | $566.3M / $631.1M |
| Active participants, start / end of year | 3,216 / 3,460 |
| Participants with account balances | 4,756 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Nuber PS |
| Employer stock held by plan | $41,503,330 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $224,814 reported compensation |
| Fidelity Investments Institutional | $43,391 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009175841NAL0016813890001, received 2025-10-09, EIN 91-1201373, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.