Kalitta Air, LLC 401(k) Review & Grade
Kalitta Companies 401(k) Savings Plan
Ypsilanti, MITransportation & Warehousing3,488 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,278Employer $ per active participant
$8,516Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$340.8MNet plan assets, end of year
$80,364Average balance per account
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 94th |
| Employee saving | 84th |
| Peers that auto-enroll | 46% |
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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 ($13,616 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $44,533 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kalitta Air put in about $7,278 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 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 | $25,381,901 |
| Participant (employee) contributions | $29,698,915 |
| Other contributions (incl. rollovers in) | $5,261,869 |
| Administrative expenses paid from the plan | $61,428 |
| Benefits paid out | $27,784,766 |
| Net assets, start / end of year | $265.1M / $340.8M |
| Active participants, start / end of year | 3,192 / 3,783 |
| Participants with account balances | 4,241 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | −$234,477 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002145348NAL0000994704001, received 2025-10-02, EIN 38-3512795, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.