PPW Aero Buyer, Inc. D/B/A Pursuit Aerospace 401(k) Review & Grade
Pursuit Aerospace 401(k) Plan
Eastford, CTManufacturing1,747 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,288Employer $ per active participant
$4,261Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$153.4MNet plan assets, end of year
$65,455Average balance per account
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 60th |
| Employee saving | 40th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $97,226 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PPW Aero Buyer, Inc. D/B/A Pursuit Aerospace put in about $1,288 per active participant, below the typical peer ($2,320). 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.
- 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 | $2,250,196 |
| Participant (employee) contributions | $7,444,447 |
| Other contributions (incl. rollovers in) | $1,524,037 |
| Administrative expenses paid from the plan | $190,750 |
| Investment advisory & management fees | $62,727 |
| Benefits paid out | $15,050,040 |
| Net assets, start / end of year | $75.4M / $153.4M |
| Active participants, start / end of year | 1,691 / 1,803 |
| Participants with account balances | 2,344 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whittlesey PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $92,124 reported compensation |
| RBC Wealth Management | $42,925 reported compensation |
| Uhy LLP | $29,725 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012165127NAL0001012994001, received 2025-10-12, EIN 92-1351892, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.