Professional Airline Services, Inc. 401(k) Review & Grade
Professional Airline Services, Inc. 401(k) Plan
Doral, FLTransportation & Warehousing842 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$152Employer $ per active participant
$755Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$5.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.6 / 509th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th 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 score9 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 66th |
| Employee saving | 9th |
| 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 ($224,311 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,988 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Professional Airline Services put in about $152 per active participant, below the typical peer ($1,070). 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 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 | $127,902 |
| Participant (employee) contributions | $635,326 |
| Other contributions (incl. rollovers in) | $29,712 |
| Administrative expenses paid from the plan | $7,429 |
| Contract administrator fees | $3,550 |
| Investment advisory & management fees | $2,979 |
| Other admin expenses | $900 |
| Benefits paid out | $454,975 |
| Net assets, start / end of year | $4.9M / $5.8M |
| Active participants, start / end of year | 823 / 861 |
| Participants with account balances | 265 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr, Riggs and Ingram, LLC |
Largest service providers (Schedule C)
| Fernandez Lissette | $11,838 reported compensation |
| Voya Retirement Insurance & Annuity | $3,251 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918151104NAL0001550913001, received 2025-09-18, EIN 65-0623014, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.