Republic Airways Holdings Inc. 401(k) Review & Grade
Republic Airways Holdings Inc. 401(k) Plan
Indianapolis, INTransportation & Warehousing6,089 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,560Employer $ per active participant
$6,126Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$577.6MNet plan assets, end of year
$83,573Average balance per account
Score breakdown
- Employer generosity39.8 / 5080th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score63 / 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 | 80th |
| Lower admin cost | 61th |
| Employee saving | 72th |
| Peers that auto-enroll | 46% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($46,181 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,382 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Republic Airways Holdings put in about $4,560 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.
- 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 | $27,763,270 |
| Participant (employee) contributions | $37,303,646 |
| Other contributions (incl. rollovers in) | $2,281,007 |
| Administrative expenses paid from the plan | $469,382 |
| Investment advisory & management fees | $141,454 |
| Benefits paid out | $43,730,363 |
| Net assets, start / end of year | $479.2M / $577.6M |
| Active participants, start / end of year | 5,836 / 6,342 |
| Participants with account balances | 6,911 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $337,152 reported compensation |
| Creative Planning Holdco LLC | $74,192 reported compensation |
| Morningstar Inc | $16,208 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251117075318NAL0000639475001, received 2025-11-17, EIN 06-1449146, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.