F&E Aircraft Maintenance Miami 401(k) match, vesting and fees
What F&E Aircraft Maintenance Miami's 401(k) plan says about matching contributions
For the year ended December 31, 2024, the Company elected to match 100% of each participant’s deferrals up to 3% of their eligible compensation per pay period basis.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 28 ↗ |
| Loans | Participants who are active employees may borrow against their vested account balances a minimum of $1,000 up to a maximum equal to the lesser of 50% of their vested account balance or $50,000. The loans, in the form of promissory notes, are secured by the balance in the participant's account, and bear interest at reasonable rates, which are commensurate with local prevailing rates as determined by the Plan Administrator. Principal and interest are paid ratably through payroll deductions and generally repaid within 5 years. If the purpose of the loan is to acquire or construct the primary residence of the Participant, the period of repayment may exceed five years, but in no event shall it exceed the usual repayment period required by commercial lenders for similar loans. | Audit report, p. 30 ↗ |
| Recordkeeper | Epic Retirement Plan Services | Schedule C ↗ |
| Independent auditor | Berkowitz Pollack Brant Advisors (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 352 defined-contribution plans in other services with 500 to 999 participants.
| F&E Aircraft Maintenance Miami: employer contribution per participant | $1,705 | |
| Peer median | $1,775 |
| F&E Aircraft Maintenance Miami: average balance | $27,658 | |
| Peer median | $48,211 |
| F&E Aircraft Maintenance Miami: admin expenses ÷ assets | 0.49% | |
| Peer median | 0.25% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $7.9M at the end of plan year 2021 to $19.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,509 | $19.4M | $1.2M | $1,705 | 0.49% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 1,542 | $14.3M | $1.1M | $1,625 | 1.01% | Not published | Form 5500 ↗ |
| 2022 | 1,370 | $9.7M | $873K | $1,508 | 1.19% | Not published | Form 5500 ↗ |
| 2021 | 1,204 | $7.9M | $118K | $289 | 0.66% | Not published | Form 5500 ↗ |
Common questions
Does F&E Aircraft Maintenance Miami match 401(k) contributions?
The audit report attached to the F&E Aircraft Maintenance 401(k) Plan's plan year 2024 Form 5500, page 28 says: “For the year ended December 31, 2024, the Company elected to match 100% of each participant’s deferrals up to 3% of their eligible compensation per pay period basis.” Plan terms may have changed; check your current Summary Plan Description.
When is the F&E Aircraft Maintenance Miami 401(k) match vested?
The vesting schedule for the F&E Aircraft Maintenance 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the F&E Aircraft Maintenance Miami 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Epic Retirement Plan Services. The plan administrator is F&E Aircraft Maintenance Miami, LLC.
I left F&E Aircraft Maintenance Miami. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (F&E Aircraft Maintenance Miami, LLC, (305) 871-3758) or the recordkeeper, Epic Retirement Plan Services. The F&E Aircraft Maintenance Miami old 401(k) page lists the contacts from every plan filing. Find an old F&E Aircraft Maintenance Miami 401(k)
Data from the public Form 5500 annual reports F&E Aircraft Maintenance Miami filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with F&E Aircraft Maintenance Miami. Not financial advice. Report a correction · Methodology