Netjets Aviation 401(k) match, vesting and fees
What Netjets Aviation's 401(k) plan says about matching contributions
The Company’s matching contribution was equal to 61% and 60% of each participant’s contribution up to 20% of earned compensation during 2024 and 2023, respectively. In addition, subsequent to the Plan’s year-end, the Company matched 61% and 60%, of each participant’s contribution in excess of 20% of earned compensation, ultimately giving participants in the Plan a full 61% and 60% match on all contributions made to the Plan up to the Internal Revenue Service (IRS) maximum for 2024 and 2023, respectively.
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. 42 ↗ |
| Automatic enrollment | The Plan provides for automatic enrollment of eligible participants at a deferral rate of 6% of eligible compensation, unless the participant affirmatively elects otherwise. The participant’s initial automatic contribution percentage will be increased by 1% on each anniversary of the participant’s employment commencement date until the participant’s deferral percentage reaches 80%. | Audit report, p. 42 ↗ |
| Loans | Participants may borrow up to 50% of their vested account balance or $50,000, whichever is less, subject to a minimum amount of $1,000. | Audit report, p. 44 ↗ |
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Gbq Partners , LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 267 defined-contribution plans in transportation and warehousing with 1,000 to 4,999 participants.
| Netjets Aviation: employer contribution per participant | $21,210 | |
| Peer median | $1,880 |
| Netjets Aviation: average balance | $546,232 | |
| Peer median | $51,904 |
| Netjets Aviation: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.21% |
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 $2.1B at the end of plan year 2021 to $2.5B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,530 | $2.5B | $95.7M | $21,210 | 0.07% | Quoted in the audit report, p. 42 ↗ | Form 5500 ↗ |
| 2023 | 3,983 | $2.1B | $78.3M | $19,771 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 3,487 | $1.7B | $72.2M | $20,820 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 3,085 | $2.1B | $64.7M | $21,140 | 0.04% | Not published | Form 5500 ↗ |
Common questions
Does Netjets Aviation match 401(k) contributions?
The audit report attached to the Netjets Aviation, Inc. 401(k) Retirement Plan's plan year 2024 Form 5500, page 42 says: “The Company’s matching contribution was equal to 61% and 60% of each participant’s contribution up to 20% of earned compensation during 2024 and 2023, respectively. In addition, subsequent to the Plan’s year-end, the Company matched 61% and 60%, of each participant’s contribution in excess of 20% of earned compensation, ultimately giving participants in the Plan a full 61% and 60% match on all contributions made to the Plan up to the Internal Revenue Service (IRS) maximum for 2024 and 2023, respectively.” Plan terms may have changed; check your current Summary Plan Description.
When is the Netjets Aviation 401(k) match vested?
The vesting schedule for the Netjets Aviation, Inc. 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Netjets Aviation 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Netjets Aviation, Inc..
I left Netjets Aviation. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Netjets Aviation, Inc., (614) 239-5508) or the recordkeeper, Schwab Retirement Plan Services,inc. The Netjets Aviation old 401(k) page lists the contacts from every plan filing. Find an old Netjets Aviation 401(k)
Data from the public Form 5500 annual reports Netjets Aviation 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 Netjets Aviation. Not financial advice. Report a correction · Methodology