Southern Air 401(k) match, vesting and fees
What Southern Air's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Brown, Edwards & Company, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 523 defined-contribution plans in construction with 500 to 999 participants.
| Southern Air: employer contribution per participant | $1,052 | |
| Peer median | $2,361 |
| Southern Air: average balance | $79,456 | |
| Peer median | $60,193 |
| Southern Air: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.31% |
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 $62.4M at the end of plan year 2021 to $70.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 973 | $70.2M | $929K | $1,052 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 895 | $62M | $888K | $1,087 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 913 | $51.3M | $875K | $1,055 | 0.18% | Not published | Form 5500 ↗ |
| 2021 | 855 | $62.4M | $561K | $713 | 0.25% | Not published | Form 5500 ↗ |
Other Southern Air plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Southern Air Incorporated Employee Stock Ownership Plan and Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Brown, Edwards & Company, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Southern Air match 401(k) contributions?
The match terms for the Southern Air, Inc. Cash or Deferred Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $929K in employer contributions, about $1,052 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Southern Air 401(k) match vested?
The vesting schedule for the Southern Air, Inc. Cash or Deferred Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Southern Air 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Southern Air Inc..
I left Southern Air. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Southern Air Inc., (434) 385-6200) or the recordkeeper, Fidelity Investments Institutional. The Southern Air old 401(k) page lists the contacts from every plan filing. Find an old Southern Air 401(k)
Data from the public Form 5500 annual reports Southern Air 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 Southern Air. Not financial advice. Report a correction · Methodology