Flexjet, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Flexjet, Llc 401(k) Plan Facts (plan year 2017)

Plan name
FLEXJET, LLC RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FLEXJET, LLC
Participants
1,220 (1,605 active employees)
Former employees with a balance
396
Plan assets
$180,746,545 at Dec 31, 2017
Average account balance
$103,402 across 1,748 accounts
Employer contributions
$4,831,503 in plan year 2017 (36% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Jan 1, 2013
✓ Employer contributions— Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2017 (Jan 1, 2017 – Dec 31, 2017), filed Oct 11, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $13.5 million went into the plan in contributions, $4.83 million of it from the employer (36%).
  • $9.07 million was paid out to participants.
  • Investment and other income added $17.1 million.
  • Administrative expenses were $347,592, about $199 per account.

How the Flexjet, Llc 401(k) changed, 2013–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20130$53.0 million$105,720—
2014718$69.9 million$3.69 million$4.71 million
2015770$84.4 million$5.31 million$8.39 million
20161,190$98.6 million$4.51 million$9.94 million
20171,220$180.7 million$4.83 million$9.07 million

Flexjet, Llc 401(k) Contact Information

Phone
216-797-8389
Mailing address
26180 CURTISS WRIGHT PARKWAY, CLEVELAND OH 441431453
Plan sponsor
FLEXJET, LLC
Employer identification number (EIN)
32-0409304
Plan number
001

Questions about the Flexjet, Llc 401(k)

Is the Flexjet, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

Does Flexjet, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $4.83 million, 36% of all contributions.

Does the Flexjet, Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Flexjet, Llc 401(k) plan?

1,220 participants at the start of plan year 2017, 1,605 of them active employees, and 396 former employees who still had money in the plan.

What is the average 401(k) balance at Flexjet, Llc?

About $103,402 per account: $180.7 million in plan assets across 1,748 accounts with a balance at the end of plan year 2017.

Who manages the Flexjet, Llc 401(k) accounts?

Voya Financial is the plan's recordkeeper, which is where participants log in to see their balance.

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