FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN

Plan Contact

  • Address: 15 RIVERSIDE AVENUE,WESTPORT,CT
  • Contact person: KRYSTYNA RUSHTON
  • Phone: (203) 291-7714

Plan General Information

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is $6,815,104.00.This plan was established in 2013.

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is 222

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is $30,698.00

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is $5,107.00.

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is approximately $1,587.00
Investing in this additonal $1,587.00 for 20 years would give you extra $101,591.00, assuming a 10% annual return.

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN allocates $352,394.00 to match its employees' contributions, providing an employer match rate of 62.16% of their contributions

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is 25.88%.

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is 16.07%. This measures the effectiveness of the plan participants' investments in the year.

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN is 0.73%.

Enrollment Features

FIRST AVIATION SERVICES INC. AND SUBSIDIARIES 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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