Portland Air Freight, Inc. Retirement Savings Plan — Form 5500 plan (Portland Air Freight, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Portland Air Freight, Inc. Retirement Savings Plan is a benefit plan reported by Portland Air Freight, Inc. under EIN 01-0384794 and plan number 001. The latest loaded filing year is 2023. The filing reports 129 participants and $4,510,527 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Portland Air Freight, Inc.
EIN
01-0384794
Plan number
001
Plan type
2
Location
Scarborough, ME
Latest filing year
2023
Participants
129
End-of-year plan assets
$4,510,527

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023129H, C20241010153719NAL0010201491001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$4,510,527
Total liabilities (EOY)
$0
Net assets (EOY)
$4,510,527
Net assets (BOY)
$3,707,132

Income & contributions

Employer contributions
$88,883
Participant contributions
$437,415
Total contributions
$842,263
Total income / additions
$1,518,233

Expenses & distributions

Benefits paid
$661,706
Administrative expenses
$29,729
Total expenses
$714,838
Net increase / (decrease)
$803,395

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$14,231$02023
Valmark AdvisersINVESTMENT ADVISORY$5,641$82023

Related Form 5500 pages