Ifly 401(K) Plan — Form 5500 plan (Sky Venture Management, LLC)
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, Ifly 401(K) Plan is a benefit plan reported by Sky Venture Management, LLC under EIN 20-0212902 and plan number 001. The latest loaded filing year is 2023. The filing reports 786 participants and $10,169,498 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sky Venture Management, LLC
- EIN
- 20-0212902
- Plan number
- 001
- Plan type
- 2
- Location
- Austin, TX
- Latest filing year
- 2023
- Participants
- 786
- End-of-year plan assets
- $10,169,498
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 786 | H, C | 20240903161626NAL0010662563001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,169,498
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,169,498
- Net assets (BOY)
- $7,383,201
Income & contributions
- Employer contributions
- $924,662
- Participant contributions
- $1,529,807
- Total contributions
- $2,487,071
- Total income / additions
- $4,125,580
Expenses & distributions
- Benefits paid
- $1,257,242
- Administrative expenses
- $81,906
- Total expenses
- $1,339,283
- Net increase / (decrease)
- $2,786,297
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $59,634 | $0 | 2023 |
| Burnham Gibson Wealth Advisors, Inc | INVESTMENT ADVISORY | $0 | $40,015 | 2023 |
| Orenda Retirement, LLC | OTHER SERVICES | $22,353 | $4,079 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Sky Venture Management, LLC
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Austin, TX
- Principal Life Insurance Company — Schedule C compensation
- Burnham Gibson Wealth Advisors, Inc — Schedule C compensation
- Orenda Retirement, LLC — Schedule C compensation