Department of Labor filing

NORSE ATLANTIC AIRWAYS US, LLC

NORSE ATLANTIC AIRWAYS US, LLC 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 6, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

37filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$842

Reported employer contributions per active participant.

Higher than about 15% of comparable plans

#People in the filing

213

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$46 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 89% of comparable plans

↗Investment performance

Not available

Plan assets changed 86.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202437out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions15th percentileTypical peer $2,406 · based on 78 comparable plans

Lower reported administrative expense89th percentileTypical peer $164 · based on 79 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, NORSE ATLANTIC AIRWAYS US, LLC reported $179,449 in employer contributions across the plan and 213 active participants. That works out to $842 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy96%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 154.9%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 1612.8%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context37/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $179,449
Participant contributions: $485,032
Other contributions: $46,572
Employer share of reported contributions: 27.0%
Beginning assets: $787,194
Ending assets: $1,469,782
Ending net assets: $1,469,782
Ending liabilities: $0
Total income: $826,690
Total expenses: $144,102
Administrative expenses: $11,829
Participant loans: $63,433

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$331

2023

$561

2024

$842

Plan-paid administrative expenses per participant

2022

2023

$28

2024

$46

Active participants

2022

214

2023

250

2024

213

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$842	213	1.5M	20251006051739NAL0008548802001
2023	$561	250	787.2K	20241011114118NAL0038608672001
2022	$331	214	286.8K	20231016175818NAL0077556978001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 4.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 880825570-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: May 1, 2022
Industry: Transportation and warehousing
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
GREAT GRAY TRUST	2024	Not reported	unknown
VANGUARD	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251006051739NAL0008548802001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗