401k Plan data: WESTERN AIRWAYS 401(K) PLAN plan

WESTERN AIRWAYS 401(K) PLAN 401k Plan overview

Plan Name	WESTERN AIRWAYS 401(K) PLAN
Plan identification number	001

WESTERN AIRWAYS 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

WESTERN AIRWAYS, INC. has sponsored the creation of one or more 401k plans.

Company Name: WESTERN AIRWAYS, INC.

Employer identification number (EIN): 760303417

NAIC Classification: 481000
NAIC Description: Air Transportation

Additional information about WESTERN AIRWAYS, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 1989-11-22

Company Identification Number: 0113345300

Legal Registered Office Address: 10260 WESTHEIMER RD STE 200

HOUSTON
United States of America (USA)
77042

More information about WESTERN AIRWAYS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTERN AIRWAYS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01
001 2017-01-01 JENNY REED 2018-10-15
001 2016-01-01 JENNY REED 2017-10-12
001 2015-01-01 JENNY REED 2016-07-22
001 2014-01-01 JENNY REED 2015-10-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2019-01-01
001	2018-01-01
001	2017-01-01	JENNY REED	2018-10-15
001	2016-01-01	JENNY REED	2017-10-12
001	2015-01-01	JENNY REED	2016-07-22
001	2014-01-01	JENNY REED	2015-10-12

Plan Statistics for WESTERN AIRWAYS 401(K) PLAN

401k plan membership statisitcs for WESTERN AIRWAYS 401(K) PLAN

Measure Date Value
2019: WESTERN AIRWAYS 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 75
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 66
Number of retired or separated participants receiving benefits 2019-01-01 1
Number of other retired or separated participants entitled to future benefits 2019-01-01 10
Total of all active and inactive participants 2019-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 77
Number of participants with account balances 2019-01-01 73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 8
2018: WESTERN AIRWAYS 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 81
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 64
Number of retired or separated participants receiving benefits 2018-01-01 1
Number of other retired or separated participants entitled to future benefits 2018-01-01 10
Total of all active and inactive participants 2018-01-01 75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 75
Number of participants with account balances 2018-01-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 6

Measure	Date	Value
2019: WESTERN AIRWAYS 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	75
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	66
Number of retired or separated participants receiving benefits	2019-01-01	1
Number of other retired or separated participants entitled to future benefits	2019-01-01	10
Total of all active and inactive participants	2019-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	77
Number of participants with account balances	2019-01-01	73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	8
2018: WESTERN AIRWAYS 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	81
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	64
Number of retired or separated participants receiving benefits	2018-01-01	1
Number of other retired or separated participants entitled to future benefits	2018-01-01	10
Total of all active and inactive participants	2018-01-01	75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	75
Number of participants with account balances	2018-01-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	6

Financial Data on WESTERN AIRWAYS 401(K) PLAN

Measure	Date	Value
2019 : WESTERN AIRWAYS 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$1,136,340
Expenses. Total of all expenses incurred	2019-12-31	$523,103
Benefits paid (including direct rollovers)	2019-12-31	$492,603
Total plan assets at end of year	2019-12-31	$3,450,904
Total plan assets at beginning of year	2019-12-31	$2,837,667
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$362,710
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$34,874
Other income received	2019-12-31	$624,972
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$613,237
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$3,450,904
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,837,667
Assets. Value of participant loans	2019-12-31	$34,349
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2019-12-31	$151,324
Total contributions received or receivable from employer(s)	2019-12-31	$113,784
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$24,565
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$5,935
2018 : WESTERN AIRWAYS 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$350,778
Expenses. Total of all expenses incurred	2018-12-31	$644,374
Benefits paid (including direct rollovers)	2018-12-31	$639,720
Total plan assets at end of year	2018-12-31	$2,837,667
Total plan assets at beginning of year	2018-12-31	$3,131,263
Value of fidelity bond covering the plan	2018-12-31	$500,000
Total contributions received or receivable from participants	2018-12-31	$382,193
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$20,469
Other income received	2018-12-31	$-185,077
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-293,596
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,837,667
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$3,131,263
Assets. Value of participant loans	2018-12-31	$47,920
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2018-12-31	$151,324
Total contributions received or receivable from employer(s)	2018-12-31	$133,193
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$1,877
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$2,777

Form 5500 Responses for WESTERN AIRWAYS 401(K) PLAN

2019: WESTERN AIRWAYS 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: WESTERN AIRWAYS 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

WESTERN AIRWAYS, LLC [EIN = 852858579]

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Company Name:	WESTERN AIRWAYS, INC.
Employer identification number (EIN):	760303417
NAIC Classification:	481000
NAIC Description:	Air Transportation

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	1989-11-22
Company Identification Number:	0113345300
Legal Registered Office Address:	10260 WESTHEIMER RD STE 200 HOUSTON United States of America (USA) 77042