401k Plan data: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN plan

AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN
Plan identification number	001

AIRNET SYSTEMS, INC. RETIREMENT SAVINGS 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

AIRNET SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name: AIRNET SYSTEMS, INC.

Employer identification number (EIN): 311458309

NAIC Classification: 481000
NAIC Description: Air Transportation

Additional information about AIRNET SYSTEMS, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 1996-02-15

Company Identification Number: 932022

Legal Registered Office Address: 1300 EAST NINTH STREET
-
CLEVELAND
United States of America (USA)
44114

More information about AIRNET SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2015-01-01 KEVIN O'HALLORAN
001 2014-01-01 KEVIN O'HALLORAN
001 2013-01-01 KEVIN O'HALLORAN KEVIN O'HALLORAN AS RECEIVER 2015-09-15
001 2012-01-01 KIMBERLY MILLER
001 2011-01-01 KIM MILLER
001 2010-01-01 LYSA WIEDERMAN
001 2009-01-01 LYSA WIEDERMAN
001 2009-01-01 LYSA WIEDERMAN

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2015-01-01	KEVIN O'HALLORAN
001	2014-01-01	KEVIN O'HALLORAN
001	2013-01-01	KEVIN O'HALLORAN	KEVIN O'HALLORAN AS RECEIVER	2015-09-15
001	2012-01-01	KIMBERLY MILLER
001	2011-01-01	KIM MILLER
001	2010-01-01	LYSA WIEDERMAN
001	2009-01-01	LYSA WIEDERMAN
001	2009-01-01	LYSA WIEDERMAN

Plan Statistics for AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2015: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 752
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 0
Number of participants with account balances 2015-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 784
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 25
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 724
Total of all active and inactive participants 2014-01-01 749
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 2
Total participants 2014-01-01 751
Number of participants with account balances 2014-01-01 739
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 583
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 267
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 516
Total of all active and inactive participants 2013-01-01 783
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 784
Number of participants with account balances 2013-01-01 762
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 33
2012: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 594
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 339
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 244
Total of all active and inactive participants 2012-01-01 583
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 583
Number of participants with account balances 2012-01-01 433
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 7
2011: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 672
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 376
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 218
Total of all active and inactive participants 2011-01-01 594
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 594
Number of participants with account balances 2011-01-01 479
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 25
2010: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 602
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 469
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 203
Total of all active and inactive participants 2010-01-01 672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 672
Number of participants with account balances 2010-01-01 475
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 22
2009: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 735
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 423
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 177
Total of all active and inactive participants 2009-01-01 600
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 2
Total participants 2009-01-01 602
Number of participants with account balances 2009-01-01 437
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 21

Measure	Date	Value
2015: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	752
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	0
Number of participants with account balances	2015-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	784
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	25
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	724
Total of all active and inactive participants	2014-01-01	749
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	2
Total participants	2014-01-01	751
Number of participants with account balances	2014-01-01	739
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	583
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	267
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	516
Total of all active and inactive participants	2013-01-01	783
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	784
Number of participants with account balances	2013-01-01	762
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	33
2012: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	594
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	339
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	244
Total of all active and inactive participants	2012-01-01	583
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	583
Number of participants with account balances	2012-01-01	433
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	7
2011: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	672
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	376
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	218
Total of all active and inactive participants	2011-01-01	594
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	594
Number of participants with account balances	2011-01-01	479
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	25
2010: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	602
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	469
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	203
Total of all active and inactive participants	2010-01-01	672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	672
Number of participants with account balances	2010-01-01	475
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	22
2009: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	735
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	423
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	177
Total of all active and inactive participants	2009-01-01	600
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	2
Total participants	2009-01-01	602
Number of participants with account balances	2009-01-01	437
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	21

Financial Data on AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN

Measure	Date	Value
2015 : AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-09-04	$0
Total transfer of assets to this plan	2015-09-04	$0
Total transfer of assets from this plan	2015-09-04	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-09-04	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-09-04	$0
Total income from all sources (including contributions)	2015-09-04	$414,458
Total loss/gain on sale of assets	2015-09-04	$0
Total of all expenses incurred	2015-09-04	$14,682,862
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-09-04	$14,612,122
Expenses. Certain deemed distributions of participant loans	2015-09-04	$12,869
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-09-04	$0
Value of total assets at end of year	2015-09-04	$0
Value of total assets at beginning of year	2015-09-04	$14,268,404
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-09-04	$57,871
Total interest from all sources	2015-09-04	$0
Total dividends received (eg from common stock, registered investment company shares)	2015-09-04	$78,423
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-09-04	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2015-09-04	$0
Total dividends received from registered investment company shares (eg mutual funds)	2015-09-04	$78,423
Was this plan covered by a fidelity bond	2015-09-04	Yes
Value of fidelity bond cover	2015-09-04	$500,000
If this is an individual account plan, was there a blackout period	2015-09-04	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-09-04	$0
Were there any nonexempt tranactions with any party-in-interest	2015-09-04	No
Participant contributions at beginning of year	2015-09-04	$67,845
Administrative expenses (other) incurred	2015-09-04	$57,871
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-09-04	No
Value of net income/loss	2015-09-04	$-14,268,404
Value of net assets at end of year (total assets less liabilities)	2015-09-04	$0
Value of net assets at beginning of year (total assets less liabilities)	2015-09-04	$14,268,404
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-09-04	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-09-04	No
Were any leases to which the plan was party in default or uncollectible	2015-09-04	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-09-04	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-09-04	$14,200,559
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-09-04	$336,035
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-09-04	No
Was there a failure to transmit to the plan any participant contributions	2015-09-04	No
Has the plan failed to provide any benefit when due under the plan	2015-09-04	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-09-04	$14,612,122
Did the plan have assets held for investment	2015-09-04	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-09-04	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-09-04	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-09-04	Yes
Opinion of an independent qualified public accountant for this plan	2015-09-04	Disclaimer
Accountancy firm name	2015-09-04	REA & ASSOCIATES
Accountancy firm EIN	2015-09-04	341310124
2014 : AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total transfer of assets to this plan	2014-12-31	$0
Total transfer of assets from this plan	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$806,700
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$985,865
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$870,013
Expenses. Certain deemed distributions of participant loans	2014-12-31	$85,261
Value of total corrective distributions	2014-12-31	$5,806
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$96,126
Value of total assets at end of year	2014-12-31	$14,268,404
Value of total assets at beginning of year	2014-12-31	$14,447,569
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$24,785
Total interest from all sources	2014-12-31	$10,492
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$1,006,998
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$1,006,998
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$96,126
Participant contributions at end of year	2014-12-31	$67,845
Participant contributions at beginning of year	2014-12-31	$230,349
Participant contributions at beginning of year	2014-12-31	$13,428
Administrative expenses (other) incurred	2014-12-31	$24,785
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$-179,165
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$14,268,404
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$14,447,569
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$14,200,559
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$14,203,792
Interest on participant loans	2014-12-31	$10,492
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$-306,916
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$870,013
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	REA & ASSOCIATES
Accountancy firm EIN	2014-12-31	341310124
2013 : AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$2,876,499
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$1,975,105
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$1,904,421
Expenses. Certain deemed distributions of participant loans	2013-12-31	$58,265
Value of total corrective distributions	2013-12-31	$8,949
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$448,808
Value of total assets at end of year	2013-12-31	$14,447,569
Value of total assets at beginning of year	2013-12-31	$13,546,175
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$3,470
Total interest from all sources	2013-12-31	$16,053
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$662,056
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$662,056
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$448,808
Participant contributions at end of year	2013-12-31	$230,349
Participant contributions at beginning of year	2013-12-31	$354,030
Participant contributions at end of year	2013-12-31	$13,428
Participant contributions at beginning of year	2013-12-31	$20,852
Other income not declared elsewhere	2013-12-31	$180
Administrative expenses (other) incurred	2013-12-31	$3,470
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$901,394
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$14,447,569
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$13,546,175
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$14,203,792
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$13,171,293
Interest on participant loans	2013-12-31	$16,053
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$1,749,402
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$1,904,421
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	REA & ASSOCIATES
Accountancy firm EIN	2013-12-31	341310124
2012 : AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$2,193,776
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$2,810,765
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$2,723,078
Expenses. Certain deemed distributions of participant loans	2012-12-31	$51,887
Value of total corrective distributions	2012-12-31	$31,749
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$639,005
Value of total assets at end of year	2012-12-31	$13,546,175
Value of total assets at beginning of year	2012-12-31	$14,163,164
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$4,051
Total interest from all sources	2012-12-31	$21,627
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$396,098
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$396,098
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$500,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$639,005
Participant contributions at end of year	2012-12-31	$354,030
Participant contributions at beginning of year	2012-12-31	$567,334
Participant contributions at end of year	2012-12-31	$20,852
Participant contributions at beginning of year	2012-12-31	$27,958
Other income not declared elsewhere	2012-12-31	$189
Administrative expenses (other) incurred	2012-12-31	$4,051
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-616,989
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$13,546,175
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$14,163,164
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$13,171,293
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$13,567,872
Interest on participant loans	2012-12-31	$21,627
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$1,136,857
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$2,723,078
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	REA & ASSOCIATES
Accountancy firm EIN	2012-12-31	341310124
2011 : AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$904,411
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$1,792,497
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,738,828
Expenses. Certain deemed distributions of participant loans	2011-12-31	$12,169
Value of total corrective distributions	2011-12-31	$36,609
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$877,177
Value of total assets at end of year	2011-12-31	$14,163,164
Value of total assets at beginning of year	2011-12-31	$15,051,250
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$4,891
Total interest from all sources	2011-12-31	$25,158
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$362,672
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$362,672
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$500,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$877,177
Participant contributions at end of year	2011-12-31	$567,334
Participant contributions at beginning of year	2011-12-31	$513,722
Participant contributions at end of year	2011-12-31	$27,958
Participant contributions at beginning of year	2011-12-31	$884
Other income not declared elsewhere	2011-12-31	$13,551
Administrative expenses (other) incurred	2011-12-31	$4,891
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-888,086
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$14,163,164
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$15,051,250
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$13,567,872
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$13,930,557
Interest on participant loans	2011-12-31	$25,158
Value of interest in common/collective trusts at beginning of year	2011-12-31	$605,839
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-374,240
Net investment gain or loss from common/collective trusts	2011-12-31	$93
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Employer contributions (assets) at beginning of year	2011-12-31	$248
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,738,828
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	REA & ASSOCIATES
Accountancy firm EIN	2011-12-31	341310124
2010 : AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total transfer of assets to this plan	2010-12-31	$310,628
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$10,768
Total income from all sources (including contributions)	2010-12-31	$2,233,565
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$3,017,529
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$2,997,026
Expenses. Certain deemed distributions of participant loans	2010-12-31	$6,683
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$1,381,178
Value of total assets at end of year	2010-12-31	$15,051,250
Value of total assets at beginning of year	2010-12-31	$15,535,354
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$13,820
Total interest from all sources	2010-12-31	$27,923
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$216,090
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$216,090
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$1,025,282
Participant contributions at end of year	2010-12-31	$513,722
Participant contributions at beginning of year	2010-12-31	$452,472
Participant contributions at end of year	2010-12-31	$884
Participant contributions at beginning of year	2010-12-31	$40,060
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$1,887
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$5,368
Other income not declared elsewhere	2010-12-31	$41
Administrative expenses (other) incurred	2010-12-31	$13,820
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-783,964
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$15,051,250
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$15,524,586
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$13,930,557
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$13,949,018
Interest on participant loans	2010-12-31	$27,923
Value of interest in common/collective trusts at end of year	2010-12-31	$605,839
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$1,079,319
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$1,079,319
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$605,172
Net investment gain or loss from common/collective trusts	2010-12-31	$3,161
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$354,009
Employer contributions (assets) at end of year	2010-12-31	$248
Employer contributions (assets) at beginning of year	2010-12-31	$14,485
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$2,997,026
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	Yes
Liabilities. Value of benefit claims payable at beginning of year	2010-12-31	$5,400
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	REA & ASSOCIATES
Accountancy firm EIN	2010-12-31	341310124
2009 : AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN

2015: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	Yes
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: AIRNET SYSTEMS, INC. RETIREMENT SAVINGS PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	AIRNET SYSTEMS, INC.
Employer identification number (EIN):	311458309
NAIC Classification:	481000
NAIC Description:	Air Transportation

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	1996-02-15
Company Identification Number:	932022
Legal Registered Office Address:	1300 EAST NINTH STREET - CLEVELAND United States of America (USA) 44114