How big is Bering Air, Inc.'s plan?

Bering Air, Inc.'s plan reported $15.6M in assets and 169 participants for 2024.

Original filing (PDF)20251001123815NAL0012621361001

Bering Air, Inc.

Name: Bering Air, Inc. — Bering Air, Inc. 401(k) Profit, Form 5500 (2024)
Creator: Bering Air, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Bering Air, Inc. 401(k) Profit Sharing Plan and Trust

401(k) retirement plan · Bering Air, Inc.'s Bering Air, Inc. 401(k) Profit Sharing Plan and Trust held $15.6M in plan assets for 169 participants in 2024, with Empower as recordkeeper.

Signals · 1

Corrective distributions issued

Active participants

169

Accounts w/ balance

236

Plan assets (EOY)

$15.6M

Net assets (EOY)

$15.6M

People on this filing

Jackie Karmun signed Bering Air, Inc.'s 2024 Form 5500 as plan administrator.

Jackie Karmun — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Bering Air, Inc.'s EIN is 92-0073342.

EIN 92-0073342

Plan number 001

Plan year 2024

ACK ID 20251001123815NAL0012621361001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Bering Air, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Bering Air, Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

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How this plan invests

This plan

1 pooled trust

Schedule D

33 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).
Total administrative cost in the bottom quartile of peers (15th percentile).

Plan sponsor

Name

BERING AIR, INC.

EIN

all filings

Address

PO BOX 1650 · NOME, AK · 997621650

Phone

(907) 443-8982

Industry

Transportation & Warehousing

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-01

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3B · Covers self-employed individuals

3D · Pre-approved plan (master / prototype / VS)

Service providers (Schedule C)

3 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
EMPOWER ANNUITY INSURANCE COMPANY	—	GREENWOOD VILLAGE, CO	RECORDKEEPER	$56K	—
EMPOWER ADVISORY GROUP, LLC	—	GREENWOOD VILLAGE, CO	INVESTMENT MGMT	$1K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
UBS FINANCIAL SERVICES INC

Investments

33 direct securities · 1 pooled fund· $31.0M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.

Pooled Separate Account

$15.4M

1 holding

Pooled Separate Accounts

$15.4M

31 holdings

Participant loans

$116K

1 holding

Stable Value

$33K

1 holding

					% of plan
SEPARATE ACCOUNT 401 TALCOTT RESOLUTION LIFE INSURANCE COMPANY · EIN 06-0974148 / PN 000	Pooled Separate Account	—	—	$15.4M	99.0%
American Funds Growth Fund of America Pooled separate account	Pooled Separate Accounts	—	—	$2.9M	18.9%
JP Morgan US Equity Pooled separate account	Pooled Separate Accounts	—	—	$2.6M	16.8%
Mass Mutual Select T. Rowe Retirement 2060 Pooled separate account	Pooled Separate Accounts	—	—	$1.3M	8.5%
Vanguard 500 Index Pooled separate account	Pooled Separate Accounts	—	—	$1.1M	7.3%
MFS Mid Cap Value Pooled separate account	Pooled Separate Accounts	—	—	$1.0M	6.5%
JP Morgan Mid Cap Equity Income Pooled separate account	Pooled Separate Accounts	—	—	$809K	5.2%
American Funds Balanced Pooled separate account	Pooled Separate Accounts	—	—	$726K	4.7%
Mass Mutual Select T. Rowe Retirement 2050 Pooled separate account	Pooled Separate Accounts	—	—	$643K	4.1%
Mass Mutual Select T. Rowe Retirement 2055 Pooled separate account	Pooled Separate Accounts	—	—	$635K	4.1%
MFS Growth Pooled separate account	Pooled Separate Accounts	—	—	$489K	3.1%
Blackrock Equity Dividend Pooled separate account	Pooled Separate Accounts	—	—	$485K	3.1%
Mass Mutual Select T. Rowe Retirement 2040 Pooled separate account	Pooled Separate Accounts	—	—	$401K	2.6%
MFS Total Return Bond Pooled separate account	Pooled Separate Accounts	—	—	$335K	2.2%
Mass Mutual Select T. Rowe Retirement 2045 Pooled separate account	Pooled Separate Accounts	—	—	$292K	1.9%
American Funds Capital World Growth and Income Pooled separate account	Pooled Separate Accounts	—	—	$246K	1.6%
Mass Mutual Select T. Rowe Retirement 2035 Pooled separate account	Pooled Separate Accounts	—	—	$183K	1.2%
MFS New Discovery Pooled separate account	Pooled Separate Accounts	—	—	$182K	1.2%
Vanguard Total International Stock Index Pooled separate account	Pooled Separate Accounts	—	—	$146K	0.9%
Pioneer Strategic Income Pooled separate account	Pooled Separate Accounts	—	—	$130K	0.8%
Blackrock Global Allocation Pooled separate account	Pooled Separate Accounts	—	—	$125K	0.8%
Mass Mutual Select T. Rowe Retirement 2020 Pooled separate account	Pooled Separate Accounts	—	—	$119K	0.8%
Participant Loans maturing through May 2030 -0-	Participant loans	—	—	$116K	0.7%
JP Morgan Equity Income Pooled separate account	Pooled Separate Accounts	—	—	$110K	0.7%
Mass Mutual Select T. Rowe Retirement 2030 Pooled separate account	Pooled Separate Accounts	—	—	$86K	0.6%
Vanguard Small Cap Index Pooled separate account	Pooled Separate Accounts	—	—	$60K	0.4%
MFS International Growth Pooled separate account	Pooled Separate Accounts	—	—	$56K	0.4%
Mass Mutual Fixed Account Guaranteed Investment Contract	Stable Value	—	—	$33K	0.2%
American Funds Capital Income Pooled separate account	Pooled Separate Accounts	—	—	$30K	0.2%
Vanguard Mid Cap Index Admiral Pooled separate account	Pooled Separate Accounts	—	—	$23K	0.1%
Mass Mutual Select T. Rowe Retirement 2005 Pooled separate account	Pooled Separate Accounts	—	—	$23K	0.1%
Invesco Small Cap Equity Pooled separate account	Pooled Separate Accounts	—	—	$22K	0.1%
Blackrock Multi-Asset Income Portfolio Pooled separate account	Pooled Separate Accounts	—	—	$10K	<0.1%
Mass Mutual Select T. Rowe Retirement Balanced Pooled separate account	Pooled Separate Accounts	—	—	$4K	<0.1%