Employers › Willis Lease Finance
Recordkeeping fees per participant · The Willis 401(k) Plan · plan year 2024
$48.54
Higher than 36% of the 14,075 plans $10 to 50M that report it.
= $9,175 / 189
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014164457NAL0003317361001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014164457NAL0003317361001, received 2025-10-14
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.
Administrative expenses excluding investment management, per participant
$116.97
Higher than 49% of the 24,371 plans $10 to 50M that report it.
= $22,108 / 189
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014164457NAL0003317361001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014164457NAL0003317361001, received 2025-10-14
Administrative expenses per participant
$116.97
Higher than 31% of the 25,098 plans $10 to 50M that report it.
= $22,108 / 189
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014164457NAL0003317361001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014164457NAL0003317361001, received 2025-10-14
Administrative expenses as a share of assets
0.055%
Higher than 14% of the 25,132 plans $10 to 50M that report it.
= $22,108 / $40,011,946
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014164457NAL0003317361001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014164457NAL0003317361001, received 2025-10-14
Employer contributions per participant
$5,290
Higher than 92% of the 24,050 plans $10 to 50M that report it.
= $999,752 / 189
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014164457NAL0003317361001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014164457NAL0003317361001, received 2025-10-14
Employer share of total contributions
22.9%
Higher than 33% of the 24,084 plans $10 to 50M that report it.
= $999,752 / $4,372,498
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014164457NAL0003317361001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014164457NAL0003317361001, received 2025-10-14
Employer match
“The Company matches 50% of employee contributions and was capped at $11,750 per employee (or $15,500 for employees at least 50 years of age) in 2025.”
Form 10-K filed 2026-03-10, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014164457NAL0003317361001, received 2025-10-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | WILLIS LEASE FINANCE CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Plan name | THE WILLIS 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Sponsor EIN / plan number | 68-0070656 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Sponsor location | COCONUT CREEK, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Industry (business code) | 333610, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Participants, beginning of year | 180 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Active participants | 160 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Participants, end of year | 194 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Participants with an account balance | 189 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Total assets, beginning of year | $33,198,554 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Total assets, end of year | $40,011,946 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Net assets, end of year | $40,011,946 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Total income | $9,080,175 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Net income | $6,813,392 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Employer contributions | $999,752 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Participant contributions | $2,069,201 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Other contributions (incl. rollovers) | $1,303,545 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Total contributions | $4,372,498 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Benefit payments | $2,244,675 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $2,266,783 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Total administrative expenses | $22,108 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Recordkeeping fees | $9,175 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Administrative expenses excluding investment management | $22,108 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Held in common/collective trusts | $2,983,471 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Held in mutual funds | $36,823,748 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014164457NAL0003317361001, received 2025-10-14 |
| Independent auditor | CBIZ CPAS P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014164457NAL0003317361001, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014164457NAL0003317361001, received 2025-10-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| CHARLES SCHWAB TRUST BANK | NONE | 19 Custodial (securities); 25 Trustee (directed); 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 60 Sub-transfer agency fees; 62 Float revenue | $12,766 | yes |
| MILLIMAN, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan | $9,175 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 19 Custodial (securities); 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014164457NAL0003317361001, received 2025-10-14.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $33,198,554 | $40,011,946 | 20.5% |
| Participants with a balance | 176 | 189 | 7.4% |
| Administrative expenses | $17,906 | $22,108 | 23.5% |
| Recordkeeping fees per participant | $56.24 | $48.54 | -13.7% |
| Employer contributions | $894,674 | $999,752 | 11.7% |
Prior filing 20241011053524NAL0043249266001, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: WILLIS LEASE FINANCE CORPORATION; SEC registrant: WILLIS LEASE FINANCE CORP (CIK 1018164, matched by EIN; display name from the Form 10-K cover).