PlanOptica
Retirement plan

THE CONTINENTAL PILOTS RETIREMENT PLAN

UNITED AIRLINES, INC.EIN 74-2099724Plan #011PY 2022
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609 MAIN STREET, 18TH FLOOR HSCBP - HOUSTON, TX 77002877-825-3729united.comLinkedIn10001+ employeesairlines/aviation
Other plans on this EIN
5 filings
#202Retirement-$11.82B assets#222Retirement-$7.42B assets#008Retirement-$3.88B assets#010Retirement-$3.03B assets#205Retirement-$154.9M assets
Prospect flagsLow returnsLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(877) 825-3729
How to read this page

Summary metrics

Total assets (EOY)
$273.2M
-10.5% from 2017
Total participants
1,831
+5.4% from 2017
Average account balance
$0
No prior year
Annual return
-17.13%
-8.06 pp from 2017

Benchmarks

See 32 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined benefit
Participants1,000-4,999
Cohort32 peers
Snapshot2022
Participant deferral / active EE
$0
median $1,496
Employer contribution / active EE
$9,104
median $12,499
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,456,633
Admin fee / account holder
$0
median $14,884
Annual return
-17.13%
median -12.35%
Overall peer rank
18th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$231.48M
Average account balance
Total assets / participants with a balance (line 6g)
$144K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
424
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$4.80M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.54%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 7 by compensation
ProviderService typeCompensation
TOWERS WATSON INVESTMENT SERVICE3 years
Service code 16 · EIN 52-1868818
Consulting
$329,431
PIMCO4 years
Service code 28 · EIN 33-0629048
Investment Management
$144,932
ALIGHT SOLUTIONS LLC5 years
Service code 15 · EIN 36-2235791
Recordkeeping
$95,194
NORTHERN TRUST COMPANY4 years
Service code 21 · EIN 36-1561860
Bank Trustee
$78,721
LEGAL & GENERAL INVESTMENT3 years
Service code 28 · EIN 20-8058531
Investment Management
$71,534
PARAMETRIC4 years
Service code 28 · EIN 20-0292745
Investment Management
$19,793
MITCHELL & TITUS, LLP4 years
Service code 10 · EIN 13-2781641
Accounting
$17,958

Enrolled actuary

1 attachment
SB

REBECCA J. PETERSEN

WILLIS TOWERS WATSON US LLC
Enrollment #2307092
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 606061900
(312) 288-7700
Signed 2023-09-19

Top hat statement on fileNQDC

Filed December 24, 2004 (most recent of 6 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A1I3H3J
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$2.8M
$1975 / participant
  • Investment mgmt$274K9.6%
  • Contract admin$95K3.4%
  • Other / not subdivided$2M87.0%
% of EOY assets
1.040%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MITCHELL & TITUS
Auditor EIN
132781641
Audit fees
(not subdivided)
Opinion code
Unqualified