PlanOptica
Retirement plan

UNITED AIRLINES PILOT RETIREMENT ACCOUNT PLAN

UNITED AIRLINES, INC. - WHQHREIN 74-2099724Plan #202PY 2020
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233 S. WACKER, SUITE 2500 - CHICAGO, IL 60606877-825-3729united.comLinkedIn10001+ employeesairlines/aviation
Other plans on this EIN
5 filings
#222Retirement-$8.50B assets#008Retirement-$4.29B assets#010Retirement-$3.61B assets#011Retirement-$486.5M assets#205Retirement-$184.5M assets
Prospect flagsHigh feesHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(877) 825-3729
Plan administrator signer
KELVIN JONES
Signed 10/12/2021
Plan administrator entity
UNITED AIRLINES, INC. ADMINISTRATIVE COMMITTEE
EIN 742099724
233 S.WACKER, SUITE 2500 · CHICAGO, IL 60606
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Summary metrics

Total assets (EOY)
$12716.7M
-10.2% from 2016
Total participants
14,553
-1.1% from 2016
Average account balance
$878,772
-8.7% from 2016
Annual return
17.90%
-9.55 pp from 2016

Benchmarks

See 43 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants>=10,000
Cohort43 peers
Snapshot2020
Participant deferral / active EE
$15,382
median $2,848
Employer contribution / active EE
$33,201
median $987
Participation rate
99.4%
median 68.7%
Avg account balance
$878,772
median $72,419
Admin fee / account holder
$1,958
median $62
Annual return
17.90%
median 14.95%
Overall peer rank
75th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$16.84B
Average account balance
Total assets / participants with a balance (line 6g)
$841K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
20,025
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.2%
Contributions (total)
Employer and participant dollars contributed each year
$1.04B
Contributions per participant
Average employer and participant contribution per enrolled participant
$60K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+17.19%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$1382
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
KMS FINANCIAL SERVICES INC6+ years
Service code 26 · EIN 91-0850651
Advisory (Participants)
$2,375,616
JOHNSON WEALTH INC3 years
Service code 26 · EIN 72-1559585
Advisory (Participants)
$1,393,352
TOTAL INVESTMENT MANAGEMENT IN6+ years
Service code 26 · EIN 86-0912979
Advisory (Participants)
$783,628
UNITED WEALTH MANAGEMENT LLC6+ years
Service code 26 · EIN 56-2493882
Advisory (Participants)
$767,537
CHARLES SCHWAB & CO., INC.6+ years
Service code 33 · EIN 94-1737782
Securities brokerage; Shareholder ser...
$753,004
SOLITUDE FINANCIAL SERVICES6+ years
Service code 26 · EIN 45-1579876
Advisory (Participants)
$716,091
EFFICIENT WEALTH MANAGEMENT6+ years
Service code 26 · EIN 20-8804041
Advisory (Participants)
$660,347
ACT WEALTH MANAGEMENT LLC6+ years
Service code 26 · EIN 27-4100156
Advisory (Participants)
$620,500
PARSONS CAPITAL MGMT LLC6+ years
Service code 26 · EIN 23-3087059
Advisory (Participants)
$573,171
AVIATOR FINANCIAL CONSULTING L1 year
Service code 26 · EIN 83-1210875
Advisory (Participants)
$513,938

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 codes2E2F2G2J2K2R3H2S2T3J
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 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

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$28.3M
$2230 / participant
  • Investment mgmt$24M86.3%
  • Contract admin$4M13.7%
% of EOY assets
0.223%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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