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Retirement plan

UNITED AIRLINES 401(K) SAVINGS PLAN

UNITED AIRLINES, INC.EIN 74-2099724Plan #222PY 2017
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233 SOUTH WACKER DRIVE, 25TH FLOOR - CHICAGO, IL 60606877-825-3729united.comLinkedIn10001+ employeesairlines/aviation
Other plans on this EIN
5 filings
#202Retirement-$9.01B assets#010Retirement-$3.36B assets#008Retirement-$3.34B assets#011Retirement-$721.0M assets#205Retirement-$158.0M assets
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(877) 825-3729
Plan administrator signer
F. RAINIER VILLATUYA
Signed 10/11/2018
Plan administrator entity
UNITED AIRLINES RETIREMENT PLANS ADMINISTRATIVE COMMITTEE
EIN 742099724
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Summary metrics

Total assets (EOY)
$7028.7M
-77.3% from 2016
Total participants
66,443
-82.7% from 2016
Average account balance
$111,137
+25.5% from 2016
Annual return
1.43%
-337.90 pp from 2016

Benchmarks

See 41 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants>=10,000
Cohort41 peers
Snapshot2017
Participant deferral / active EE
$5,879
median $2,975
Employer contribution / active EE
$2,661
median $1,269
Participation rate
93.9%
median 65.5%
Avg account balance
$111,137
median $74,515
Admin fee / account holder
$51
median $54
Annual return
1.43%
median 17.42%
Overall peer rank
59th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$10.29B
Average account balance
Total assets / participants with a balance (line 6g)
$133K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
77,056
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
83.7%
Contributions (total)
Employer and participant dollars contributed each year
$617.08M
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+18.09%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$35
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
FIDELITY INVSTS INST OPS CO, INC.3+ years
Service code 15 · EIN 04-2647786
Recordkeeping
$3,295,830
TOWERS WATSON3+ years
Service code 16 · EIN 53-0181291
Consulting
$148,866
UNITED AIRLINES1 year
Service code 27 · EIN 74-2099724
Advisory (Plan)
$140,139
PAVILION ADVISORY GROUP INC.1 year
Service code 27 · EIN 04-3831795
Advisory (Plan)
$46,527
BLACKROCK1 year
Service code 28 · EIN 94-3112180
Investment Management
$44,110
WASHINGTON, PITTMAN & MCKEEVER, LLC3+ years
Service code 10 · EIN 36-4189747
Accounting
$32,200
PIMCO1 year
Service code 72 · EIN 33-0629048
Other investment fees and expenses
$10,322

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 codes2E2F2G2J2R2T3H
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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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)).

Opportunity flags

1 tripped
  • OpportunityLow returns

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

Expense breakdown

Schedule H Part II
Admin total
$3.2M
$62 / participant
  • Other / not subdivided$3M100.0%
% of EOY assets
0.046%
all-in expense ratio
Categories reported
0 / 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
WASHINGTON, PITTMAN & MCKEEVER, LLC
Auditor EIN
364189747
Audit fees
(not subdivided)
Opinion code
Disclaimer