Retirement plan
ALASKA AIRLINES, INC., RETIREMENT PLAN FOR MECHANICS & RELATED CRAFTS EMPLOYEES
ALASKA AIRLINES, INC.EIN 92-0009235Plan #002PY 2020
PO BOX 68900 - SEAHB - SEATTLE, WA 981680900206-392-5000alaskaairlines.comLinkedIn51-200 employeesairlines/aviation
Prospect flagsHigh retiree %Low employer contributionWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOSH MADSEN
Signed 10/14/2021
Summary metrics
Total assets (EOY)
$309.1M
-6.7% from 2016
Total participants
2,154
+0.9% from 2016
Average account balance
$0
No prior year
Annual return
18.52%
-12.49 pp from 2016
Benchmarks
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined benefit
Participants250-999
Cohort63 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $308
0
Employer contribution / active EE
$0
median $12,396
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $1,168,160
0
Admin fee / account holder
$0
median $13,084
85
Annual return
18.52%
median 10.35%
Overall peer rank
43of 100
43rd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$256.77M
Average account balance
Total assets / participants with a balance (line 6g)
$125K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,546
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
$14.14M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$19K
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-0.47%
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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Enrolled actuary
1 attachment
SB
CHRISTOPHER R.LAYTON, FSA, EA
MERCER
Enrollment #2007243
1301 FIFTH AVENUE, SUITE 1900
SEATTLE, WA 981012682
(206) 214-3500
Signed 2021-10-01
Top hat statement on fileNQDC
Filed January 17, 2023 (most recent of 5 filings on file)
Plan administrator
Plans declared (6)
- FIP Equalization Agreement1 emp
- FIP Equalization Agreement1 emp
- FIP Equalization Agreement1 emp
- FIP Equalization Agreement1 emp
- FIP Equalization Agreement1 emp
- +1 more
Total covered: 6 employees
Plan features & details
Pension benefit codes1A3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
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
- CLARK NUBER, P.S.
- Auditor EIN
- 911194016
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer