Retirement plan
ALASKA AIRLINES, INC., FIXED INCOME RETIREMENT PLAN FOR PILOTS
ALASKA AIRLINES, INC.EIN 92-0009235Plan #003PY 2018
PO BOX 68900 - SEAHB - SEATTLE, WA 981680900206-392-5000alaskaairlines.comLinkedIn51-200 employeesairlines/aviation
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOSH MADSEN
Signed 10/11/2019
Summary metrics
Total assets (EOY)
$1114.7M
-6.8% from 2016
Total participants
1,813
+0.1% from 2016
Average account balance
$0
No prior year
Annual return
-5.92%
-12.33 pp from 2016
Benchmarks
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined benefit
Participants1,000-4,999
Cohort30 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $1
83
Employer contribution / active EE
$24,690
median $10,994
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $955,976
0
Admin fee / account holder
$0
median $0
21
Annual return
-5.92%
median -4.20%
Overall peer rank
52of 100
52nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.21B
Average account balance
Total assets / participants with a balance (line 6g)
$688K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,009
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
$47.87M
Contributions per participant
Average employer and participant contribution per enrolled participant
$64K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.71%
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 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PRUDENTIAL RETIREMENT4+ years Service code 23 · EIN 06-1050034 280 TRUMBEULL ST. H07X · HARTFORD, CT 06103 | Insurance services | $30,393 |
Enrolled actuary
1 attachment
SB
CHRISTOPHER R. LAYTON, FSA, EA
MERCER
Enrollment #1707243
1301 FIFTH AVENUE SUITE 1900
SEATTLE, WA 98101
(206) 214-3500
Signed 2019-09-27
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
1 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$30K
$28 / participant
- Other / not subdivided$30K100.0%
% of EOY assets
0.003%
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
- CLARK NUBER, P.S.
- Auditor EIN
- 911194016
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer