PlanOptica
Retirement plan

ALASKA AIRLINES, INC. PILOTS INVESTMENT AND SAVINGS PLAN

ALASKA AIRLINES, INC.EIN 92-0009235Plan #011PY 2019
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P.O. BOX 68900 SEAHB - SEATTLE, WA 98168206-433-3200alaskaairlines.comLinkedIn51-200 employeesairlines/aviation
Other plans on this EIN
6 filings
#003Retirement-$1.29B assets#012Retirement-$734.9M assets#013Retirement-$643.9M assets#002Retirement-$267.9M assets#008Retirement-$249.9M assets#001Retirement--
Prospect flagsHigh assets / participantFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(206) 433-3200
Plan administrator signer
JOSH MADSEN
Signed 10/15/2020
How to read this page

Summary metrics

Total assets (EOY)
$1338.5M
-10.1% from 2016
Total participants
3,226
-5.2% from 2016
Average account balance
$418,034
-5.0% from 2016
Annual return
25.84%
-6.64 pp from 2016

Benchmarks

See 239 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants1,000-4,999
Cohort239 peers
Snapshot2019
Participant deferral / active EE
$15,504
median $2,664
Employer contribution / active EE
$23,858
median $973
Participation rate
99.2%
median 80.2%
Avg account balance
$418,034
median $36,641
Admin fee / account holder
$48
median $74
Annual return
25.84%
median 21.98%
Overall peer rank
87th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.61B
Average account balance
Total assets / participants with a balance (line 6g)
$642K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,066
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.4%
Contributions (total)
Employer and participant dollars contributed each year
$196.73M
Contributions per participant
Average employer and participant contribution per enrolled participant
$57K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+17.40%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$-24
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 2 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.5+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$196,481
FIDELITY INVESTMENTS INSTITUTIONAL5+ years
Service code 37 · EIN 04-2647786
Loan Processing
$28,079

Top hat statement on fileNQDC

Filed January 17, 2023 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
19300 International Blvd.
Seatac, WA 98188
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

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

Open the filing PDF

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T3H2E
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)).

Opportunity flags

2 tripped
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • InformationalHigh assets / participant

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

Expense breakdown

Schedule H Part II
Admin total
$155K
$50 / participant
  • Investment mgmt$196K126.6%
% of EOY assets
0.012%
all-in expense ratio
Categories reported
1 / 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