Retirement plan
ALASKA AIRLINES, INC. ALASKASAVER PLAN
ALASKA AIRLINES, INC.EIN 92-0009235Plan #017PY 2023
PO BOX 68900 - SEAHB - SEATTLE, WA 98168206-392-5042alaskaairlines.comLinkedIn51-200 employeesairlines/aviation
Prospect flagsFailed to transmit contributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ANDREA SCHNEIDER
Signed 10/10/2024
Summary metrics
Total assets (EOY)
$664.5M
-12.6% from 2021
Total participants
4,669
-3.6% from 2021
Average account balance
$143,763
-9.5% from 2021
Annual return
17.84%
-1.70 pp from 2021
Benchmarks
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants1,000-4,999
Cohort268 peers
Snapshot2023
81
Participant deferral / active EE
$10,030
median $3,494
88
Employer contribution / active EE
$7,435
median $1,374
87
Participation rate
98.5%
median 83.9%
88
Avg account balance
$143,763
median $42,202
56
Admin fee / account holder
$78
median $86
49
Annual return
17.84%
median 17.86%
Overall peer rank
75of 100
75th percentileavg across 6 metrics
Analytics
2020 - 2024
Total assets (EOY)
Plan-year ending balance
$761.56M
Average account balance
Total assets / participants with a balance (line 6g)
$174K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,389
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.8%
Contributions (total)
Employer and participant dollars contributed each year
$58.79M
Contributions per participant
Average employer and participant contribution per enrolled participant
$19K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.24%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$55
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
VANGUARD ADVISERS INC.2 years Service code 26 · EIN 23-2811930 | Advisory (Participants) | $206,901 |
THE VANGUARD GROUP, INC.4+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $137,026 |
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524 | Advisory (Plan) | $14,638 |
Service code 37 · EIN 04-2647786 | Loan Processing | $104 |
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 codes2E2F2H2J2K2R2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2HPartial participant-directed account planParticipants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Expense breakdown
Schedule H Part II
Admin total
$359K
$116 / participant
- Recordkeeping$344K95.9%
- Investment mgmt$15K4.1%
% of EOY assets
0.054%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- CLARK NUBER PS
- Auditor EIN
- 911194016
- Audit fees
- $0
- Opinion code
- Unqualified