Retirement plan

PIEDMONT AIRLINES INC. 401K SAVINGS PLAN FOR PILOTS

Name: PIEDMONT AIRLINES, INC. - PIEDMONT AIRLINES INC. 401K SAVINGS PLAN FOR PILOTS (2018) Form 5500
Creator: PIEDMONT AIRLINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIEDMONT AIRLINES INC. 401K SAVINGS PLAN FOR PILOTS, PIEDMONT AIRLINES, INC.

PIEDMONT AIRLINES, INC.EIN 52-0970090Plan #005PY 2018

5443 AIRPORT TERMINAL ROAD - SALISBURY, MD 218019432410-742-2996piedmont-airlines.comLinkedIn5001-10000 employeesairlines/aviation

Other plans on this EIN

3 filings

#003Retirement-$111.6M assets #006Retirement-$47.8M assets #002Retirement-$8.4M assets

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$42.3M

+11.0% from 2016

Total participants

1,169

+23.8% from 2016

Average account balance

$53,242

+26.2% from 2016

Annual return

-11.44%

+9.35 pp from 2016

Benchmarks

See 241 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort241 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$85.74M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$65K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,323

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

64.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+18.37%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$40

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$21,782
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$5,765

Plan features & details

Pension benefit codes2E2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$28K

$25 / participant

Investment mgmt$22K79.1%
Other / not subdivided$6K20.9%

% of EOY assets

0.065%

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: MAYER HOFFMAN MCCANN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,242

$57,606-7.6%

$67,313-20.9%

$75,289-29.3%

Participation rate

65.8%

68.2%-2.4pp

69.1%-3.3pp

72.4%-6.6pp

Annual return

-11.44%

-0.47%-11.0pp

-4.08%-7.4pp

-0.04%-11.4pp

Employer contribution / active EE

$1,130

$2,206-48.8%

$2,566-56.0%

$2,405-53.0%

Participant deferral / active EE

$2,419

$3,195-24.3%

$3,568-32.2%

$3,739-35.3%

Admin fee / account holder

$35

$83-58.1%

$4,507-99.2%

$102-66.1%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.4+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$21,782

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$5,765

PIEDMONT AIRLINES INC. 401K SAVINGS PLAN FOR PILOTS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIEDMONT AIRLINES INC. 401K SAVINGS PLAN FOR PILOTS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion