Retirement plan

LATAM AIRLINES GROUP, S. A. , INC. 401K PLAN

Name: LATAM AIRLINES GROUP, S.A., INC. - LATAM AIRLINES GROUP, S. A. , INC. 401K PLAN (2020) Form 5500
Creator: LATAM AIRLINES GROUP, S.A., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LATAM AIRLINES GROUP, S. A. , INC. 401K PLAN, LATAM AIRLINES GROUP, S.A., INC.

LATAM AIRLINES GROUP, S.A., INC.EIN 59-2605885Plan #001PY 2020

6500 NW 22ND STREET - MIAMI, FL 331222234786-265-6385

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$17.3M

+8.0% from 2019

Total participants

367

-10.3% from 2019

Average account balance

$57,810

+13.0% from 2019

Annual return

13.25%

-8.68 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.65M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

247

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.

62.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FERNANDEZ LISSETTE4 years Filed as: LISETTE FERNANDEZ Service code 99 · EIN 26-6935521	Other Fees	$37,715
VOYA RETIREMENT INSURANCE & ANNUITY4 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$7,572
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$7,208

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$12K

$58 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.070%

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: ALONSO & GARCIA
Auditor EIN: 650894734
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,810

$55,636+3.9%

$81,991-29.5%

$73,493-21.3%

Participation rate

67.5%

62.3%+5.2pp

69.3%-1.8pp

70.7%-3.2pp

Annual return

13.25%

19.07%-5.8pp

41.31%-28.1pp

28.51%-15.3pp

Employer contribution / active EE

$574

$1,625-64.6%

$2,498-77.0%

$2,270-74.7%

Participant deferral / active EE

$3,160

$2,762+14.4%

$3,722-15.1%

$3,740-15.5%

Admin fee / account holder

$40

$493-91.8%

$5,665-99.3%

$513-92.2%

Provider

Service type

Compensation

FERNANDEZ LISSETTE4 years

Filed as: LISETTE FERNANDEZ

Service code 99 · EIN 26-6935521

Other Fees

$37,715

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$7,572

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$7,208

LATAM AIRLINES GROUP, S. A. , INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LATAM AIRLINES GROUP, S. A. , INC. 401K PLAN

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