Retirement plan

UNITED AIRLINES PILOT RETIREMENT ACCOUNT PLAN

Name: UNITED AIRLINES, INC. - UNITED AIRLINES PILOT RETIREMENT ACCOUNT PLAN (2023) Form 5500
Creator: UNITED AIRLINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED AIRLINES PILOT RETIREMENT ACCOUNT PLAN, UNITED AIRLINES, INC.

UNITED AIRLINES, INC.EIN 74-2099724Plan #202PY 2023

233 S. WACKER DRIVE - CHICAGO, IL 60606877-825-3729united.comLinkedIn10001+ employeesairlines/aviation

Other plans on this EIN

5 filings

#222Retirement-$8.89B assets #008Retirement-$4.60B assets #010Retirement-$3.16B assets #011Retirement-$242.7M assets #205Retirement-$174.4M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed December 24, 2004 (most recent of 6 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$14368M

-10.2% from 2016

Total participants

19,509

-1.1% from 2016

Average account balance

$741,076

-8.7% from 2016

Annual return

20.67%

-9.55 pp from 2016

Benchmarks

See 52 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort52 peers

Snapshot2023

Participant deferral / active EE

$15,859

median $3,505

Employer contribution / active EE

$35,829

median $1,273

Participation rate

99.3%

median 65.8%

Avg account balance

$741,076

median $67,068

Admin fee / account holder

$1,150

median $61

Annual return

20.67%

median 18.28%

Overall peer rank

75of 100

75th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$16.84B

Average account balance

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

$841K

Participants with account balance

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

20,025

Eligible Participants and Participation

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

99.2%

Contributions (total)

Employer and participant dollars contributed each year

$1.04B

Contributions per participant

Average employer and participant contribution per enrolled participant

$60K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.19%

Admin fee / account holder

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

$1382

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 50 by compensation

Provider	Service type	Compensation
O'HAGAN GROUP INC3 years Service code 26 · EIN 27-5551168	Advisory (Participants)	$2,469,930
JOHNSON WEALTH INC6 years Service code 26 · EIN 72-1559585	Advisory (Participants)	$1,206,849
UNITED WEALTH MANAGEMENT9+ years Filed as: UNITED WEALTH MANAGEMENT LLC Service code 26 · EIN 56-2493882	Advisory (Participants)	$1,149,937
PARSONS CAPITAL MGMT LLC9+ years Service code 26 · EIN 23-3087059	Advisory (Participants)	$1,095,105
SOLITUDE FINANCIAL SERVICES9+ years Service code 26 · EIN 45-1579876	Advisory (Participants)	$943,477
FISHER INVESTMENTS9+ years Service code 26 · EIN 20-2480800	Advisory (Participants)	$818,308
RATIO WEALTH GROUP LLC4 years Service code 26 · EIN 82-3615538	Advisory (Participants)	$772,011
AVIATOR FINANCIAL CONSULTING L4 years Service code 26 · EIN 83-1210875	Advisory (Participants)	$719,086
JP MORGAN INVESTMENT MANAGEMENT INC9+ years Filed as: TOTAL INVESTMENT MANAGEMENT IN Service code 26 · EIN 86-0912979	Advisory (Participants)	$711,746
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Float rev...	$633,232

Plan features & details

Pension benefit codes2E2F2G2J2K2R3H2S2T3J

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)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$22.3M

$1341 / participant

Recordkeeping$344K1.5%
Investment mgmt$22M98.5%

% of EOY assets

0.155%

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: MITCHELL & TITUS
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$741,076

$119,999+517.6%

$70,589+949.9%

$96,393+668.8%

Participation rate

99.3%

66.2%+33.1pp

68.4%+30.9pp

71.3%+28.0pp

Annual return

20.67%

20.36%+0.3pp

32.80%-12.1pp

22.88%-2.2pp

Employer contribution / active EE

$35,829

$4,602+678.5%

$2,977+1103.5%

$3,239+1006.3%

Participant deferral / active EE

$15,859

$4,604+244.4%

$4,569+247.1%

$5,455+190.7%

Admin fee / account holder

$1,150

$95+1115.1%

$6,430-82.1%

$74+1456.1%

Provider

Service type

Compensation

O'HAGAN GROUP INC3 years

Service code 26 · EIN 27-5551168

Advisory (Participants)

$2,469,930

JOHNSON WEALTH INC6 years

Service code 26 · EIN 72-1559585

Advisory (Participants)

$1,206,849

UNITED WEALTH MANAGEMENT9+ years

Filed as: UNITED WEALTH MANAGEMENT LLC

Service code 26 · EIN 56-2493882

Advisory (Participants)

$1,149,937

PARSONS CAPITAL MGMT LLC9+ years

Service code 26 · EIN 23-3087059

Advisory (Participants)

$1,095,105

SOLITUDE FINANCIAL SERVICES9+ years

Service code 26 · EIN 45-1579876

Advisory (Participants)

$943,477

FISHER INVESTMENTS9+ years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$818,308

RATIO WEALTH GROUP LLC4 years

Service code 26 · EIN 82-3615538

Advisory (Participants)

$772,011

AVIATOR FINANCIAL CONSULTING L4 years

Service code 26 · EIN 83-1210875

Advisory (Participants)

$719,086

JP MORGAN INVESTMENT MANAGEMENT INC9+ years

Filed as: TOTAL INVESTMENT MANAGEMENT IN

Service code 26 · EIN 86-0912979

Advisory (Participants)

$711,746

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Float rev...

$633,232

UNITED AIRLINES PILOT RETIREMENT ACCOUNT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED AIRLINES PILOT RETIREMENT ACCOUNT PLAN

Top hat statement on fileNQDC

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