Retirement plan

JETBLUE AIRWAYS RETIREMENT PLAN

Name: JETBLUE AIRWAYS CORPORATION - JETBLUE AIRWAYS RETIREMENT PLAN (2024) Form 5500
Creator: JETBLUE AIRWAYS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JETBLUE AIRWAYS RETIREMENT PLAN, JETBLUE AIRWAYS CORPORATION

JETBLUE AIRWAYS CORPORATIONEIN 87-0617894Plan #001PY 2024

27-01 QUEENS PLAZA NORTH 7TH FLOOR - LONG ISLAND CITY, NY 11101800-466-5062LinkedIn10001+ employeesairlines/aviation

Other plans on this EIN

1 filing

#002Retirement-$19.2M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5447.1M

-15.7% from 2016

Total participants

27,448

-7.7% from 2016

Average account balance

$202,787

-7.5% from 2016

Annual return

15.25%

-7.35 pp from 2016

Benchmarks

See 51 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort51 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.45B

Not enough data

1 years with asset history on file

Average account balance

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

$203K

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.

26,861

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$397.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+15.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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 10 of 49 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907	Recordkeeping	$1,266,296
MORGAN STANLEY SMITH BARNEY8 years Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 29 1701 MARKET ST · PHILADELPHIA, PA 191032921	Legal	$138,345
MERCER7 years Filed as: MERCER INVESTMENT CONSULTING INC Service code 10 PO BOX 730182 · DALLAS, TX 75373	Accounting	$120,354
SMITH ANGLIN FINANCIAL LLC3 years Service code 26 · EIN 26-0778361	Advisory (Participants)	$87,602
FISHER INVESTMENTS6 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$82,002
MORNINGSTAR6 years Filed as: MORNINGSTAR INVESTMENT SERVICE Service code 26 · EIN 36-4410122	Advisory (Participants)	$69,275
O'HAGAN GROUP INC4 years Service code 26 · EIN 27-5551168	Advisory (Participants)	$49,738
SINGER WEALTH ADVISORS LLC4 years Service code 26 · EIN 46-4915730	Advisory (Participants)	$44,277
CHARLES SCHWAB & CO., INC.8 years Service code 26 · EIN 94-1737782	Advisory (Participants)	$43,694
WELLINGTON WEALTH STRATEGIES2 years Service code 26 · EIN 84-3308570	Advisory (Participants)	$33,858

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$66 / participant

Recordkeeping$1M82.6%
Investment mgmt$120K7.9%
Other / not subdivided$146K9.5%

% of EOY assets

0.028%

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: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $138,345
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$202,787

$140,910+43.9%

$76,030+166.7%

$106,553+90.3%

Participation rate

97.5%

64.1%+33.3pp

69.1%+28.4pp

69.8%+27.6pp

Annual return

15.25%

16.51%-1.3pp

361.54%-346.3pp

17.37%-2.1pp

Employer contribution / active EE

$10,456

$5,354+95.3%

$2,688+289.1%

$3,359+211.3%

Participant deferral / active EE

$6,755

$5,004+35.0%

$4,257+58.7%

$5,562+21.4%

Admin fee / account holder

$57

$117-51.4%

$6,421-99.1%

$80-28.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 15 · EIN 84-0467907

Recordkeeping

$1,266,296

MORGAN STANLEY SMITH BARNEY8 years

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 29

1701 MARKET ST · PHILADELPHIA, PA 191032921

Legal

$138,345

MERCER7 years

Filed as: MERCER INVESTMENT CONSULTING INC

Service code 10

PO BOX 730182 · DALLAS, TX 75373

Accounting

$120,354

SMITH ANGLIN FINANCIAL LLC3 years

Service code 26 · EIN 26-0778361

Advisory (Participants)

$87,602

FISHER INVESTMENTS6 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$82,002

MORNINGSTAR6 years

Filed as: MORNINGSTAR INVESTMENT SERVICE

Service code 26 · EIN 36-4410122

Advisory (Participants)

$69,275

O'HAGAN GROUP INC4 years

Service code 26 · EIN 27-5551168

Advisory (Participants)

$49,738

SINGER WEALTH ADVISORS LLC4 years

Service code 26 · EIN 46-4915730

Advisory (Participants)

$44,277

CHARLES SCHWAB & CO., INC.8 years

Service code 26 · EIN 94-1737782

Advisory (Participants)

$43,694

WELLINGTON WEALTH STRATEGIES2 years

Service code 26 · EIN 84-3308570

Advisory (Participants)

$33,858

JETBLUE AIRWAYS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JETBLUE AIRWAYS RETIREMENT 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