Retirement plan

JETBLUE AIRWAYS RETIREMENT PLAN

Name: JETBLUE AIRWAYS COPORATION - JETBLUE AIRWAYS RETIREMENT PLAN (2018) Form 5500
Creator: JETBLUE AIRWAYS COPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JETBLUE AIRWAYS RETIREMENT PLAN, JETBLUE AIRWAYS COPORATION

JETBLUE AIRWAYS COPORATIONEIN 87-0617894Plan #001PY 2018

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

Other plans on this EIN

1 filing

#002Retirement-$8.3M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$2306M

-15.7% from 2016

Total participants

23,473

-7.7% from 2016

Average account balance

$98,455

-7.5% from 2016

Annual return

-5.17%

-7.35 pp from 2016

Benchmarks

See 42 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort42 peers

Snapshot2018

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907	Recordkeeping	$1,262,771
MERCER1 year Filed as: MERCER INVESTMENT CONSULTING INC Service code 10 3560 LENOX RD STE 2400 · ATLANTA, GA 30326	Accounting	$103,937
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO Service code 59 · EIN 94-1737782	Shareholder Servicing	$86,590
MERCER2 years Filed as: MERCER INVESTMENT MANAGEMENT INC Service code 29 21875 NETWORK PL · CHICAGO, IL 606731218	Legal	$29,024
PARSONS CAPITAL MGMT LLC1 year Service code 59 · EIN 23-3087059	Shareholder Servicing	$10,783
QDRO CONSULTANTS COMPANY, LLC1 year Filed as: QDRO CONSULTANTS COMPANY LLC Service code 16 3071 PEARL ROAD · MEDINA, OH 44256	Consulting	$7,200
HART CAPITAL MANAGEMENT1 year Filed as: HART CAPITAL MANAGEMENT INC. Service code 59 · EIN 91-1672168	Shareholder Servicing	$6,647
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: TOTAL INVESTMENT MANAGEMENT INC Service code 59 · EIN 86-0912979	Shareholder Servicing	$5,808
SOLITUDE FINANCIAL SERVICES1 year Service code 59 · EIN 45-1579876	Shareholder Servicing	$5,381
CHARLES SCHWAB & CO., INC.2 years Service code 59	Shareholder Servicing	$0

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

$1.4M

$65 / participant

Investment mgmt$133K9.5%
Other / not subdivided$1M90.5%

% of EOY assets

0.061%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,455

$96,540+2.0%

$67,313+46.3%

$73,367+34.2%

Participation rate

99.8%

65.8%+34.0pp

69.1%+30.7pp

69.5%+30.3pp

Annual return

-5.17%

-4.11%-1.1pp

-4.08%-1.1pp

173.45%-178.6pp

Employer contribution / active EE

$7,614

$4,087+86.3%

$2,566+196.8%

$2,499+204.7%

Participant deferral / active EE

$4,988

$3,965+25.8%

$3,568+39.8%

$4,033+23.7%

Admin fee / account holder

$60

$100-39.9%

$4,507-98.7%

$68-12.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15 · EIN 84-0467907

Recordkeeping

$1,262,771

MERCER1 year

Filed as: MERCER INVESTMENT CONSULTING INC

Service code 10

3560 LENOX RD STE 2400 · ATLANTA, GA 30326

Accounting

$103,937

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO

Service code 59 · EIN 94-1737782

Shareholder Servicing

$86,590

MERCER2 years

Filed as: MERCER INVESTMENT MANAGEMENT INC

Service code 29

21875 NETWORK PL · CHICAGO, IL 606731218

Legal

$29,024

PARSONS CAPITAL MGMT LLC1 year

Service code 59 · EIN 23-3087059

Shareholder Servicing

$10,783

QDRO CONSULTANTS COMPANY, LLC1 year

Filed as: QDRO CONSULTANTS COMPANY LLC

Service code 16

3071 PEARL ROAD · MEDINA, OH 44256

Consulting

$7,200

HART CAPITAL MANAGEMENT1 year

Filed as: HART CAPITAL MANAGEMENT INC.

Service code 59 · EIN 91-1672168

Shareholder Servicing

$6,647

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: TOTAL INVESTMENT MANAGEMENT INC

Service code 59 · EIN 86-0912979

Shareholder Servicing

$5,808

SOLITUDE FINANCIAL SERVICES1 year

Service code 59 · EIN 45-1579876

Shareholder Servicing

$5,381

CHARLES SCHWAB & CO., INC.2 years

Service code 59

Shareholder Servicing

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