Retirement plan

JETBLUE AIRWAYS RETIREMENT PLAN

Name: JETBLUE AIRWAYS CORPORATION - JETBLUE AIRWAYS RETIREMENT PLAN (2019) 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 2019

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

Other plans on this EIN

1 filing

#002Retirement-$11.7M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$3069.7M

-15.7% from 2016

Total participants

24,451

-7.7% from 2016

Average account balance

$125,901

-7.5% from 2016

Annual return

24.29%

-7.35 pp from 2016

Benchmarks

See 46 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort46 peers

Snapshot2019

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 13 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907	Recordkeeping	$1,234,425
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO Service code 59 · EIN 94-1737782	Shareholder Servicing	$93,206
MERCER2 years Filed as: MERCER INVESTMENT CONSULTING INC Service code 10 3560 LENOX RD STE 2400 · ATLANTA, GA 30326	Accounting	$79,506
MERCER3 years Filed as: MERCER INVESTMENT MANAGEMENT INC Service code 29 21875 NETWORK PL · CHICAGO, IL 606731218	Legal	$42,852
LMCG INVESTMENTS LLC1 year Service code 59 · EIN 27-0282607	Shareholder Servicing	$13,273
PARSONS CAPITAL MGMT LLC2 years Service code 59 · EIN 23-3087059	Shareholder Servicing	$11,602
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: TOTAL INVESTMENT MANAGEMENT INC Service code 59 · EIN 86-0912979	Shareholder Servicing	$8,219
FISHER INVESTMENTS1 year Service code 59 · EIN 20-2480800	Shareholder Servicing	$7,584
SOLITUDE FINANCIAL SERVICES2 years Service code 59 · EIN 45-1579876	Shareholder Servicing	$7,309
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT SERVICE Service code 59 · EIN 36-3297908	Shareholder Servicing	$6,527

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

$62 / participant

Investment mgmt$122K9.0%
Other / not subdivided$1M91.0%

% of EOY assets

0.044%

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

$125,901

$106,734+18.0%

$75,906+65.9%

$89,609+40.5%

Participation rate

99.7%

65.6%+34.1pp

69.3%+30.4pp

69.6%+30.1pp

Annual return

24.29%

24.20%+0.1pp

30.73%-6.4pp

33.65%-9.4pp

Employer contribution / active EE

$8,570

$3,939+117.5%

$2,501+242.6%

$2,584+231.6%

Participant deferral / active EE

$5,063

$3,965+27.7%

$3,604+40.5%

$4,222+19.9%

Admin fee / account holder

$56

$80-30.2%

$5,421-99.0%

$72-22.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15 · EIN 84-0467907

Recordkeeping

$1,234,425

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO

Service code 59 · EIN 94-1737782

Shareholder Servicing

$93,206

MERCER2 years

Filed as: MERCER INVESTMENT CONSULTING INC

Service code 10

3560 LENOX RD STE 2400 · ATLANTA, GA 30326

Accounting

$79,506

MERCER3 years

Filed as: MERCER INVESTMENT MANAGEMENT INC

Service code 29

21875 NETWORK PL · CHICAGO, IL 606731218

Legal

$42,852

LMCG INVESTMENTS LLC1 year

Service code 59 · EIN 27-0282607

Shareholder Servicing

$13,273

PARSONS CAPITAL MGMT LLC2 years

Service code 59 · EIN 23-3087059

Shareholder Servicing

$11,602

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: TOTAL INVESTMENT MANAGEMENT INC

Service code 59 · EIN 86-0912979

Shareholder Servicing

$8,219

FISHER INVESTMENTS1 year

Service code 59 · EIN 20-2480800

Shareholder Servicing

$7,584

SOLITUDE FINANCIAL SERVICES2 years

Service code 59 · EIN 45-1579876

Shareholder Servicing

$7,309

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT SERVICE

Service code 59 · EIN 36-3297908

Shareholder Servicing

$6,527

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