Retirement plan

JETBLUE AIRWAYS RETIREMENT PLAN

Name: JETBLUE AIRWAYS CORPORATION - JETBLUE AIRWAYS RETIREMENT PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$9.9M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$3671M

-15.7% from 2016

Total participants

23,341

-7.7% from 2016

Average account balance

$158,164

-7.5% from 2016

Annual return

19.30%

-7.35 pp from 2016

Benchmarks

See 43 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort43 peers

Snapshot2020

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 16 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST TRUST COMPANY, LLC (NY) Service code 64 · EIN 84-0467907	Recordkeeping Fees	$1,270,484
MERCER3 years Filed as: MERCER INVESTMENT CONSULTING INC Service code 10 3560 LENOX RD - SUITE 2400 · ATLANTA, GA 30326	Accounting	$174,897
CHARLES SCHWAB & CO., INC.4 years Service code 26 · EIN 94-1737782	Advisory (Participants)	$26,965
SINGER WEALTH ADVISORS LLC1 year Filed as: SINGER WEALTH ADVISORS INC. Service code 26 · EIN 46-4915730	Advisory (Participants)	$15,995
PARSONS CAPITAL MGMT LLC3 years Service code 26 · EIN 23-3087059	Advisory (Participants)	$13,527
FISHER INVESTMENTS2 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$12,442
GOLDMAN SACHS1 year Filed as: AVEO CAPITAL PARTNERS LLC Service code 26 · EIN 27-4981131	Advisory (Participants)	$10,349
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: TOTAL INVESTMENTS MANAGEMENT INC Service code 26 · EIN 86-0912979	Advisory (Participants)	$9,663
LMCG INVESTMENTS LLC2 years Service code 26 · EIN 27-0282607	Advisory (Participants)	$9,377
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT SERVICE Service code 26 · EIN 36-3297908	Advisory (Participants)	$9,366

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

$75 / participant

Investment mgmt$175K12.0%
Other / not subdivided$1M88.0%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

1 / 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, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,164

$123,048+28.5%

$81,988+92.9%

$106,273+48.8%

Participation rate

99.3%

65.1%+34.3pp

69.3%+30.1pp

70.8%+28.5pp

Annual return

19.30%

14.83%+4.5pp

41.32%-22.0pp

21.70%-2.4pp

Employer contribution / active EE

$8,899

$3,893+128.6%

$2,499+256.2%

$2,722+226.9%

Participant deferral / active EE

$5,231

$4,168+25.5%

$3,723+40.5%

$4,601+13.7%

Admin fee / account holder

$63

$116-46.1%

$5,666-98.9%

$78-20.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST TRUST COMPANY, LLC (NY)

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$1,270,484

MERCER3 years

Filed as: MERCER INVESTMENT CONSULTING INC

Service code 10

3560 LENOX RD - SUITE 2400 · ATLANTA, GA 30326

Accounting

$174,897

CHARLES SCHWAB & CO., INC.4 years

Service code 26 · EIN 94-1737782

Advisory (Participants)

$26,965

SINGER WEALTH ADVISORS LLC1 year

Filed as: SINGER WEALTH ADVISORS INC.

Service code 26 · EIN 46-4915730

Advisory (Participants)

$15,995

PARSONS CAPITAL MGMT LLC3 years

Service code 26 · EIN 23-3087059

Advisory (Participants)

$13,527

FISHER INVESTMENTS2 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$12,442

GOLDMAN SACHS1 year

Filed as: AVEO CAPITAL PARTNERS LLC

Service code 26 · EIN 27-4981131

Advisory (Participants)

$10,349

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: TOTAL INVESTMENTS MANAGEMENT INC

Service code 26 · EIN 86-0912979

Advisory (Participants)

$9,663

LMCG INVESTMENTS LLC2 years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$9,377

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT SERVICE

Service code 26 · EIN 36-3297908

Advisory (Participants)

$9,366

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