Retirement plan

ALASKA AIRLINES, INC. COPS, MRP & DISPATCH 401(K) PLAN

Name: ALASKA AIRLINES, INC. - ALASKA AIRLINES, INC. COPS, MRP & DISPATCH 401(K) PLAN (2023) Form 5500
Creator: ALASKA AIRLINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALASKA AIRLINES, INC. COPS, MRP & DISPATCH 401(K) PLAN, ALASKA AIRLINES, INC.

ALASKA AIRLINES, INC.EIN 92-0009235Plan #013PY 2023

PO BOX 68900 - SEAHB - SEATTLE, WA 98168206-392-5000alaskaairlines.comLinkedIn51-200 employeesairlines/aviation

Other plans on this EIN

7 filings

#011Retirement-$2.15B assets #003Retirement-$1.16B assets #012Retirement-$901.0M assets #017Retirement-$664.5M assets #016Retirement-$346.8M assets #002Retirement-$268.9M assets #008Retirement-$250.0M assets

Prospect flagsFailed to transmit contributionsFailed to provide benefit

Top hat statement on fileNQDC

Filed January 17, 2023 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

19300 International Blvd.

Seatac, WA 98188

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (6)

FIP Equalization Agreement1 emp
FIP Equalization Agreement1 emp
FIP Equalization Agreement1 emp
FIP Equalization Agreement1 emp
FIP Equalization Agreement1 emp
+1 more

Total covered: 6 employees

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Total assets (EOY)

$806.4M

-10.2% from 2016

Total participants

10,901

-5.7% from 2016

Average account balance

$74,279

-4.7% from 2016

Annual return

16.66%

-1.63 pp from 2016

Benchmarks

See 45 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants5,000-9,999

Cohort45 peers

Snapshot2023

Participant deferral / active EE

$5,597

median $4,609

Employer contribution / active EE

$3,582

median $1,514

Participation rate

99.4%

median 86.1%

Avg account balance

$74,279

median $51,538

Admin fee / account holder

$79

median $76

Annual return

16.66%

median 18.10%

Overall peer rank

58of 100

58th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$928.68M

Average account balance

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

$107K

Participants with account balance

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

8,676

Eligible Participants and Participation

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

99.3%

Contributions (total)

Employer and participant dollars contributed each year

$67.11M

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.14%

Admin fee / account holder

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

$71

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.9+ years Service code 15 · EIN 23-1945930	Recordkeeping	$427,174
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$402,914
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$29,285
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$316

Plan features & details

Pension benefit codes2E2F2H2J2K2R2S2T3H3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$859K

$126 / participant

Recordkeeping$830K96.6%
Investment mgmt$29K3.4%

% of EOY assets

0.107%

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: CLARK NUBER PS
Auditor EIN: 911194016
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,279

$86,649-14.3%

$70,589+5.2%

$103,657-28.3%

Participation rate

99.4%

72.0%+27.3pp

68.4%+31.0pp

73.4%+26.0pp

Annual return

16.66%

25.21%-8.5pp

32.80%-16.1pp

33.13%-16.5pp

Employer contribution / active EE

$3,582

$3,068+16.7%

$2,977+20.3%

$3,216+11.4%

Participant deferral / active EE

$5,597

$4,866+15.0%

$4,569+22.5%

$5,218+7.3%

Admin fee / account holder

$79

$89-10.8%

$6,430-98.8%

$114-30.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.9+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$427,174

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$402,914

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$29,285

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$316

ALASKA AIRLINES, INC. COPS, MRP & DISPATCH 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALASKA AIRLINES, INC. COPS, MRP & DISPATCH 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

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