Retirement plan

HAWAIIAN AIRLINES, INC. SALARIED & IAM MERGED PENSION PLAN

Name: HAWAIIAN AIRLINES, INC. - HAWAIIAN AIRLINES, INC. SALARIED & IAM MERGED PENSION PLAN (2016) Form 5500
Creator: HAWAIIAN AIRLINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAWAIIAN AIRLINES, INC. SALARIED & IAM MERGED PENSION PLAN, HAWAIIAN AIRLINES, INC.

HAWAIIAN AIRLINES, INC.EIN 99-0042880Plan #003PY 2016

3375 KOAPAKA STREET, G350 - HONOLULU, HI 968191804808-835-3622hawaiianmiles.comLinkedIn501-1000 employeespackage/freight delivery

Other plans on this EIN

5 filings

#008Retirement-$269.9M assets #005Retirement-$263.3M assets #002Retirement-$247.1M assets #007Retirement-$230.2M assets #004Retirement-$42K assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed May 7, 1997

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$55.9M

-49.8% from 2016

Total participants

4,040

-26.5% from 2016

Average account balance

No prior year

Annual return

15.26%

-18.24 pp from 2016

Benchmarks

See 37 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined benefit

Participants1,000-4,999

Cohort37 peers

Snapshot2016

Participant deferral / active EE

median $50

Employer contribution / active EE

$9,789

median $11,816

Participation rate

0.0%

median 0.0%

Avg account balance

median $381,942,733

Admin fee / account holder

median $2,655,710

100

Annual return

15.26%

median 6.66%

Overall peer rank

69of 100

69th percentileavg across 6 metrics

Analytics

2015 - 2017

Total assets (EOY)

Plan-year ending balance

Average account balance

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

$14K

Not enough data

2 years with per-participant data

Participants with account balance

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

1,099

Not enough data

2 years with headcount on file

Eligible Participants and Participation

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

0.0%

Not enough data

2 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.67M

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

2 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-101.75%

Admin fee / account holder

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

Asset composition

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

Not enough data

2 years with F_SCH_H allocation on file

Service providers

Top 2 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON DELAWARE, INC Service code 11 · EIN 53-0181291	Actuarial	$446,358
RUSSELL TRUST COMPANY2+ years Service code 25 · EIN 91-1116938	Directed Trustee	$160,196

Enrolled actuary

1 attachment

BARBARA STOCK COLETTA

TOWERS WATSON DELAWARE

Enrollment #1706807

555 17TH STREET, SUITE 2050

DENVER, CO 80202

(303) 391-1200

Signed 2017-09-27

Plan features & details

Pension benefit codes1A1I1C

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$432 / participant

Other / not subdivided$1M100.0%

% of EOY assets

2.271%

all-in expense ratio

Categories reported

0 / 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: KKDLY LLC
Auditor EIN: 990292355
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$381,942,733-100.0%

$442,730-100.0%

$381,942,733-100.0%

Participation rate

0.0%

0.0%0pp

12.5%-12.5pp

0.0%0pp

Annual return

15.26%

6.68%+8.6pp

4.72%+10.5pp

9.19%+6.1pp

Employer contribution / active EE

$9,789

$25,873-62.2%

$30,821-68.2%

$12,608-22.4%

Participant deferral / active EE

$50-100.0%

$113-100.0%

$1,615-100.0%

Admin fee / account holder

$2,655,710-100.0%

$2,146-100.0%

$2,655,710-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON DELAWARE, INC

Service code 11 · EIN 53-0181291

Actuarial

$446,358

RUSSELL TRUST COMPANY2+ years

Service code 25 · EIN 91-1116938

Directed Trustee

$160,196

HAWAIIAN AIRLINES, INC. SALARIED & IAM MERGED PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

BARBARA STOCK COLETTA

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAWAIIAN AIRLINES, INC. SALARIED & IAM MERGED PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

BARBARA STOCK COLETTA

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