Plan Ledger DOL Form 5500 · updated monthly

Air Canada401(k)

AIR CANADA U.S. TAX INCENTIVE SAVINGS PLAN · · plan year 2025

Reported admin expense ratio · 2025
0.56%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Air Canada reported $221,516 in plan administrative expenses for 2025: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,742 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.22% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 425th of 2,677 in transportation & warehousing. In 2025, employees put in $2.16 for every $1.00 the employer contributed; active participation has grown from 575 to 779 since 2022.

Plan summary
Net assets, end of year$42,292,488
Participants with balances897
Active participants779
Employer contributions$1,357,303
Employee contributions$2,929,752
Employer contribution per active participant$1,742
Average account balance$47,149
Benefits paid to participants$9,022,636
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$42.3M · 897 accts · $1.4M emplr
2024$37.2M · 934 accts · $1.2M emplr
2023$32.4M · 877 accts · $1.1M emplr
2022$26.8M · 688 accts · $605K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$10,450
Investment management$32,019
Total administrative$221,516
The Air Canada 401(k) match · 2025
Employer contribution per active participant$1,742
Median for plans this size$2,666
2025$1,742 per active participant
2024$1,453 per active participant
2023$1,541 per active participant
2022$1,053 per active participant

Air Canada's 2025 employer contribution ran below the $2,666 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
TOWERS WATSON INVESTMENT SERVICES · Consulting$179,047
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$32,019
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,450

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$221,516 · 0.56%
2024$173,311 · 0.50%
2023$220,883 · 0.75%
2022$63,915 · 0.22%
Same employer
Similar plansTransportation & Warehousing
Magnum, LTD. ND$43.1M · 0.35%
The Wheeling Corporation OH$42.6M · 0.27%
Liberty Lines Transit, Inc. NY$42.3M · 0.00%
Alclear, LLC NY$42.2M · 1.06%
Portland Air Freight, Inc. ME$41.8M · 0.00%
Corcentric, Inc. NJ$41.8M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131394887 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.