Plan Ledger DOL Form 5500 · updated monthly

Alaska Airlines, Inc.401(k)

ALASKA AIRLINES, INC. PILOTS INVESTMENT AND SAVINGS PLAN · SEATTLE, WA · plan year 2024

Employer contribution per participant · 2024
$37,283

Alaska Airlines, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,612,040,925 across 4,066 participant accounts, with employer contributions averaging $37,283 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.014% to 0.011%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 12th-largest of 1,714 plans among Washington employers on file, and the 12th of 2,677 in transportation & warehousing. In 2024, the employer put in $1.85 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,612,040,925
Participants with balances4,066
Active participants3,422
Employer contributions$127,583,075
Employee contributions$69,142,425
Employer contribution per active participant$37,283
Average account balance$642,410
Benefits paid to participants$111,754,025
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.6B · 4,066 accts · $127.6M emplr
2023$2.2B · 4,022 accts · $109.9M emplr
2022$1.7B · 3,770 accts · $87.1M emplr
Administrative expenses, itemized · 2024
Investment management$222,845
Total administrative-$99,131
The Alaska Airlines, Inc. 401(k) match · 2024
Employer contribution per active participant$37,283
Median for plans this size$5,259
2024$37,283 per active participant
2023$31,484 per active participant
2022$26,146 per active participant

Alaska Airlines, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. 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.

Service providers · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$222,845
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$216,638 · 0.01%
2022$256,014 · 0.01%
All plans at this employer4
ALASKA AIRLINES, INC. PILOTS INVESTMENT AND SAVINGS PLAN401(k)
ALASKA AIRLINES INC FLIGHT ATTENDANT 401(K) PLAN401(k)
ALASKA AIRLINES, INC. COPS, MRP & DISPATCH 401(K) PLAN401(k)
ALASKA AIRLINES, INC. ALASKASAVER PLAN401(k)
Same employer
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Bnsf Railway Company TX$4.8B · 0.00%
Ryder System, Inc. GA$2.7B · 0.05%
Netjets Aviation, Inc. OH$2.5B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920009235 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.