Top 25 401k Plans in the Airline Industry

BrightScope is pleased to announce the Top 25 companies in the airline industry with the highest ranked 401k plans containing more than $100 million in assets. This is the fifth list in a new series where BrightScope highlights the strongest plans within leading industries across the nation.

“In an industry with such a large number of employees, it is exponentially more important for workers and plan sponsors to be aware of their 401k plan quality,” said Brooks Herman, Head of Research for BrightScope. “By offering tools like BrightScope’s 401k Ratings tool and industry rankings, we insure both sides have a benchmark with which they can compare – and potentially improve – the very plans that impact the financial futures of so many.”

Key statistics found on the list of airlines with the best 401k plans:

  • Average account balance for plans listed is $188,664
  • 94.57% is the average participation rate for plans on the list
  • Average company generosity for plans listed is $9,430; the median is $8,173
  • Average salary deferral for plans listed is $7,571; the median is $8,972

 Top 25 airlines with the highest ranked 401k plan containing more than $100 million in assets:

Rank

Company

Plan Name

BrightScope Rating

1 Southwest Airlines Co. Southwest Airlines Pilots’ Retirement Savings Plan 90.82
2 United Air Lines, Inc. United Airlines Pilot Directed Account Plan 89.17
3 Alaska Airlines, Inc. Alaska Airlines, Inc. Pilots Investment & Savings Plan 88.95
4 United Parcel Service Company UPS/IPA Defined Contribution Money Purchase Pension Plan 88.34
5 AirTran Airways, Inc. AirTran Airways Pilot Retirement Savings and Investment Plan 86.04
6 ABX Air, Inc. ABX Air, Inc. Pilots Investment Plan 85.88
7 Continental Airlines, Inc. Continental Pilots Defined Contribution Plan (B-Plan) 85.52
8 American Airlines, Inc. American Airlines, Inc. Pilot Retirement Benefit Program Variable Income Plan 85.38
9 NetJets, Inc. NetJets Aviation, Inc. 401(k) Retirement Plan 85.15
10 Delta Air Lines, Inc. Delta Pilot Savings Plan 84.83
11 Federal Express Corporation Federal Express Corporation Pilots’ Retirement Savings Plan 84.79
12 Delta Air Lines, Inc. Delta Pilots Defined Contribution Plan 84.00
13 United Parcel Service Company UPS/IBT Local 2727 Defined Contribution Money Purchase Pension Plan 82.81
14 United Parcel Service Company UPS/IPA 401(k) Savings Plan 82.36
15 Federal Express Corporation Federal Express Corporation Pilots’ Money Purchase Pension Plan 82.21
16 United Parcel Service Company UPS/IBT Local 2727 401(k) Plan 82.13
17 Atlas Air, Inc. The Atlas Air, Inc. Retirement Plan 80.58
18 Continental Airlines, Inc. Continental Pilots 401(k) Plan 79.61
19 United Air Lines, Inc. United Airlines Management and Administrative 401(k) Plan 79.04
20 US Airways Group, Inc. Retirement Savings Plan for Pilots of US Airways, Inc. 79.02
21 Bristow Group, Inc. Bristow Group, Inc. Employee Savings and Retirement Plan 78.21
22 NetJets Inc. NetJets Inc. 401(k) Plan 77.80
23 US Airways Group, Inc. Future Care 401(k) Plan 76.30
24 Alaska Air Group, Inc. Alaska Air Group, Inc. AlaskaSaver Plan 75.38
25 PHI, Inc. PHI, Inc. 401(k) Retirement Plan 74.72

The BrightScope Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. By analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical value for each 401k plan. The data points examined cover broad categories such as total plan cost, company generosity and investment menu quality.

*DISCLAIMER: Ratings continually change as data is updated over time. Ratings should be viewed as a “snapshot in time.” To view current ratings information for a given plan click to view the company’s plan page. The rating on the plan page may not match the rating at the time of the release of the rankings.

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