BrightScope Rating
Company:
Northwest Airlines, Inc.
Plan:
Northwest Airlines Retirement Savings Plan for Contract Employees
Northwest Airlines, Inc.
61
Plan:
5
54
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (61) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $210,800 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Northwest Airlines Retirement Savings Plan for Contract Employees is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 15% of plans for Total Plan Cost and Investment Menu Quality. Northwest Airlines Retirement Savings Plan for Contract Employees currently has over 22,000 active participants and over $1.0B in plan assets.
Plan Details
| Address | 2700 Lone Oak Parkway Eagan, MN 55121 |
| Industry | Air Transportation |
| Net Plan Assets | $1,080,000,000 |
| Total Participants | 44,000 |
| Avg Account Balance | $25,000 |
Top 3 Investment Holdings
| 1. | Fidelity Magellan | 15% |
| 2. | SSgA Daily EAFE Index Fund | 8% |
| 3. | Self-Directed Brokerage Accounts | 8% |
Other Companies in Peer Group
| Con-way | 75.3 |
| BNSF Railway Company | 69.3 |
| United Airlines (UAL Corp.) | 64.9 |
| United Airlines (UAL Corp.) | 59.8 |
| United Airlines (UAL Corp.) | 57.3 |
Plan Service Providers
| Auditor | Ernst & Young |
| Recordkeeper | ING |
| Corporate Trustee | State Street |
| Investment Adviser | Ing Investment Advisors, LLC |
| Consultant | Wilshire Associates |
| Administration | Northwest Airlines, Inc |
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