BrightScope Rating
Company:
Northwest Airlines, Inc.
Plan:
Northwest Airlines Retirement Savings Plan for Contract Employees
Northwest Airlines, Inc.
70
Plan:
10
54
93
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (70) and the top rated plan (93) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $267,600 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 70, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity and Total Plan Cost. Northwest Airlines Retirement Savings Plan for Contract Employees currently has over 23,000 active participants and over $1.5B in plan assets.
Plan Details
| Address | 2700 Lone Oak Pkwy Eagan, MN 55121 |
| Industry | Air Transportation |
| Administrator | Northwest Airlines, Inc. By Terri L |
| Net Plan Assets | $1,550,000,000 |
| Total Participants | 42,000 |
| Avg Account Balance | $37,000 |
Top 3 Investment Holdings
| 1. | Fidelity Magellan | 15% |
| 2. | SSgA Daily EAFE Index Securities Lending Fund Series T | 8% |
| 3. | Self-Directed Brokerage Accounts | 8% |
Other Companies in Peer Group
| Con-way | 75.1 |
| BNSF Railway Company | 69.1 |
| United Airlines (UAL Corp.) | 67.5 |
| United Airlines (UAL Corp.) | 57.1 |
| United Airlines (UAL Corp.) | 56.5 |
Plan Service Providers
| Auditor | Ernst & Young |
| Recordkeeper | Citistreet |
| Investment Adviser | Citistreet Advisors, LLC |
| Corporate Trustee | State Street |
| Consultant | Wilshire Associates |
| Administration | Northwest Airlines, Inc |
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