Plan Snapshot
- Plan Sponsor: Latam Airlines Group, S.A., INC.
- Sponsor EIN: 592605885
- Sponsor Address: 6500 NW 22ND STREET, MIAMI, FL, 331222234
- Plan Type: 401(k)
- Total Participants: 213
- Total Assets: $20.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 213 | $20.6M | $173,982 | $978,994 |
| 2023 | 211 | $18.1M | $153,813 | $826,721 |
| 2022 | 197 | $15.3M | $107,578 | $734,651 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FERNANDEZ LISSETTE | Other Service Provider | — | $44,065 | $44,065 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $14,059 | — | $14,059 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,124
- Estimated Expense Ratio: 0.281% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $16,810 | $14,110 | $2,150 | — | — |
| 2023 | $12,245 | $10,295 | $1,600 | — | — |
| 2022 | $14,385 | — | — | — | — |