American Airlines, Inc. - Retirement 401(k) match, vesting and fees

The audit report attached to the American Airlines, Inc. 401(k) Plan's plan year 2023 Form 5500, page 29 says: “MSS and CWA-IBT participants receive a 100% company match on their before-tax and/or Roth contributions up to 5.5% of their eligible compensation, as defined by the Plan. Flight attendant participants receive non-elective employer contributions of 3% of eligible compensation plus 100% company matching contributions on their before-tax and/or Roth contributions of up to 2.5% of eligible compensation, as defined by the Plan. International Association of Machinists and Aerospace Workers (“IAM”) designated employees represented by the TWU-IAM receive 100% company matching contributions of up to 4% of eligible compensation, as defined by the Plan. TWU Designated Employees, Flight Crew Training Instructors, Simulator Pilot Instructors and Flight Simulator Engineers receive non-elective employer contributions of 5% of eligible compensation plus 100% company matching contributions of up to 4% of eligible compensation, as defined by the Plan. Participants who are Dispatch employees represented by the PAFCA ratified a three-year extension agreement in December 2022. For pay received through January 13, 2023, Dispatch participants received 100% company matching contributions of up to 5.5% of their eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.

The audit report attached to the plan year 2023 Form 5500, page 30 says: “Participants are immediately vested in their participant contributions plus earnings thereon. The Plan requires participants to be employed for two years before becoming 100% vested in company contributions, plus earnings thereon. Accounts that are voluntarily transferred into the Plan from a plan sponsored by a related employer are subject to the vesting rules in effect under the prior plan but will otherwise be subject to the terms of the Plan. At December 31, 2023 and 2022, forfeitures totaled $1,674,000 and $1,581,000 respectively. These accounts are used to restore reemployed participants’ previously forfeited account balances and then to reduce future employer contributions.”

The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is American Airlines, Inc. - Retirement.

Your account stays in the plan until you move it. Contact the plan administrator (American Airlines, Inc. - Retirement, (800) 447-2000) or the recordkeeper, Fidelity Investments Institutional. The American Airlines, Inc. - Retirement old 401(k) page lists the contacts from every plan filing. Find an old American Airlines, Inc. - Retirement 401(k)