JetBlue Airways 401(k) match, vesting and fees
What JetBlue Airways' 401(k) plan says about matching contributions
The Company makes a matching contribution of 100% of all crewmember contributions, up to the first 5% of annual compensation for non-Pilots.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 89 ↗ |
| Match vesting | Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in employer matching contributions is based on the participant’s vesting years of service with the Company. A year of vesting service is based on twelve consecutive months of employment, which equates to one year of service and nonconsecutive periods of service shall be aggregated. Employer matching contributions become fully vested upon three years of service with the Company. If termination from the Company is the result of death or disability, the participant is deemed 100% vested. All employer contributions, including non-elective contributions, are 100% vested upon three years of service or attainment of age 60, while still employed by the Company, whichever is earlier. Profit-sharing contributions, if made by the Company, vest immediately. | Audit report, p. 90 ↗ |
| Loans | Participants are able to borrow from their accounts up to the lesser of 50% of their vested balance or $50,000, reduced by the highest outstanding loan balance in the preceding 12 months. Loans must be made for a minimum of $1,000 and are repayable at the prime rate plus 1% at the date of issuance. Loan terms range from 1 to 5 years or up to 30 years for the purchase of a primary residence and are secured by the balance in the participant’s account. There is a maximum of two loans allowed per participant. | Audit report, p. 90 ↗ |
| Recordkeeper | Empower Life & Annuity Insurance Co | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 44 defined-contribution plans in transportation and warehousing with 10,000 to 49,999 participants.
| JetBlue Airways: employer contribution per participant | $8,988 | |
| Peer median | $1,814 |
| JetBlue Airways: average balance | $202,787 | |
| Peer median | $68,010 |
| JetBlue Airways: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $4.6B at the end of plan year 2023 to $5.4B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 27,448 | $5.4B | $241M | $8,988 | 0.03% | Quoted in the audit report, p. 89 ↗ | Form 5500 ↗ |
| 2023 | 28,484 | $4.6B | $247M | $8,682 | 0.04% | Not published | Form 5500 ↗ |
Other JetBlue Airways plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Jetblue Airways Corporation Deferred Savings Plan for Puerto Rico Crewmembers
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Life & Annuity Insurance Co | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does JetBlue Airways match 401(k) contributions?
The audit report attached to the Jetblue Airways Retirement Plan's plan year 2024 Form 5500, page 89 says: “The Company makes a matching contribution of 100% of all crewmember contributions, up to the first 5% of annual compensation for non-Pilots.” Plan terms may have changed; check your current Summary Plan Description.
When is the JetBlue Airways 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 90 says: “Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in employer matching contributions is based on the participant’s vesting years of service with the Company. A year of vesting service is based on twelve consecutive months of employment, which equates to one year of service and nonconsecutive periods of service shall be aggregated. Employer matching contributions become fully vested upon three years of service with the Company. If termination from the Company is the result of death or disability, the participant is deemed 100% vested. All employer contributions, including non-elective contributions, are 100% vested upon three years of service or attainment of age 60, while still employed by the Company, whichever is earlier. Profit-sharing contributions, if made by the Company, vest immediately.”
Who manages the JetBlue Airways 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Life & Annuity Insurance Co. The plan administrator is Jetblue Airways Corporation.
I left JetBlue Airways. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Jetblue Airways Corporation, (800) 466-5062) or the recordkeeper, Empower Life & Annuity Insurance Co. The JetBlue Airways old 401(k) page lists the contacts from every plan filing. Find an old JetBlue Airways 401(k)
Data from the public Form 5500 annual reports JetBlue Airways filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with JetBlue Airways. Not financial advice. Report a correction · Methodology