Air Canada U.S. Tax Incentive Savings Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Air Canada · · Transportation & Warehousing

What the 2023 filing shows

Air Canada U.S. Tax Incentive Savings Plan holds $42M for 581 participants — about $71,984 per participant, down 17.3% over the 2022 plan year.

$42M
total plan assets (2022 EOY): 581
covered participants: $71,984
avg assets per participant: -17.3%
assets change YoY

The plan reported a net loss of $4M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$42M

Participants

581

State

Industry

Transportation & Warehousing

What the Filing Says About Air Canada U.S. Tax Incentive Savings Plan

Air Canada U.S. Tax Incentive Savings Plan is a 401(k) retirement plan sponsored by Air Canada, headquartered in . As of the 2022 Form 5500 filing, the plan reports $42M in total end-of-year assets and covers 581 participants across the Transportation & Warehousing industry. The sponsor's EIN on file with the U.S. Department of Labor is 131394887, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $51M at the beginning of 2022 to $42M at year-end — a decline of 17.3%. Net assets (after liabilities) closed the year at $27M, with reported net income of $-4,337,225 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$51M
Total Assets (End of Year)	$42M
Net Assets (End of Year)	$27M
Net Income	$-4,337,225
Plan Type	401(k)
Employer EIN	131394887
Plan Effective Date	1988-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Air Canada)

Year	Plans	Participants	Total Assets
2022	2	817	$176M
2023	2	792	$192M
2024	2	925	$193M

Nearby 401(k) Plans in

Peer 401(k) plans — same state, same plan type — ranked by total assets.

The Magna Group of Companies Retirement Savings Plans $2.4B · 24,720
Transcanada 401(k) and Savings Plan $996M · 3,116
Four Seasons Hotels Retirement Benefit Plan $863M · 15,652
Transocean U.S. Savings Plan $747M · 2,090
Domtar US Salaried 401(k) Plan $620M · 1,608

Compare Air Canada U.S. Tax Incentive Savings Pl… side-by-side with 3 peers →

Related Data

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Frequently Asked Questions

How much money is in the Air Canada U.S. Tax Incentive Savings Plan? ▼

As of the 2022 Form 5500 filing, Air Canada U.S. Tax Incentive Savings Plan holds $42M in total assets with 581 participants. It is sponsored by Air Canada.

What type of plan is Air Canada U.S. Tax Incentive Savings Plan? ▼

Air Canada U.S. Tax Incentive Savings Plan is a 401(k) plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 131394887.

Who sponsors the Air Canada U.S. Tax Incentive Savings Plan? ▼

Air Canada U.S. Tax Incentive Savings Plan is sponsored by Air Canada, located in . The sponsor's EIN is 131394887 and the plan operates in the Transportation & Warehousing industry.

How did Air Canada U.S. Tax Incentive Savings Plan perform in 2022? ▼

Air Canada U.S. Tax Incentive Savings Plan declined by 17.3% during 2022, moving from $51M to $42M in total assets. Net income was $-4,337,225.

Where can I find official filings for Air Canada U.S. Tax Incentive Savings Plan? ▼

Official Form 5500 filings for Air Canada U.S. Tax Incentive Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 131394887 or plan name at efast.dol.gov.

How does Air Canada U.S. Tax Incentive Savings Plan compare to other plans? ▼

You can compare Air Canada U.S. Tax Incentive Savings Plan against other 401(k) plans on the plan type page, or view plans in on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.