401k Plan data: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. plan

RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 401k Plan overview

Plan Name	RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S.
Plan identification number	001

RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

ICELANDAIR has sponsored the creation of one or more 401k plans.

Company Name: ICELANDAIR

Employer identification number (EIN): 133057882

NAIC Classification: 481000
NAIC Description: Air Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S.

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 ROSA VIDARSDOTTIR 2023-07-19
001 2021-01-01 ROSA VIDARSDOTTIR 2022-07-29
001 2020-01-01 ROSA VIDARSDOTTIR 2021-10-06
001 2019-01-01 ROSA VIDARSDOTTIR 2020-10-11
001 2018-01-01 ROSA VIDARSDOTTIR 2019-10-11
001 2017-01-01 ROSA VIDARSDOTTIR 2018-10-12
001 2016-01-01 ROSA VIDARSDOTTIR 2017-10-16
001 2015-01-01 ROSA VIDARSDOTTIR 2016-10-11
001 2015-01-01 ROSA VIDARSDOTTIR 2016-08-25
001 2014-01-01 ROSA VIDARSDOTTIR 2015-10-14
001 2014-01-01 PETUR AGUSTSSON 2015-06-12
001 2013-01-01 PETUR OMAR AGUSTSSON 2014-10-14 PETUR OMAR AGUSTSSON 2014-10-14
001 2012-01-01 PETUR OMAR AGUSTSSON 2013-10-08 PETUR OMAR AGUSTSSON 2013-10-08
001 2011-01-01 PETUR OMAR AGUSTSSON 2012-10-11 PETUR OMAR AGUSTSSON 2012-10-11
001 2010-01-01 PETUR OMAR AGUSTSSON 2011-10-14 PETUR OMAR AGUSTSSON 2011-10-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	ROSA VIDARSDOTTIR	2023-07-19
001	2021-01-01	ROSA VIDARSDOTTIR	2022-07-29
001	2020-01-01	ROSA VIDARSDOTTIR	2021-10-06
001	2019-01-01	ROSA VIDARSDOTTIR	2020-10-11
001	2018-01-01	ROSA VIDARSDOTTIR	2019-10-11
001	2017-01-01	ROSA VIDARSDOTTIR	2018-10-12
001	2016-01-01	ROSA VIDARSDOTTIR	2017-10-16
001	2015-01-01	ROSA VIDARSDOTTIR	2016-10-11
001	2015-01-01	ROSA VIDARSDOTTIR	2016-08-25
001	2014-01-01	ROSA VIDARSDOTTIR	2015-10-14
001	2014-01-01	PETUR AGUSTSSON	2015-06-12
001	2013-01-01	PETUR OMAR AGUSTSSON	2014-10-14	PETUR OMAR AGUSTSSON	2014-10-14
001	2012-01-01	PETUR OMAR AGUSTSSON	2013-10-08	PETUR OMAR AGUSTSSON	2013-10-08
001	2011-01-01	PETUR OMAR AGUSTSSON	2012-10-11	PETUR OMAR AGUSTSSON	2012-10-11
001	2010-01-01	PETUR OMAR AGUSTSSON	2011-10-14	PETUR OMAR AGUSTSSON	2011-10-14

Plan Statistics for RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S.

401k plan membership statisitcs for RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S.

Measure Date Value
2022: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2022 401k membership
Market value of plan assets 2022-12-31 3,227,526
Acturial value of plan assets 2022-12-31 3,044,707
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 967,729
Number of terminated vested participants 2022-12-31 18
Fundng target for terminated vested participants 2022-12-31 1,395,404
Active participant vested funding target 2022-12-31 410,159
Number of active participants 2022-12-31 4
Total funding liabilities for active participants 2022-12-31 413,337
Total participant count 2022-12-31 31
Total funding target for all participants 2022-12-31 2,776,470
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 0
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 35,000
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2021 401k membership
Market value of plan assets 2021-12-31 3,103,958
Acturial value of plan assets 2021-12-31 2,809,394
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 1,097,546
Number of terminated vested participants 2021-12-31 18
Fundng target for terminated vested participants 2021-12-31 1,220,742
Active participant vested funding target 2021-12-31 368,146
Number of active participants 2021-12-31 4
Total funding liabilities for active participants 2021-12-31 382,683
Total participant count 2021-12-31 33
Total funding target for all participants 2021-12-31 2,700,971
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 0
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 40,000
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2020 401k membership
Market value of plan assets 2020-12-31 3,659,354
Acturial value of plan assets 2020-12-31 3,454,469
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 1,237,776
Number of terminated vested participants 2020-12-31 18
Fundng target for terminated vested participants 2020-12-31 1,281,225
Active participant vested funding target 2020-12-31 696,203
Number of active participants 2020-12-31 7
Total funding liabilities for active participants 2020-12-31 720,717
Total participant count 2020-12-31 38
Total funding target for all participants 2020-12-31 3,239,718
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 0
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 45,000
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2019 401k membership
Market value of plan assets 2019-12-31 3,647,710
Acturial value of plan assets 2019-12-31 3,763,294
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 1,369,083
Number of terminated vested participants 2019-12-31 20
Fundng target for terminated vested participants 2019-12-31 1,384,462
Active participant vested funding target 2019-12-31 713,977
Number of active participants 2019-12-31 8
Total funding liabilities for active participants 2019-12-31 742,466
Total participant count 2019-12-31 42
Total funding target for all participants 2019-12-31 3,496,011
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 0
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 45,000
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2018 401k membership
Market value of plan assets 2018-12-31 4,010,749
Acturial value of plan assets 2018-12-31 3,739,362
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 1,412,424
Number of terminated vested participants 2018-12-31 17
Fundng target for terminated vested participants 2018-12-31 1,093,538
Active participant vested funding target 2018-12-31 854,802
Number of active participants 2018-12-31 11
Total funding liabilities for active participants 2018-12-31 882,125
Total participant count 2018-12-31 42
Total funding target for all participants 2018-12-31 3,388,087
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 0
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 40,000
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2017 401k membership
Market value of plan assets 2017-12-31 3,640,457
Acturial value of plan assets 2017-12-31 3,633,612
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 1,182,754
Number of terminated vested participants 2017-12-31 16
Fundng target for terminated vested participants 2017-12-31 751,245
Active participant vested funding target 2017-12-31 719,977
Number of active participants 2017-12-31 12
Total funding liabilities for active participants 2017-12-31 743,420
Total participant count 2017-12-31 43
Total funding target for all participants 2017-12-31 2,677,419
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 485,773
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 525,849
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 0
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 35,000
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2016 401k membership
Market value of plan assets 2016-12-31 3,103,916
Acturial value of plan assets 2016-12-31 3,150,784
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 1,231,992
Number of terminated vested participants 2016-12-31 17
Fundng target for terminated vested participants 2016-12-31 675,547
Active participant vested funding target 2016-12-31 650,664
Number of active participants 2016-12-31 12
Total funding liabilities for active participants 2016-12-31 673,133
Total participant count 2016-12-31 45
Total funding target for all participants 2016-12-31 2,580,672
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 42,000
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 42,000
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 485,848
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 525,930
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 540,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 485,773
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 35,000
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 485,773
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2022 401k membership
Market value of plan assets	2022-12-31	3,227,526
Acturial value of plan assets	2022-12-31	3,044,707
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	967,729
Number of terminated vested participants	2022-12-31	18
Fundng target for terminated vested participants	2022-12-31	1,395,404
Active participant vested funding target	2022-12-31	410,159
Number of active participants	2022-12-31	4
Total funding liabilities for active participants	2022-12-31	413,337
Total participant count	2022-12-31	31
Total funding target for all participants	2022-12-31	2,776,470
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	0
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	35,000
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2021 401k membership
Market value of plan assets	2021-12-31	3,103,958
Acturial value of plan assets	2021-12-31	2,809,394
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	1,097,546
Number of terminated vested participants	2021-12-31	18
Fundng target for terminated vested participants	2021-12-31	1,220,742
Active participant vested funding target	2021-12-31	368,146
Number of active participants	2021-12-31	4
Total funding liabilities for active participants	2021-12-31	382,683
Total participant count	2021-12-31	33
Total funding target for all participants	2021-12-31	2,700,971
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	0
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	40,000
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2020 401k membership
Market value of plan assets	2020-12-31	3,659,354
Acturial value of plan assets	2020-12-31	3,454,469
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	1,237,776
Number of terminated vested participants	2020-12-31	18
Fundng target for terminated vested participants	2020-12-31	1,281,225
Active participant vested funding target	2020-12-31	696,203
Number of active participants	2020-12-31	7
Total funding liabilities for active participants	2020-12-31	720,717
Total participant count	2020-12-31	38
Total funding target for all participants	2020-12-31	3,239,718
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	0
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	45,000
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2019 401k membership
Market value of plan assets	2019-12-31	3,647,710
Acturial value of plan assets	2019-12-31	3,763,294
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	1,369,083
Number of terminated vested participants	2019-12-31	20
Fundng target for terminated vested participants	2019-12-31	1,384,462
Active participant vested funding target	2019-12-31	713,977
Number of active participants	2019-12-31	8
Total funding liabilities for active participants	2019-12-31	742,466
Total participant count	2019-12-31	42
Total funding target for all participants	2019-12-31	3,496,011
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	0
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	45,000
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2018 401k membership
Market value of plan assets	2018-12-31	4,010,749
Acturial value of plan assets	2018-12-31	3,739,362
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	1,412,424
Number of terminated vested participants	2018-12-31	17
Fundng target for terminated vested participants	2018-12-31	1,093,538
Active participant vested funding target	2018-12-31	854,802
Number of active participants	2018-12-31	11
Total funding liabilities for active participants	2018-12-31	882,125
Total participant count	2018-12-31	42
Total funding target for all participants	2018-12-31	3,388,087
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	0
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	40,000
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2017 401k membership
Market value of plan assets	2017-12-31	3,640,457
Acturial value of plan assets	2017-12-31	3,633,612
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	1,182,754
Number of terminated vested participants	2017-12-31	16
Fundng target for terminated vested participants	2017-12-31	751,245
Active participant vested funding target	2017-12-31	719,977
Number of active participants	2017-12-31	12
Total funding liabilities for active participants	2017-12-31	743,420
Total participant count	2017-12-31	43
Total funding target for all participants	2017-12-31	2,677,419
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	485,773
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	525,849
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	0
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	35,000
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: RETIREMENT INCOME PLAN FOR EMPLOYEES OF ICELANDAIR EMPLOYED WITHIN THE CONTINENTAL LIMITS OF THE U.S. 2016 401k membership
Market value of plan assets	2016-12-31	3,103,916
Acturial value of plan assets	2016-12-31	3,150,784
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	1,231,992
Number of terminated vested participants	2016-12-31	17
Fundng target for terminated vested participants	2016-12-31	675,547
Active participant vested funding target	2016-12-31	650,664
Number of active participants	2016-12-31	12
Total funding liabilities for active participants	2016-12-31	673,133
Total participant count	2016-12-31	45
Total funding target for all participants	2016-12-31	2,580,672
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	42,000
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	42,000
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	485,848
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	525,930
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	540,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	485,773
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	35,000
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	485,773
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	ICELANDAIR
Employer identification number (EIN):	133057882
NAIC Classification:	481000
NAIC Description:	Air Transportation