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SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 401k Plan overview

Plan NameSOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN
Plan identification number 001

SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

SOUTH AFRICAN AIRWAYS SOC LIMITED has sponsored the creation of one or more 401k plans.

Company Name:SOUTH AFRICAN AIRWAYS SOC LIMITED
Employer identification number (EIN):650906850
NAIC Classification:488100
NAIC Description: Support Activities for Air Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01LOURENS ERASMUS2023-02-25 LOURENS ERASMUS2023-02-25
0012021-01-01TODD M. NEUMAN2022-05-19 TODD M. NEUMAN2022-05-19
0012021-01-01TODD M. NEUMAN2021-05-19
0012020-01-01TODD M. NEUMAN2021-07-22 TODD M. NEUMAN2021-07-22
0012019-01-01TODD M. NEUMAN2020-09-30 TODD M. NEUMAN2020-09-30
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01ZUHRE CANLIGIL2015-07-27
0012013-01-01ZUHRE CANLIGIL2014-02-27
0012012-01-01ZUHRE CANLIGIL2013-03-19
0012011-01-01ZUHRE CANLIGIL2012-04-20
0012010-01-01ZUHRE CANLIGIL2011-07-13
0012009-01-01ZUHRE CANLIGIL

Financial Data on SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN

Measure Date Value
2022 : SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-10-18$0
Total plan liabilities at end of year2022-10-18$0
Total plan liabilities at beginning of year2022-10-18$0
Total income from all sources2022-10-18$-1,087,328
Expenses. Total of all expenses incurred2022-10-18$6,287,818
Benefits paid (including direct rollovers)2022-10-18$6,279,386
Total plan assets at end of year2022-10-18$0
Total plan assets at beginning of year2022-10-18$7,375,146
Value of fidelity bond covering the plan2022-10-18$500,000
Total contributions received or receivable from participants2022-10-18$34,376
Contributions received from other sources (not participants or employers)2022-10-18$0
Other income received2022-10-18$-1,145,545
Noncash contributions received2022-10-18$0
Net income (gross income less expenses)2022-10-18$-7,375,146
Net plan assets at end of year (total assets less liabilities)2022-10-18$0
Net plan assets at beginning of year (total assets less liabilities)2022-10-18$7,375,146
Assets. Value of participant loans2022-10-18$0
Total contributions received or receivable from employer(s)2022-10-18$23,841
Value of certain deemed distributions of participant loans2022-10-18$0
Value of corrective distributions2022-10-18$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-10-18$8,432
2021 : SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,138,678
Expenses. Total of all expenses incurred2021-12-31$2,439,922
Benefits paid (including direct rollovers)2021-12-31$2,255,478
Total plan assets at end of year2021-12-31$7,375,146
Total plan assets at beginning of year2021-12-31$8,676,390
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$82,810
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$997,241
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$-1,301,244
Net plan assets at end of year (total assets less liabilities)2021-12-31$7,375,146
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$8,676,390
Assets. Value of participant loans2021-12-31$18,214
Total contributions received or receivable from employer(s)2021-12-31$58,627
Value of certain deemed distributions of participant loans2021-12-31$174,462
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$9,982
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,347,766
Expenses. Total of all expenses incurred2020-12-31$1,629,502
Benefits paid (including direct rollovers)2020-12-31$1,583,904
Total plan assets at end of year2020-12-31$8,676,390
Total plan assets at beginning of year2020-12-31$8,958,126
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$123,365
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$1,128,904
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-281,736
Net plan assets at end of year (total assets less liabilities)2020-12-31$8,676,390
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$8,958,126
Assets. Value of participant loans2020-12-31$238,337
Total contributions received or receivable from employer(s)2020-12-31$95,497
Value of certain deemed distributions of participant loans2020-12-31$35,708
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$9,890
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$1,273
Total income from all sources2019-12-31$2,062,992
Expenses. Total of all expenses incurred2019-12-31$2,646,650
Benefits paid (including direct rollovers)2019-12-31$2,627,141
Total plan assets at end of year2019-12-31$8,958,126
Total plan assets at beginning of year2019-12-31$9,543,057
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$302,846
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$1,532,257
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-583,658
Net plan assets at end of year (total assets less liabilities)2019-12-31$8,958,126
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$9,541,784
Assets. Value of participant loans2019-12-31$347,234
Total contributions received or receivable from employer(s)2019-12-31$227,889
Value of certain deemed distributions of participant loans2019-12-31$15,430
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$4,079
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2009 : SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN

2022: SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2009: SOUTH AFRICAN AIRWAYS (PTY) LTD. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number102034
Policy instance 1

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