Air Canada 401(k) Plan: Login, Facts & Contact Information

Air Canada 401(k) Plan Facts

Plan name
AIR CANADA U.S. TAX INCENTIVE SAVINGS PLAN
Plan type
401(k) and profit sharing
Plan sponsor
AIR CANADA
Participants
934 (807 active employees)
Former employees with a balance
161
Plan assets
$54,733,994 at Dec 31, 2024
Average account balance
$58,602 across 934 accounts
Employer contributions
$1,172,519 in plan year 2024 (29% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1988
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jun 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.99 million went into the plan in contributions, $1.17 million of it from the employer (29%).
  • $7.63 million was paid out to participants.
  • Investment and other income added $8.71 million.
  • Administrative expenses were $173,311, about $186 per account.

How the Air Canada 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019812$44.2 million$530,578$5.00 million
2020829$45.4 million$318,880$12.2 million
2021888$50.5 million$389,702$5.65 million
2022801$41.8 million$605,319$280,072
2023753$47.0 million$1.11 million$6.05 million
2024934$54.7 million$1.17 million$7.63 million

Air Canada 401(k) Contact Information

Phone
514-422-2407
Plan sponsor
AIR CANADA
Employer identification number (EIN)
13-1394887
Plan number
002

Questions about the Air Canada 401(k)

Does Air Canada contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $1.17 million in employer contributions for plan year 2024.

Does the Air Canada 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Air Canada 401(k) plan?

934 participants at the start of plan year 2024, 807 of them active employees, and 161 former employees who still had money in the plan.

What is the average 401(k) balance at Air Canada?

About $58,602 per account: $54.7 million in plan assets across 934 accounts with a balance at the end of plan year 2024.

Who manages the Air Canada 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Air Canada. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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