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Retirement plan

ERICSSON US 401(K) PLAN

ERICSSON INC.EIN 06-1119960Plan #006PY 2019
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ATTN BENEFITS DEPARTMENT, 6300 LEGACY DRIVE - PLANO, TX 75024972-583-0000
Other plans on this EIN
1 filing
#007Retirement-$2.34B assets
Prospect flagsLow returnsHigh feesCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(972) 583-0000
Plan administrator signer
TOBY TODD
Signed 10/12/2020
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Summary metrics

Total assets (EOY)
$3179.2M
-4.0% from 2016
Total participants
16,302
+7.7% from 2016
Average account balance
$195,436
-11.6% from 2016
Annual return
21.21%
-7.69 pp from 2016

Benchmarks

See 32 peers
Peer group
Industry51 - Information
Plan typeDefined contribution
Participants5,000-9,999
Cohort32 peers
Snapshot2019
Participant deferral / active EE
$10,554
median $6,006
Employer contribution / active EE
$7,572
median $2,569
Participation rate
99.5%
median 91.2%
Avg account balance
$195,436
median $91,160
Admin fee / account holder
$339
median $71
Annual return
21.21%
median 23.46%
Overall peer rank
64th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.77B
Average account balance
Total assets / participants with a balance (line 6g)
$294K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
12,842
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.3%
Contributions (total)
Employer and participant dollars contributed each year
$116.81M
Contributions per participant
Average employer and participant contribution per enrolled participant
$27K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.68%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$342
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 8 by compensation
ProviderService typeCompensation
ADVISED ASSETS GROUP, LLC2 years
Service code 26 · EIN 84-1532243
Advisory (Participants)
$2,067,398
GREAT-WEST LIFE & ANNUITY INS CO5+ years
Service code 15 · EIN 84-0467907
Recordkeeping
$1,536,929
CAPFINANCIAL PARTNERS LLC4 years
Service code 27
4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609
Advisory (Plan)
$380,071
WILLIS TOWERS WATSON US LLC,1 year
Service code 16
LOCKBOX #28852 P.O.BOX 28852 · NEW YORK, NY 100878852
Consulting
$204,288
COWEN & COMPANY LLC1 year
Service code 50 · EIN 84-1702964
Direct Payment
$120,155
GWFS EQUITIES INC4 years
Service code 33 · EIN 84-0965407
Securities brokerage; Other investmen...
$67,084
BDO USA, LLP4 years
Service code 10
P.O. BOX 642743 · PITTSBURGH, PA 15264
Accounting
$61,745
QDRO CONSULTANTS COMPANY LLC4 years
Service code 16
3071 PEARL ROAD · MEDINA, OH 44256
Consulting
$7,200

Top hat statement on fileNQDC

Filed September 8, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$5.5M
$855 / participant
  • Investment mgmt$4M66.0%
  • Other / not subdivided$2M34.0%
% of EOY assets
0.174%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
BDO USA, LLP
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified