Retirement plan
ERICSSON US 401(K) PLAN
ERICSSON INC.EIN 06-1119960Plan #006PY 2021
ATTN BENEFITS DEPARTMENT, 6300 LEGACY DRIVE - PLANO, TX 75024972-583-0000
Other plans on this EIN
1 filingProspect flagsLow returnsHigh feesHigh assets / participantCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
LARRY CHILDRESS
Signed 10/12/2022
Summary metrics
Total assets (EOY)
$3891M
-4.0% from 2016
Total participants
15,292
+7.7% from 2016
Average account balance
$255,497
-11.6% from 2016
Annual return
13.35%
-7.69 pp from 2016
Benchmarks
Peer group
Industry51 - Information
Plan typeDefined contribution
Participants5,000-9,999
Cohort31 peers
Snapshot2021
80
Participant deferral / active EE
$11,969
median $5,810
97
Employer contribution / active EE
$8,006
median $2,740
100
Participation rate
99.0%
median 91.3%
97
Avg account balance
$255,497
median $102,276
0
Admin fee / account holder
$396
median $76
10
Annual return
13.35%
median 15.66%
Overall peer rank
64of 100
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
| Provider | Service type | Compensation |
|---|---|---|
ADVISED ASSETS GROUP, LLC4 years Service code 26 · EIN 84-1532243 | Advisory (Participants) | $2,280,441 |
Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping | $1,454,916 |
Service code 27 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609 | Advisory (Plan) | $316,611 |
WILLIS TOWERS WATSON US LLC2 years Service code 16 LOCKBOX 28025 28025 NETWORK PL · CHICAGO, IL 606731280 | Consulting | $187,907 |
COWEN & COMPANY LLC3 years Service code 33 · EIN 84-1702964 | Securities brokerage commissions and ... | $78,672 |
BDO USA LLP2 years Service code 10 PO BOX 642743 · PITTSBURGH, PA 152642743 | Accounting | $52,724 |
GWFS EQUITIES INC6 years Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Securities brokerage; Other investmen... | $16,905 |
Service code 16 3071 PEARL ROAD · MEDINA, OH 44256 | Consulting | $2,700 |
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.
Plan features & details
Pension benefit codes2E2F2G2J2K2R2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
4 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).
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$6.0M
$966 / participant
- Investment mgmt$4M67.4%
- Other / not subdivided$2M32.6%
% of EOY assets
0.155%
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