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Retirement plan

ERICSSON US 401(K) PLAN

ERICSSON INC.EIN 06-1119960Plan #006PY 2023
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6300 LEGACY DRIVE - PLANO, TX 75024972-583-0000
Other plans on this EIN
1 filing
#007Retirement-$516.2M assets
Prospect flagsHigh feesHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(972) 583-0000
Plan administrator signer
SANIA RAZA
Signed 07/14/2025
How to read this page

Summary metrics

Total assets (EOY)
$3539.8M
-4.0% from 2016
Total participants
14,029
+7.7% from 2016
Average account balance
$253,589
-11.6% from 2016
Annual return
17.63%
-7.69 pp from 2016

Benchmarks

See 1,192 peers
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants5,000-9,999
Cohort1,192 peers
Snapshot2023
Participant deferral / active EE
$15,581
median $4,583
Employer contribution / active EE
$10,164
median $2,242
Participation rate
98.6%
median 90.0%
Avg account balance
$253,589
median $64,799
Admin fee / account holder
$341
median $70
Annual return
17.63%
median 18.45%
Overall peer rank
67th 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
EMPOWER ADVISORY GROUP, LLC2 years
Service code 26 · EIN 84-1532243
Advisory (Participants)
$2,134,312
EMPOWER ANNUITY INSURANCE COMPANY2 years
Service code 15 · EIN 84-0467907
Recordkeeping
$1,106,618
JENNISON ASSOCIATES1 year
Service code 28
466 LEXINGTON AVENUE · NEW YORK, NY 10017
Investment Management
$616,361
EAGLE ASSET MANAGEMENT1 year
Service code 28
P.O. BOX 23592 · ST. PETERSBURG, FL 33742
Investment Management
$394,211
CAPFINANCIAL PARTNERS LLC DBA CAPTR4 years
Service code 27
4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609
Advisory (Plan)
$326,148
WILLIS TOWERS WATSON US LLC4 years
Service code 16
LOCKBOX 28025 28025 NETWORK PL · CHICAGO, IL 606731280
Consulting
$197,896
COWEN & COMPANY LLC5 years
Service code 33 · EIN 84-1702964
Direct payment from the plan; Securit...
$34,992
EMPOWER TRUST COMPANY, LLC1 year
Service code 15 · EIN 84-1455663
Recordkeeping
$30,364

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.)

  • 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
$4.8M
$936 / participant
  • Recordkeeping$1M23.8%
  • Trustee / custodial$4K0.1%
  • Investment mgmt$3M71.2%
  • Legal$3K0.1%
  • Other / not subdivided$233K4.9%
% of EOY assets
0.135%
all-in expense ratio
Categories reported
4 / 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