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Retirement plan

ERICSSON US PENSION PLAN

ERICSSON INC.EIN 06-1119960Plan #007PY 2021
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6300 LEGACY DRIVE - PLANO, TX 75024972-583-0000
Other plans on this EIN
1 filing
#006Retirement-$3.89B assets
Prospect flagsHigh retiree %Low returnsLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(972) 583-0000
Plan administrator signer
LARRY CHILDRESS
Signed 10/14/2022
How to read this page

Summary metrics

Total assets (EOY)
$2067.9M
-3.0% from 2016
Total participants
5,967
+2.1% from 2016
Average account balance
$0
No prior year
Annual return
-4.90%
-9.68 pp from 2016

Benchmarks

See 36 peers
Peer group
Industry51 - Information
Plan typeDefined benefit
Participants250-999
Cohort36 peers
Snapshot2021
Participant deferral / active EE
$591
median $0
Employer contribution / active EE
$15,773
median $1,596
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $1,032,670
Admin fee / account holder
$0
median $4,266
Annual return
-4.90%
median 8.93%
Overall peer rank
22nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$526.05M
Average account balance
Total assets / participants with a balance (line 6g)
$183K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,467
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$6.84M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.23%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 13 by compensation
ProviderService typeCompensation
PIMCO7+ years
Service code 27 · EIN 33-0629048
Advisory (Plan)
$1,269,193
LEGAL&GENERAL INVSTMNT MGMT AMERICA7+ years
Service code 28 · EIN 20-8058531
Investment Management
$1,047,973
PGIM, INC.4 years
Service code 28 · EIN 22-2540245
Investment Management
$1,009,206
WILLIS TOWERS WATSON US LLC3 years
Service code 11 · EIN 53-0181291
Actuarial
$601,529
JP MORGAN CHASE BANK, N.A.1 year
Service code 21 · EIN 13-4994650
Bank Trustee
$468,310
CAPFINANCIAL PARTNERS, LLC5 years
Service code 27 · EIN 26-0058143
Advisory (Plan)
$408,869
GOLDMAN SACHS ASSET MANAGEMENT, LP7+ years
Service code 28 · EIN 13-3575636
Investment Management
$276,691
BARROW HANLEY GLOBAL INVESTORS2 years
Service code 27 · EIN 75-2403190
Advisory (Plan)
$185,958
AGINCOURT CAPITAL MANAGEMENT, LLC1 year
Service code 28 · EIN 54-1947440
Investment Management
$155,617
EAGLE ASSET MANAGEMENT, INC.4 years
Service code 28 · EIN 59-2385219
Investment Management
$121,882

Enrolled actuary

1 attachment
SB

DUSTIN R RALPH

WILLIS TOWERS WATSON US LLC
Enrollment #2007523
500 NORTH AKARD STREET
SUITE 4100
DALLAS, TX 75201
(214) 530-4200
Signed 2022-10-11

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 codes1A1C3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 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
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow returns

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

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$5.8M
$9136 / participant
  • Investment mgmt$4M75.4%
  • Other / not subdivided$1M24.6%
% of EOY assets
0.280%
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