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Retirement plan

ERICSSON US PENSION PLAN

ERICSSON INC.EIN 06-1119960Plan #007PY 2023
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6300 LEGACY DRIVE - PLANO, TX 75024972-583-0000
Other plans on this EIN
1 filing
#006Retirement-$3.54B assets
Prospect flagsLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(972) 583-0000
Plan administrator signer
SANIA RAZA
Signed 10/11/2024
How to read this page

Summary metrics

Total assets (EOY)
$516.2M
-3.0% from 2016
Total participants
2,910
+2.1% from 2016
Average account balance
$0
No prior year
Annual return
6.20%
-9.68 pp from 2016

Benchmarks

See 31 peers
Peer group
Industry51 - Information
Plan typeDefined benefit
Participants250-999
Cohort31 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $3,206
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $134,777
Admin fee / account holder
$0
median $1,040
Annual return
6.20%
median 10.18%
Overall peer rank
17th 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 9 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON US LLC5 years
Service code 11 · EIN 53-0181291
Actuarial
$2,024,134
PIMCO9+ years
Service code 27 · EIN 33-0629048
Advisory (Plan)
$299,650
PGIM, INC.6 years
Service code 28 · EIN 22-2540245
Investment Management
$231,873
CAPFINANCIAL PARTNERS, LLC7 years
Service code 27 · EIN 26-0058143
Advisory (Plan)
$195,000
MCDERMOTT WILL & EMERY LLP2 years
Service code 29 · EIN 36-1453176
Legal
$101,165
BARROW HANLEY GLOBAL INVESTORS4 years
Service code 27 · EIN 75-2403190
Advisory (Plan)
$85,780
JENNISON ASSOCIATES LLC5 years
Service code 28 · EIN 22-2540245
Investment Management
$28,404
EAGLE ASSET MANAGEMENT1 year
Service code 28 · EIN 59-2385219
Investment Management
$27,820
WOLLMUTH MAHER & DEUTSCH LLP1 year
Service code 29
500 FIFTH AVENUE · NEW YORK, NY 10110
Legal
$5,000

Enrolled actuary

1 attachment
SB

DUSTIN R RALPH

WILLIS TOWERS WATSON US LLC
Enrollment #2307523
500 NORTH AKARD STREET
SUITE 4100
DALLAS, TX 75201
(214) 530-4200
Signed 2024-10-07

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

2 tripped
  • OpportunityLow returns

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

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$2.6M
$5054 / participant
  • Recordkeeping$1M45.4%
  • Investment mgmt$869K33.8%
  • Legal$106K4.1%
  • Actuarial$859K33.5%
% of EOY assets
0.497%
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, P.C.
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified