Retirement plan
NOKIA RETIREMENT INCOME PLAN
ALCATEL-LUCENT USA INC.EIN 22-3408857Plan #001PY 2016
Other plans on this EIN
3 filingsProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
SUSAN LEAR
Signed 10/11/2017
Summary metrics
Total assets (EOY)
$17881.9M
-0.9% from 2016
Total participants
112,695
+4.1% from 2016
Average account balance
$0
No prior year
Annual return
8.58%
+4.54 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort215 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $31
0
Employer contribution / active EE
$0
median $6,836
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $57,821
0
Admin fee / account holder
$0
median $387
80
Annual return
8.58%
median 6.54%
Overall peer rank
80of 100
80th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$12.86B
Average account balance
Total assets / participants with a balance (line 6g)
$158K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
74,818
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
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.46%
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 8 by compensation
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES LLC2+ years Service code 15 · EIN 36-2235791 | Recordkeeping | $5,653,639 |
ALCATEL-LUCENT USA INC.2+ years Service code 35 · EIN 22-3408857 | Employee (plan sponsor); Non-monetary... | $361,417 |
ERNST & YOUNG2+ years Service code 10 · EIN 34-6565596 | Accounting | $355,342 |
SEYFARTH SHAW2+ years Service code 29 · EIN 36-2152202 | Legal | $275,552 |
AON CONSULTING, INC.2+ years Service code 11 · EIN 22-2232264 | Actuarial | $250,800 |
CANDID LITHO2+ years Service code 36 · EIN 13-3574319 | Direct payment from the plan; Copying... | $29,687 |
UNIVERSAL MAILING SERVICE2+ years Service code 38 · EIN 22-2381663 | Participant Communication | $27,910 |
TAB GROUP1 year Service code 50 · EIN 22-3468457 | Direct Payment | $17,049 |
Enrolled actuary
1 attachment
SB
LAWRENCE A. GOLDEN
AON CONSULTING, INC.
Enrollment #1704197
400 ATRIUM DRIVE
SOMERSET, NJ 08873
(732) 302-2142
Signed 2017-09-15
Reportable transactions (Schedule G)
1 row
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | ALCATEL-LUCENT USA INC. | PLAN SPONSOR INELIGIBLE BENEFIT PAYMENTS | — | $13K |
Top hat statement on fileNQDC
Filed November 17, 2017 (most recent of 3 filings on file)
Plan features & details
Pension benefit codes1A1C1E3F3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA 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).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- 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
$14.5M
$1658 / participant
- Other / not subdivided$14M100.0%
% of EOY assets
0.081%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSE COOPERS LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified