PlanOptica
Retirement plan

NOKIA RETIREMENT INCOME PLAN

NOKIA OF AMERICA CORPORATIONEIN 22-3408857Plan #001PY 2020
Sign in to saveView 5500 PDF
600 MOUNTAIN AVENUE, ROOM 6D-401A - MURRAY HILL, NJ 07974908-723-9869LinkedIn1-10 employees
Other plans on this EIN
3 filings
#003Retirement-$9.28B assets#002Retirement-$5.64B assets#007Retirement-$129.9M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(908) 723-9869
Plan administrator signer
SUSAN LEAR
Signed 10/07/2021
How to read this page

Summary metrics

Total assets (EOY)
$19314.6M
-0.9% from 2016
Total participants
97,814
+4.1% from 2016
Average account balance
$0
No prior year
Annual return
15.80%
+4.54 pp from 2016

Benchmarks

See 189 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort189 peers
Snapshot2020
Participant deferral / active EE
$0
median $28
Employer contribution / active EE
$0
median $7,585
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
15.80%
median 12.08%
Overall peer rank
79th 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 10 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC4 years
Service code 15 · EIN 82-1061233
Recordkeeping
$5,323,007
AON CONSULTING, INC.6+ years
Service code 11 · EIN 22-2232264
Actuarial
$490,252
NOKIA OF AMERICA CORPORATION4 years
Service code 35 · EIN 22-3408857
Direct payment from the plan; Employe...
$387,416
PRICEWATERHOUSE COOPERS LLC4 years
Service code 10 · EIN 13-4008324
Accounting
$329,492
DAY PITNEY2 years
Service code 29 · EIN 22-1661404
Legal
$135,790
GRAPHIC PARTNERS2 years
Service code 38 · EIN 36-4074726
Participant Communication
$46,870
BROAD DATA SYSTEMS INC3 years
Service code 50 · EIN 22-1990596
Direct Payment
$43,838
CANDID LITHO6+ years
Service code 36 · EIN 13-3574319
Direct payment from the plan; Copying...
$34,581
UNIVERSAL MAILING SERVICE6+ years
Service code 38 · EIN 22-2381663
Participant Communication
$31,409
SEYFARTH SHAW6+ years
Service code 29 · EIN 36-2152202
Legal
$12,895

Enrolled actuary

1 attachment
SB

LAWRENCE A. GOLDEN

AON CONSULTING, INC.
Enrollment #2004197
400 ATRIUM DRIVE
SOMERSET, NJ 08873
(732) 302-2142
Signed 2021-08-26

Top hat statement on fileNQDC

Filed November 17, 2017 (most recent of 3 filings on file)

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1E3F3H
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).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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
  • 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
$15.3M
$1944 / participant
  • Other / not subdivided$15M100.0%
% of EOY assets
0.079%
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
DELOITTE & TOUCHE LLP
Auditor EIN
133891517
Audit fees
(not subdivided)
Opinion code
Unqualified