Retirement plan
NOKIA RETIREMENT INCOME PLAN
NOKIA OF AMERICA CORPORATIONEIN 22-3408857Plan #001PY 2024
Other plans on this EIN
2 filingsProspect flagsHigh retiree %Low returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
SUSAN LEAR
Signed 09/30/2025
Summary metrics
Total assets (EOY)
$12855.3M
-0.9% from 2016
Total participants
81,332
+4.1% from 2016
Average account balance
$0
No prior year
Annual return
0.46%
+4.54 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort186 peers
Snapshot2024
0
Participant deferral / active EE
$0
median $247
0
Employer contribution / active EE
$0
median $6,320
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
14
Annual return
0.46%
median 6.71%
Overall peer rank
14of 100
14th 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 of 11 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS LLC8 years Service code 15 · EIN 82-1061233 | Recordkeeping | $5,647,225 |
AON CONSULTING, INC.10+ years Service code 11 · EIN 22-2232264 | Actuarial | $618,181 |
NOKIA OF AMERICA CORPORATION8 years Service code 35 · EIN 22-3408857 | Non-monetary compensation; Direct pay... | $313,523 |
DELOITTE & TOUCHE LLP3 years Service code 10 · EIN 13-3891517 | Accounting | $273,000 |
DAY PITNEY6 years Service code 29 · EIN 22-1661404 | Legal | $220,986 |
Service code 30 · EIN 22-3646524 | Employee (plan); Other services; Dire... | $92,947 |
UNIVERSAL MAILING SERVICE10+ years Service code 38 · EIN 22-2381663 | Participant Communication | $34,251 |
CANDID LITHO10+ years Service code 36 · EIN 13-3574319 | Copying and duplicating; Direct payme... | $33,015 |
ACCESS CORP1 year Service code 50 · EIN 22-3094842 | Direct Payment | $23,249 |
SEYFARTH SHAW10+ years Service code 29 · EIN 36-2152202 | Legal | $12,394 |
Enrolled actuary
1 attachment
SB
MELISSA PANE
AON CONSULTING, INC.
Enrollment #2308587
MSC# 17741 P.O. BOX 6718
SOMERSET, NJ 08875
(973) 463-6165
Signed 2025-09-03
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
3 tripped
- 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.
- 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
$16.0M
$2457 / participant
- Recordkeeping$6M35.3%
- Trustee / custodial$618K3.9%
- Legal$233K1.5%
- Salaries / allowances$407K2.5%
- Other / not subdivided$9M56.8%
% of EOY assets
0.124%
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
- DELOITTE & TOUCHE LLP
- Auditor EIN
- 133891517
- Audit fees
- $273,000
- Opinion code
- Unqualified