PlanOptica
Retirement plan

LUCENT TECHNOLOGIES INC. PENSION PLAN

NOKIA OF AMERICA CORPORATIONEIN 22-3408857Plan #002PY 2023
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600 MOUNTAIN AVENUE, ROOM 6D-401A - MURRAY HILL, NJ 07974908-723-9869LinkedIn1-10 employees
Other plans on this EIN
2 filings
#001Retirement-$13.86B assets#003Retirement-$9.08B 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 09/27/2024
How to read this page

Summary metrics

Total assets (EOY)
$4246.3M
+2.9% from 2016
Total participants
16,320
+3.1% from 2016
Average account balance
$0
No prior year
Annual return
4.67%
-32.60 pp from 2016

Benchmarks

See 1,486 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort1,486 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $16,857
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $133,386
Admin fee / account holder
$0
median $3,122
Annual return
4.67%
median 7.01%
Overall peer rank
35th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.03B
Average account balance
Total assets / participants with a balance (line 6g)
$266K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
15,169
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
Not enough data
0 years with eligibility data
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
+2.58%
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 15 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC7 years
Service code 15 · EIN 82-1061233
Recordkeeping
$3,519,038
CVS CAREMARK3 years
Service code 13 · EIN 05-0340626
Contract Administrator
$1,226,189
AON CONSULTING, INC.9+ years
Service code 11 · EIN 22-2232264
Actuarial
$600,437
AETNA9+ years
Service code 13 · EIN 06-6033492
Contract Administrator
$337,286
UNITED HEALTHCARE9+ years
Service code 13 · EIN 36-2739571
Contract Administrator
$241,870
MERATIVE2 years
Service code 15 · EIN 88-1430661
Recordkeeping
$123,672
DAY PITNEY5 years
Service code 29 · EIN 22-1661404
Legal
$118,398
NOKIA OF AMERICA CORPORATION7 years
Service code 35 · EIN 22-3408857
Non-monetary compensation; Direct pay...
$65,495
DELOITTE & TOUCHE LLP2 years
Service code 10 · EIN 13-3891517
Accounting
$61,000
UNIVERSAL MAILING SERVICE9+ years
Service code 38 · EIN 22-2381663
Participant Communication
$25,066

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 2024-08-23

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 codes1B1E1I3F3H
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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
$8.2M
  • Recordkeeping$4M43.1%
  • Legal$142K1.7%
  • Actuarial$600K7.4%
  • Salaries / allowances$66K0.8%
  • Contract admin$2M22.1%
  • Other / not subdivided$2M24.9%
% of EOY assets
0.192%
all-in expense ratio
Categories reported
5 / 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
$61,000
Opinion code
Unqualified