Retirement plan

NOKIA RETIREMENT PLAN

NOKIA OF AMERICA CORPORATIONEIN 22-3408857Plan #007PY 2021
600 MOUNTAIN AVENUE,ROOM 6D-401A - MURRAY HILL, NJ 07974908-723-9869LinkedIn1-10 employees
Prospect flagsRecently cancelled planLow returnsWind-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 09/29/2022

Summary metrics

Total assets (EOY)
$0
+21.1% from 2016
Total participants
0
+3.9% from 2016
Average account balance
$0
No prior year
Annual return
-93.41%
+23.58 pp from 2016

Benchmarks

Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants<25
Cohort1,500 peers
Snapshot2021
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $15,348
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $76,217
Admin fee / account holder
$0
median $272
Annual return
-93.41%
median 7.84%
Overall peer rank
2nd percentileavg across 6 metrics

Analytics

2015 - 2021
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$126K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,021
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
-93.41%
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 3 by compensation
ProviderService typeCompensation
Service code 11 · EIN 22-2232264
Actuarial
$336,000
Service code 10 · EIN 13-3891517
Accounting
$173,625
Service code 15 · EIN 82-1061233
Recordkeeping
$50,290

Enrolled actuary

1 attachment
SB

LAWRENCE A. GOLDEN

AON CONSULTING, INC.
Enrollment #2004197
MSC# 17457 P.O. BOX 6718
SOMERSET, NJ 08873
(973) 463-6141
Signed 2022-09-09

Top hat statement on fileNQDC

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

Plan features & details

Pension benefit codes1B1E3F3H
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.
  • 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

3 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.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$659K
  • Other / not subdivided$659K100.0%
% of EOY assets
-
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