Retirement plan
AT&T SAVINGS AND SECURITY PLAN
AT&T INC.EIN 43-1301883Plan #004PY 2019
Other plans on this EIN
4 filingsProspect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
PAUL W. STEPHENS
Signed 09/11/2020
Plan administrator entity
AT&T SERVICES, INC.
EIN 742782655
Summary metrics
Total assets (EOY)
$2554M
-9.3% from 2016
Total participants
41,113
+5.9% from 2016
Average account balance
$145,654
-14.5% from 2016
Annual return
26.29%
-12.30 pp from 2016
Benchmarks
Peer group
Industry51 - Information
Plan typeDefined contribution
Participants>=10,000
Cohort42 peers
Snapshot2019
12
Participant deferral / active EE
$1,934
median $7,055
10
Employer contribution / active EE
$944
median $2,897
5
Participation rate
35.8%
median 92.5%
61
Avg account balance
$145,654
median $103,347
12
Admin fee / account holder
$124
median $66
76
Annual return
26.29%
median 23.16%
Overall peer rank
29of 100
29th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.27B
Average account balance
Total assets / participants with a balance (line 6g)
$199K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
11,380
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
32.2%
Contributions (total)
Employer and participant dollars contributed each year
$70.63M
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+17.37%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$177
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 13 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $583,000 |
FINANCIAL ENGINES, INC.5+ years Service code 27 · EIN 94-3250323 | Advisory (Plan) | $496,000 |
FIDELITY UNIVERSAL BASIC FEE3 years Service code 37 · EIN 04-2647786 | Loan Processing | $305,000 |
RGA REINSURANCE COMPANY5+ years Service code 28 · EIN 43-1235868 | Investment Management | $150,000 |
Service code 28 · EIN 52-0419790 | Investment Management | $143,000 |
PGIM, INC.1 year Service code 28 · EIN 22-2540245 | Investment Management | $112,000 |
Service code 21 · EIN 94-3112180 | Bank Trustee | $96,000 |
NEWPORT TRUST COMPANY3 years Service code 28 · EIN 27-4411131 | Investment Management | $72,000 |
THE BANK OF NEW YORK MELLON2 years Service code 21 · EIN 13-5160382 | Bank Trustee | $69,000 |
AT&T INC.5+ years Service code 14 · EIN 43-1301883 | Plan Administrator | $49,000 |
Top hat statement on fileNQDC
Filed July 29, 2006 (most recent of 4 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes2E2F2G2I2J2K2O2T3F3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2IStock bonusStock bonus plan.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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
4 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Expense breakdown
Schedule H Part II
Admin total
$2.2M
$59 / participant
- Investment mgmt$659K30.3%
- Contract admin$889K40.8%
- Other / not subdivided$630K28.9%
% of EOY assets
0.085%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BKD, LLP
- Auditor EIN
- 440160260
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified