Retirement plan
LENOVO SAVINGS PLAN
LENOVO (UNITED STATES) INC.EIN 52-2449153Plan #002PY 2022
8001 DEVELOPMENT DR - MORRISVILLE, NC 275607416919-237-8600
Other plans on this EIN
1 filingProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$2025.9M
-5.0% from 2016
Total participants
9,868
+4.1% from 2016
Average account balance
$207,844
-9.1% from 2016
Annual return
-16.17%
+244.64 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort811 peers
Snapshot2022
96
Participant deferral / active EE
$16,785
median $5,154
97
Employer contribution / active EE
$10,453
median $2,578
75
Participation rate
97.5%
median 94.1%
96
Avg account balance
$207,844
median $73,505
69
Admin fee / account holder
$63
median $90
38
Annual return
-16.17%
median -15.46%
Overall peer rank
78of 100
78th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.61B
Average account balance
Total assets / participants with a balance (line 6g)
$284K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,173
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.1%
Contributions (total)
Employer and participant dollars contributed each year
$138.25M
Contributions per participant
Average employer and participant contribution per enrolled participant
$26K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.00%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$102
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 77-0473565 | Advisory (Plan) | $545,124 |
FIDELITY INVESTMENTS8+ years Service code 37 · EIN 04-2647786 | Loan Processing | -$111,555 |
Top hat statement on fileNQDC
Filed August 24, 2005
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 codes2F2G2J2K2S2T3H
Plan features
- 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.
- 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.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$613K
$129 / participant
- Other / not subdivided$613K100.0%
% of EOY assets
0.030%
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
- PBMARES, LLP
- Auditor EIN
- 540737372
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified