Retirement plan
LENOVO SAVINGS PLAN
LENOVO (UNITED STATES) INC.EIN 52-2449153Plan #002PY 2024
8001 DEVELOPMENT DR - MORRISVILLE, NC 275607416919-237-8600
Other plans on this EIN
1 filingProspect flagsHigh assets / participant
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$2605.5M
-5.0% from 2016
Total participants
9,274
+4.1% from 2016
Average account balance
$284,036
-9.1% from 2016
Annual return
14.00%
+244.64 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants5,000-9,999
Cohort128 peers
Snapshot2024
94
Participant deferral / active EE
$16,829
median $6,626
93
Employer contribution / active EE
$9,528
median $3,836
77
Participation rate
98.1%
median 95.6%
96
Avg account balance
$284,036
median $124,693
25
Admin fee / account holder
$102
median $70
31
Annual return
14.00%
median 15.13%
Overall peer rank
70of 100
70th 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 |
|---|---|---|
EDELMAN FINANCIAL ENGINES3 years Service code 27 · EIN 77-0473565 | Advisory (Plan) | $572,211 |
FIDELITY INVESTMENTS10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $68,749 |
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
1 tripped
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$932K
$178 / participant
- Recordkeeping$360K38.6%
- Investment mgmt$572K61.4%
% of EOY assets
0.036%
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
- PBMARES, LLP
- Auditor EIN
- 540737372
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified