PlanOptica
Retirement plan

T-MOBILE USA, INC. 401(K) RETIREMENT SAVINGS PLAN AND TRUST

T-MOBILE USA, INC.EIN 91-1983600Plan #001PY 2018
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12920 SOUTHEAST 38TH STREET - BELLEVUE, WA 98006425-383-4000
Prospect flagsLow assets / participantFailed to transmit contributionsFailed to provide benefitCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(425) 383-4000
Plan administrator signer
TINA MARSHALL
Signed 09/24/2019
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Summary metrics

Total assets (EOY)
$2548.4M
-14.7% from 2016
Total participants
60,769
-1.3% from 2016
Average account balance
$47,663
-9.2% from 2016
Annual return
-5.21%
-8.65 pp from 2016

Benchmarks

See 43 peers
Peer group
Industry51 - Information
Plan typeDefined contribution
Participants>=10,000
Cohort43 peers
Snapshot2018
Participant deferral / active EE
$4,063
median $5,352
Employer contribution / active EE
$2,080
median $2,379
Participation rate
85.8%
median 89.9%
Avg account balance
$47,663
median $82,940
Admin fee / account holder
$63
median $64
Annual return
-5.21%
median -4.80%
Overall peer rank
37th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$9.05B
Average account balance
Total assets / participants with a balance (line 6g)
$115K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
78,399
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
75.0%
Contributions (total)
Employer and participant dollars contributed each year
$547.29M
Contributions per participant
Average employer and participant contribution per enrolled participant
$8K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.45%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$28
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
FIDELITY INVESTMENTS INSTITUTIONAL4+ years
Service code 37 · EIN 04-2647786
Loan Processing
$3,250,905
MERCER INVESTMENT CONSULTING INC3 years
Service code 16 · EIN 61-0736136
Consulting
$64,268
CLARK NUBER PS3 years
Service code 10 · EIN 91-1194016
Accounting
$36,037

Top hat statement on fileNQDC

Filed September 13, 2008 (most recent of 3 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.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
  • 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

4 tripped
  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$3.4M
$65 / participant
  • Investment mgmt$3M100.0%
% of EOY assets
0.132%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
CLARK NUBER, P.S.
Auditor EIN
911194016
Audit fees
(not subdivided)
Opinion code
Disclaimer