Retirement plan
INTEL MINIMUM PENSION PLAN
INTEL CORPORATIONEIN 94-1672743Plan #002PY 2016
Other plans on this EIN
2 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL KNUTSON
Signed 10/04/2017
Plan administrator entity
INTEL RETIREMENT PLANS ADMINISTRATIVE COMMITTEE
EIN 205001544
1900 PRAIRIE CITY RD FM3-224 · FOLSOM, CA 956309501
Summary metrics
Total assets (EOY)
$786.3M
-20.0% from 2016
Total participants
39,866
+4.6% from 2016
Average account balance
$0
No prior year
Annual return
7.68%
-8.78 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort32 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $61
39
Employer contribution / active EE
$10,049
median $5,746
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
61
Annual return
7.68%
median 7.59%
Overall peer rank
50of 100
50th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$814.71M
Average account balance
Total assets / participants with a balance (line 6g)
$32K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
12,559
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
$450.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$18K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-2.24%
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
| Provider | Service type | Compensation |
|---|---|---|
FID INVEST INST OPS CO2+ years Service code 12 · EIN 04-2647786 | Contract Administrator; Consulting (p... | $1,696,540 |
MERCER2+ years Service code 11 · EIN 13-2834414 | Actuarial | $228,400 |
ERNST AND YOUNG LLP2+ years Service code 10 · EIN 34-6565596 | Accounting | $71,000 |
Enrolled actuary
1 attachment
SB
ROWENA LAI, FSA, EA, MAAA
MERCER
Enrollment #1707718
4 EMBARCADERO CENTER, SUITE 400
SAN FRANCISCO, CA 94111
(415) 743-8872
Signed 2017-09-25
Top hat statement on fileNQDC
Filed August 8, 2024 (most recent of 4 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
2200 Mission College Boulevard
Santa Clara, CA 95054
Plans declared (1)
- Intel Corporation Executive Severance Plan81 emp
Plan features & details
Pension benefit codes1A1D3F3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1DFloor-offset planDefined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
- 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
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$4.5M
$162 / participant
- Contract admin$2M37.8%
- Other / not subdivided$3M62.2%
% of EOY assets
0.571%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- ERNST & YOUNG LLP
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified