Retirement plan
INTEL MINIMUM PENSION PLAN
INTEL CORPORATIONEIN 94-1672743Plan #002PY 2017
Other plans on this EIN
2 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL KNUTSON
Signed 10/09/2018
Plan administrator entity
INTEL RETIREMENT PLANS ADMINISTRATIVE COMMITTEE
EIN 205001544
1900 PRAIRIE CITY RD FM1-118 · FOLSOM, CA 956309501
Summary metrics
Total assets (EOY)
$1133.7M
-20.0% from 2016
Total participants
38,130
+4.6% from 2016
Average account balance
$0
No prior year
Annual return
10.54%
-8.78 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $19
40
Employer contribution / active EE
$14,389
median $14,389
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $14,491,905
0
Admin fee / account holder
$0
median $81,210
23
Annual return
10.54%
median 12.93%
Overall peer rank
32of 100
32nd 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 CO3+ years Service code 12 · EIN 04-2647786 | Recordkeeping and information managem... | $1,955,931 |
MERCER3+ years Service code 11 · EIN 13-2834414 | Actuarial | $237,687 |
ERNST AND YOUNG LLP3+ years Service code 10 · EIN 34-6565596 | Accounting | $71,100 |
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 2018-10-02
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
$5.0M
$188 / participant
- Contract admin$2M39.5%
- Other / not subdivided$3M60.5%
% of EOY assets
0.437%
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