PlanOptica
Retirement plan

INTEL MINIMUM PENSION PLAN

INTEL CORPORATIONEIN 94-1672743Plan #002PY 2019
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1900 PRAIRIE CITY RD, M/S FM1-118 - FOLSOM, CA 95630intel.comLinkedIn10001+ employeessemiconductors
Other plans on this EIN
2 filings
#003Retirement-$14.78B assets#001Retirement-$6.89B assets
Prospect flagsLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan administrator signer
MICHAEL KNUTSON
Signed 09/18/2020
Plan administrator entity
INTEL RETIREMENT PLANS ADMINISTRATIVE COMMITTEE
EIN 205001544
1900 PRAIRIE CITY RD FM1-118 · FOLSOM, CA 956309501
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Summary metrics

Total assets (EOY)
$1467M
-20.0% from 2016
Total participants
35,974
+4.6% from 2016
Average account balance
$0
No prior year
Annual return
6.66%
-8.78 pp from 2016

Benchmarks

See 222 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort222 peers
Snapshot2019
Participant deferral / active EE
$0
median $57
Employer contribution / active EE
$0
median $5,966
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $894,319,009
Admin fee / account holder
$0
median $2,968,729
Annual return
6.66%
median 16.59%
Overall peer rank
17th 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 8 by compensation
ProviderService typeCompensation
FID INVEST INST OPS CO5+ years
Service code 12 · EIN 04-2647786
Contract Administrator; Consulting (p...
$1,548,671
MERCER5+ years
Service code 11 · EIN 13-2834414
Actuarial
$150,500
CALLAN LLC2 years
Service code 50 · EIN 94-2192581
Direct Payment
$101,518
STATE STREET CORPORATION2 years
Service code 19 · EIN 04-1867445
Securities Custodian
$70,183
ERNST AND YOUNG LLP5+ years
Service code 10 · EIN 34-6565596
Accounting
$65,000
NORTHEAST RETIREMENT SERVICES1 year
Service code 50
12 GILL STREET · WOBURN, MA 01801
Direct Payment
$15,417
CLIFTONLARSONALLEN LLP1 year
Service code 10 · EIN 41-0746749
Accounting
$15,400
MORGAN, LEWIS, & BOCKIUS LLP1 year
Service code 29 · EIN 23-0891050
Legal
$14,424

Enrolled actuary

1 attachment
SB

JAMES CHAKAN, FSA, EA

MERCER
Enrollment #1707696
633 WEST 5TH STREET, SUITE 1200
LOS ANGELES, CA 90071
(213) 346-2317
Signed 2020-03-23

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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Intel Corporation Executive Severance Plan81 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A1D3F3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1D
    Floor-offset plan
    Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$4.7M
$192 / participant
  • Investment mgmt$3M59.2%
  • Contract admin$2M33.1%
  • Other / not subdivided$363K7.7%
% of EOY assets
0.319%
all-in expense ratio
Categories reported
2 / 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
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Disclaimer