PlanOptica
Retirement plan

INTEL MINIMUM PENSION PLAN

INTEL CORPORATIONEIN 94-1672743Plan #002PY 2023
Sign in to saveView 5500 PDF
1900 PRAIRIE CITY RD, M/S FM3-05 - FOLSOM, CA 95630intel.comLinkedIn10001+ employeessemiconductors
Other plans on this EIN
2 filings
#003Retirement-$22.18B assets#001Retirement-$7.24B assets
Prospect flagsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan administrator signer
IRINA SILIC
Signed 09/12/2024
Plan administrator entity
INTEL RETIREMENT PLANS ADMINISTRATIVE COMMITTEE
EIN 205001544
1900 PRAIRIE CITY RD M/S FM3-05 · FOLSOM, CA 956309501
How to read this page

Summary metrics

Total assets (EOY)
$910M
-20.0% from 2016
Total participants
30,735
+4.6% from 2016
Average account balance
$0
No prior year
Annual return
8.23%
-8.78 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$0
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
8.23%
median 8.27%
Overall peer rank
48th 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 9 by compensation
ProviderService typeCompensation
FID INVEST INST OPS CO9+ years
Service code 12 · EIN 04-2647786
Contract Administrator; Participant c...
$1,441,589
BLACKROCK INSTITUTIONAL TRUST COMPA4 years
Service code 28 · EIN 94-3112180
Investment Management
$399,860
MERCER US LLC1 year
Service code 11 · EIN 13-2834414
Actuarial
$233,400
AON INVESTMENTS USA INC.4 years
Service code 50 · EIN 36-3109431
Direct Payment
$221,072
CROWE LLP2 years
Service code 10 · EIN 35-0921680
Accounting
$46,800
NORTHEAST RETIREMENT SERVICES5 years
Service code 50
12 GILL STREET · WOBURN, MA 01801
Direct Payment
$30,000
THE BANK OF NEW YORK MELLON2 years
Service code 19 · EIN 13-5160382
Securities Custodian
$24,481
CLIFTONLARSONALLEN LLP5 years
Service code 10 · EIN 41-0746749
Accounting
$23,110
CHRISTOPHER C GECZY3 years
Service code 17
108 SPRINGHOUSE LANE · NEWTON SQUARE, PA 19073
Pension Consulting
$9,000

Enrolled actuary

1 attachment
SB

JAMES CHAKAN, FSA, EA

MERCER
Enrollment #2307696
633 WEST 5TH STREET, SUITE 1200
LOS ANGELES, CA 90071
(213) 346-2317
Signed 2024-03-25

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
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

1 tripped
  • 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
$4.3M
$231 / participant
  • Recordkeeping$23K0.5%
  • Trustee / custodial$24K0.6%
  • Investment mgmt$660K15.2%
  • Legal$3K0.1%
  • Actuarial$233K5.4%
  • Contract admin$1M33.2%
  • Other / not subdivided$2M45.1%
% of EOY assets
0.477%
all-in expense ratio
Categories reported
6 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CROWE LLP
Auditor EIN
350921680
Audit fees
$46,800
Opinion code
Unqualified