Retirement plan

CONSOLIDATED COMMUNICATIONS, INC. 401(K) PLAN

Name: CONSOLIDATED COMMUNICATIONS, INC. - CONSOLIDATED COMMUNICATIONS, INC. 401(K) PLAN (2018) Form 5500
Creator: CONSOLIDATED COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSOLIDATED COMMUNICATIONS, INC. 401(K) PLAN, CONSOLIDATED COMMUNICATIONS, INC.

CONSOLIDATED COMMUNICATIONS, INC.EIN 02-0636475Plan #002PY 2018

350 S LOOP 336 WEST - CONROE, TX 773043308936-539-7270

Other plans on this EIN

1 filing

#006Retirement-$253.8M assets

Prospect flagsLow participationHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$827.9M

-5.2% from 2016

Total participants

4,325

+2.5% from 2016

Average account balance

$385,602

-8.5% from 2016

Annual return

135.98%

+44.78 pp from 2016

Benchmarks

See 183 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort183 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.16B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$281K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,124

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.03%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$106

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIRST MID-ILLINOIS BANK & TRUST1 year Service code 27 PO BOX 529 · MATTOON, IL 61938	Advisory (Plan)	$65,000
WEST & COMPANY, LLC1 year Service code 10 1009 SOUTH HAMILTON · SULLIVAN, IL 61951	Accounting	$18,500
T ROWE PRICE RPS INC4+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$16,810
SCHIFF HARDIN LLP3 years Service code 29 233 S WACKER DRIVE · CHICAGO, IL 60606	Legal	$6,795

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$108K

$30 / participant

Investment mgmt$66K60.6%
Other / not subdivided$43K39.4%

% of EOY assets

0.013%

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: WEST & COMPANY LLC
Auditor EIN: 370980065
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$385,602

$71,106+442.3%

$83,327+362.8%

$75,289+412.2%

Participation rate

39.6%

82.0%-42.4pp

77.8%-38.1pp

72.4%-32.8pp

Annual return

135.98%

-0.56%+136.5pp

10.64%+125.3pp

-0.04%+136.0pp

Employer contribution / active EE

$1,646

$2,436-32.4%

$3,379-51.3%

$2,405-31.6%

Participant deferral / active EE

$2,618

$6,249-58.1%

$5,565-53.0%

$3,739-30.0%

Admin fee / account holder

$50

$72-30.3%

$7,540-99.3%

$102-50.7%

Provider

Service type

Compensation

FIRST MID-ILLINOIS BANK & TRUST1 year

Service code 27

PO BOX 529 · MATTOON, IL 61938

Advisory (Plan)

$65,000

WEST & COMPANY, LLC1 year

Service code 10

1009 SOUTH HAMILTON · SULLIVAN, IL 61951

Accounting

$18,500

T ROWE PRICE RPS INC4+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$16,810

SCHIFF HARDIN LLP3 years

Service code 29

233 S WACKER DRIVE · CHICAGO, IL 60606

Legal

$6,795

CONSOLIDATED COMMUNICATIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSOLIDATED COMMUNICATIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion