Retirement plan

CONSOLIDATED COMMUNICATIONS RETIREMENT PLAN

Name: CONSOLIDATED COMMUNICATIONS, INC. - CONSOLIDATED COMMUNICATIONS RETIREMENT PLAN (2020) Form 5500
Creator: CONSOLIDATED COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSOLIDATED COMMUNICATIONS RETIREMENT PLAN, CONSOLIDATED COMMUNICATIONS, INC.

CONSOLIDATED COMMUNICATIONS, INC.EIN 02-0636475Plan #006PY 2020

508 OLD MAGNOLIA ROAD - CONROE, TX 77304833-224-1300

Other plans on this EIN

1 filing

#002Retirement-$1.07B assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$634.1M

-8.8% from 2017

Total participants

3,987

+3.7% from 2017

Average account balance

No prior year

Annual return

13.66%

-9.73 pp from 2017

Benchmarks

See 977 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort977 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$420.59M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

1,904

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+3.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 9 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC2 years Service code 11 · EIN 53-0181291	Actuarial	$592,726
WILLIS TOWERS WATSON US LLC2 years Filed as: TOWERS WATSON INVESTMENT SERVICE IN Service code 27 · EIN 52-1868818	Advisory (Plan)	$459,422
NORTHERN TRUST COMPANY5+ years Filed as: THE NORTHERN TRUST COMPANY Service code 21 · EIN 36-1561860	Bank Trustee	$174,385
ALIGHT SOLUTIONS LLC1 year Filed as: TEMPO HOLDING COMPANY LLC DBA ALIGH Service code 15 · EIN 82-1061233	Recordkeeping	$163,605
WEST & COMPANY, LLC4 years Filed as: WEST & COMPANY LLC Service code 10 · EIN 37-0980065	Accounting	$49,200
SCHIFF HARDIN LLP5+ years Service code 29 · EIN 36-3184453	Legal	$47,754
LEGAL & GENERAL INVESTMENT1 year Service code 28 · EIN 20-8058531	Investment Management	$39,638
STATE STREET GLOBAL ADVISORS1 year Filed as: STATE STREET REASEARCH & MANAGEMENT Service code 28 · EIN 13-3142135	Investment Management	$9,945
RIVER AND MERCANTILE LLC1 year Service code 17 · EIN 04-3513306	Pension Consulting	$7,500

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A1C1E1I3H

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).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$4.5M

$2778 / participant

Investment mgmt$1M26.4%
Other / not subdivided$3M73.6%

% of EOY assets

0.705%

all-in expense ratio

Categories reported

1 / 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: WEST & COMPANY, LLC
Auditor EIN: 370980065
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$312,618-100.0%

Participation rate

0.0%

0.0%0pp

31.8%-31.8pp

0.0%0pp

Annual return

13.66%

12.86%+0.8pp

10.03%+3.6pp

12.86%+0.8pp

Employer contribution / active EE

$12,073

$13,687-11.8%

$38,789-68.9%

$13,687-11.8%

Participant deferral / active EE

$833-100.0%

$74-100.0%

$833-100.0%

Admin fee / account holder

$4,182-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC2 years

Service code 11 · EIN 53-0181291

Actuarial

$592,726

WILLIS TOWERS WATSON US LLC2 years

Filed as: TOWERS WATSON INVESTMENT SERVICE IN

Service code 27 · EIN 52-1868818

Advisory (Plan)

$459,422

NORTHERN TRUST COMPANY5+ years

Filed as: THE NORTHERN TRUST COMPANY

Service code 21 · EIN 36-1561860

Bank Trustee

$174,385

ALIGHT SOLUTIONS LLC1 year

Filed as: TEMPO HOLDING COMPANY LLC DBA ALIGH

Service code 15 · EIN 82-1061233

Recordkeeping

$163,605

WEST & COMPANY, LLC4 years

Filed as: WEST & COMPANY LLC

Service code 10 · EIN 37-0980065

Accounting

$49,200

SCHIFF HARDIN LLP5+ years

Service code 29 · EIN 36-3184453

Legal

$47,754

LEGAL & GENERAL INVESTMENT1 year

Service code 28 · EIN 20-8058531

Investment Management

$39,638

STATE STREET GLOBAL ADVISORS1 year

Filed as: STATE STREET REASEARCH & MANAGEMENT

Service code 28 · EIN 13-3142135

Investment Management

$9,945

RIVER AND MERCANTILE LLC1 year

Service code 17 · EIN 04-3513306

Pension Consulting

$7,500

CONSOLIDATED COMMUNICATIONS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSOLIDATED COMMUNICATIONS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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