Retirement plan

CONSOLIDATED COMMUNICATIONS RETIREMENT PLAN

Name: CONSOLIDATED COMMUNICATIONS, INC. - CONSOLIDATED COMMUNICATIONS RETIREMENT PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#002Retirement-$1.18B assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$625.8M

-8.8% from 2017

Total participants

3,557

+3.7% from 2017

Average account balance

No prior year

Annual return

9.23%

-9.73 pp from 2017

Benchmarks

See 919 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort919 peers

Snapshot2021

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC3 years Service code 11 · EIN 53-0181291	Actuarial	$607,895
WILLIS TOWERS WATSON US LLC3 years Filed as: TOWERS WATSON INVESTMENT SERVICE IN Service code 27 · EIN 52-1868818	Advisory (Plan)	$467,738
NORTHERN TRUST COMPANY6+ years Filed as: THE NORTHERN TRUST COMPANY Service code 21 · EIN 36-1561860	Bank Trustee	$125,975
BLACKROCK1 year Filed as: BLACKROCK INSTITUTIONAL TRUST COMPA Service code 21 · EIN 94-3112180	Bank Trustee	$92,289
SCHIFF HARDIN LLP6+ years Service code 29 · EIN 36-3184453	Legal	$68,521
WELLINGTON TRUST COMPANY1 year Filed as: WELLINGTON TRUST Service code 51 · EIN 04-2755549	Investment Mgmt Fees	$20,687
WEST & COMPANY, LLC5 years Filed as: WEST & COMPANY LLC Service code 10 · EIN 37-0980065	Accounting	$16,900
RIVER AND MERCANTILE LLC2 years Service code 17 · EIN 04-3513306	Pension Consulting	$7,500
ASSET STRATEGY CONSULTANTS1 year Filed as: THE ASSET MANAGEMENT EXCHANGE (IREL Service code 49	Other Services	$0

Enrolled actuary

1 attachment

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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

$4.1M

$2724 / participant

Investment mgmt$711K17.4%
Other / not subdivided$3M82.6%

% of EOY assets

0.651%

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

$444,552-100.0%

$397,815-100.0%

$444,552-100.0%

Participation rate

0.0%

3.7%-3.7pp

33.6%-33.6pp

3.7%-3.7pp

Annual return

9.23%

15.63%-6.4pp

9.74%-0.5pp

15.63%-6.4pp

Employer contribution / active EE

$12,233

$11,476+6.6%

$39,474-69.0%

$11,476+6.6%

Participant deferral / active EE

$1,127-100.0%

$135-100.0%

$1,127-100.0%

Admin fee / account holder

$429-100.0%

$10,161-100.0%

$429-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC3 years

Service code 11 · EIN 53-0181291

Actuarial

$607,895

WILLIS TOWERS WATSON US LLC3 years

Filed as: TOWERS WATSON INVESTMENT SERVICE IN

Service code 27 · EIN 52-1868818

Advisory (Plan)

$467,738

NORTHERN TRUST COMPANY6+ years

Filed as: THE NORTHERN TRUST COMPANY

Service code 21 · EIN 36-1561860

Bank Trustee

$125,975

BLACKROCK1 year

Filed as: BLACKROCK INSTITUTIONAL TRUST COMPA

Service code 21 · EIN 94-3112180

Bank Trustee

$92,289

SCHIFF HARDIN LLP6+ years

Service code 29 · EIN 36-3184453

Legal

$68,521

WELLINGTON TRUST COMPANY1 year

Filed as: WELLINGTON TRUST

Service code 51 · EIN 04-2755549

Investment Mgmt Fees

$20,687

WEST & COMPANY, LLC5 years

Filed as: WEST & COMPANY LLC

Service code 10 · EIN 37-0980065

Accounting

$16,900

RIVER AND MERCANTILE LLC2 years

Service code 17 · EIN 04-3513306

Pension Consulting

$7,500

ASSET STRATEGY CONSULTANTS1 year

Filed as: THE ASSET MANAGEMENT EXCHANGE (IREL

Service code 49

Other Services

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