Retirement plan

PARAMOUNT GLOBAL 401(K) PLAN (FKA VIACOMCBS 401(K) PLAN)

Name: PARAMOUNT GLOBAL - PARAMOUNT GLOBAL 401(K) PLAN (FKA VIACOMCBS 401(K) PLAN) (2023) Form 5500
Creator: PARAMOUNT GLOBAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARAMOUNT GLOBAL 401(K) PLAN (FKA VIACOMCBS 401(K) PLAN), PARAMOUNT GLOBAL

PARAMOUNT GLOBALEIN 04-2949533Plan #002PY 2023

1515 BROADWAY - NEW YORK, NY 10036212-258-6000paramountdispatchsolutions.comLinkedIn1-10 employeestransportation/trucking/railroad

Other plans on this EIN

4 filings

#200Retirement-$1.97B assets #205Retirement-$529.9M assets #202Retirement-$21.0M assets #001Retirement-$66K assets

Prospect flagsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed October 4, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$6118.6M

+13.7% from 2022

Total participants

36,431

+0.9% from 2022

Average account balance

$178,261

+17.8% from 2022

Annual return

17.10%

+32.31 pp from 2022

Benchmarks

See 40 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants>=10,000

Cohort40 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.36B

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

31,614

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$328.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+13.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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
FINANCIAL ENGINES9+ years Service code 27 · EIN 94-3250323	Advisory (Plan)	$2,162,249
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	$691,701
PRICEWATERHOUSECOOPERS LLP9+ years Service code 10 · EIN 13-4008324	Accounting	$262,000
AON CONSULTING1 year Filed as: AON INVESTMENTS Service code 16 · EIN 36-3109431	Consulting	$171,000
STATE STREET GLOBAL ADVISORS5 years Service code 16 · EIN 81-4017137	Consulting	$100,000
HARTER SECREST & EMERY LLP1 year Service code 16 · EIN 16-0766172	Consulting	$54,538
WILLIS TOWERS WATSON US LLC6 years Filed as: TOWERS WATSON INVESTMENT SERVICES, Service code 16 · EIN 52-1868818	Consulting	$16,649
EVESTMENT ALLIANCE LLC4 years Service code 16 · EIN 90-0905513	Consulting	$15,066
CURCIO WEBB1 year Filed as: CURCIO WEBB, LLC Service code 16 · EIN 36-4171366	Consulting	$6,865

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3F3H

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6.8M

$384 / participant

Recordkeeping$685K10.0%
Investment mgmt$5M78.5%
Legal$55K0.8%
Contract admin$6K0.1%
Other / not subdivided$721K10.6%

% of EOY assets

0.112%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: $262,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,261

$141,418+26.1%

$94,672+88.3%

$96,393+84.9%

Participation rate

88.1%

86.8%+1.3pp

80.8%+7.3pp

71.3%+16.9pp

Annual return

17.10%

21.96%-4.9pp

156.89%-139.8pp

22.88%-5.8pp

Employer contribution / active EE

$7,867

$4,361+80.4%

$3,673+114.2%

$3,239+142.9%

Participant deferral / active EE

$11,584

$10,695+8.3%

$7,417+56.2%

$5,455+112.4%

Admin fee / account holder

$199

$82+141.3%

$7,222-97.2%

$74+169.2%

Provider

Service type

Compensation

FINANCIAL ENGINES9+ years

Service code 27 · EIN 94-3250323

Advisory (Plan)

$2,162,249

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

$691,701

PRICEWATERHOUSECOOPERS LLP9+ years

Service code 10 · EIN 13-4008324

Accounting

$262,000

AON CONSULTING1 year

Filed as: AON INVESTMENTS

Service code 16 · EIN 36-3109431

Consulting

$171,000

STATE STREET GLOBAL ADVISORS5 years

Service code 16 · EIN 81-4017137

Consulting

$100,000

HARTER SECREST & EMERY LLP1 year

Service code 16 · EIN 16-0766172

Consulting

$54,538

WILLIS TOWERS WATSON US LLC6 years

Filed as: TOWERS WATSON INVESTMENT SERVICES,

Service code 16 · EIN 52-1868818

Consulting

$16,649

EVESTMENT ALLIANCE LLC4 years

Service code 16 · EIN 90-0905513

Consulting

$15,066

CURCIO WEBB1 year

Filed as: CURCIO WEBB, LLC

Service code 16 · EIN 36-4171366

Consulting

$6,865

PARAMOUNT GLOBAL 401(K) PLAN (FKA VIACOMCBS 401(K) PLAN)

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAMOUNT GLOBAL 401(K) PLAN (FKA VIACOMCBS 401(K) PLAN)

Top hat statement on fileNQDC

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