Retirement plan

ERICSSON US 401(K) PLAN

Name: ERICSSON INC. - ERICSSON US 401(K) PLAN (2019) Form 5500
Creator: ERICSSON INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERICSSON US 401(K) PLAN, ERICSSON INC.

ERICSSON INC.EIN 06-1119960Plan #006PY 2019

ATTN BENEFITS DEPARTMENT, 6300 LEGACY DRIVE - PLANO, TX 75024972-583-0000

Other plans on this EIN

1 filing

#007Retirement-$2.34B assets

Prospect flagsLow returnsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed September 8, 2006

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)

$3179.2M

+13.8% from 2018

Total participants

16,302

-2.4% from 2018

Average account balance

$195,436

+16.6% from 2018

Annual return

21.21%

+26.01 pp from 2018

Benchmarks

See 32 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants5,000-9,999

Cohort32 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.77B

Not enough data

1 years with asset history on file

Average account balance

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

$294K

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.

12,842

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$116.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+14.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$342

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 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$2,067,398
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907	Recordkeeping	$1,536,929
CAPFINANCIAL PARTNERS LLC4 years Service code 27 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$380,071
WILLIS TOWERS WATSON US LLC1 year Filed as: WILLIS TOWERS WATSON US LLC, Service code 16 LOCKBOX #28852 P.O.BOX 28852 · NEW YORK, NY 100878852	Consulting	$204,288
COWEN & COMPANY LLC1 year Service code 50 · EIN 84-1702964	Direct Payment	$120,155
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GWFS EQUITIES INC Service code 33 · EIN 84-0965407	Other investment fees and expenses; S...	$67,084
BDO USA, LLP4 years Service code 10 P.O. BOX 642743 · PITTSBURGH, PA 15264	Accounting	$61,745
QDRO CONSULTANTS COMPANY, LLC4 years Filed as: QDRO CONSULTANTS COMPANY LLC Service code 16 3071 PEARL ROAD · MEDINA, OH 44256	Consulting	$7,200

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5.5M

$855 / participant

Investment mgmt$4M66.0%
Other / not subdivided$2M34.0%

% of EOY assets

0.174%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,436

$90,629+115.6%

$91,994+112.4%

$82,204+137.7%

Participation rate

99.5%

84.5%+15.0pp

78.6%+20.8pp

73.4%+26.1pp

Annual return

21.21%

31.50%-10.3pp

69.04%-47.8pp

26.31%-5.1pp

Employer contribution / active EE

$7,572

$3,242+133.6%

$3,453+119.3%

$2,707+179.7%

Participant deferral / active EE

$10,554

$5,951+77.4%

$5,924+78.2%

$4,246+148.6%

Admin fee / account holder

$339

$81+318.6%

$7,744-95.6%

$76+348.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$2,067,398

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15 · EIN 84-0467907

Recordkeeping

$1,536,929

CAPFINANCIAL PARTNERS LLC4 years

Service code 27

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$380,071

WILLIS TOWERS WATSON US LLC1 year

Filed as: WILLIS TOWERS WATSON US LLC,

Service code 16

LOCKBOX #28852 P.O.BOX 28852 · NEW YORK, NY 100878852

Consulting

$204,288

COWEN & COMPANY LLC1 year

Service code 50 · EIN 84-1702964

Direct Payment

$120,155

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GWFS EQUITIES INC

Service code 33 · EIN 84-0965407

Other investment fees and expenses; S...

$67,084

BDO USA, LLP4 years

Service code 10

P.O. BOX 642743 · PITTSBURGH, PA 15264

Accounting

$61,745

QDRO CONSULTANTS COMPANY, LLC4 years

Filed as: QDRO CONSULTANTS COMPANY LLC

Service code 16

3071 PEARL ROAD · MEDINA, OH 44256

Consulting

$7,200

ERICSSON US 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERICSSON US 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