Retirement plan

ERICSSON US 401(K) PLAN

Name: ERICSSON INC. - ERICSSON US 401(K) PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#007Retirement-$2.07B assets

Prospect flagsLow returnsHigh feesHigh assets / participantCorrective 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.

Open the filing PDF

How to read this page

Total assets (EOY)

$3891M

+9.6% from 2020

Total participants

15,292

-2.7% from 2020

Average account balance

$255,497

+12.8% from 2020

Annual return

13.35%

-2.39 pp from 2020

Benchmarks

See 31 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants5,000-9,999

Cohort31 peers

Snapshot2021

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$2,280,441
GREAT-WEST LIFE & ANNUITY INSURANCE6 years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$1,454,916
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR Service code 27 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$316,611
WILLIS TOWERS WATSON US LLC2 years Service code 16 LOCKBOX 28025 28025 NETWORK PL · CHICAGO, IL 606731280	Consulting	$187,907
COWEN & COMPANY LLC3 years Service code 33 · EIN 84-1702964	Direct payment from the plan; Securit...	$78,672
BDO USA, LLP2 years Filed as: BDO USA LLP Service code 10 PO BOX 642743 · PITTSBURGH, PA 152642743	Accounting	$52,724
GREAT-WEST LIFE & ANNUITY INSURANCE6 years Filed as: GWFS EQUITIES INC Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Other investment fees and expenses; S...	$16,905
QDRO CONSULTANTS COMPANY, LLC2 years Service code 16 3071 PEARL ROAD · MEDINA, OH 44256	Consulting	$2,700

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

4 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$6.0M

$966 / participant

Investment mgmt$4M67.4%
Other / not subdivided$2M32.6%

% of EOY assets

0.155%

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

$255,497

$112,156+127.8%

$108,405+135.7%

$101,555+151.6%

Participation rate

99.0%

83.2%+15.8pp

80.1%+18.9pp

74.5%+24.4pp

Annual return

13.35%

15.85%-2.5pp

905.55%-892.2pp

21.00%-7.7pp

Employer contribution / active EE

$8,006

$3,067+161.0%

$3,559+125.0%

$2,972+169.4%

Participant deferral / active EE

$11,969

$6,696+78.7%

$6,563+82.4%

$4,874+145.6%

Admin fee / account holder

$396

$75+431.3%

$7,297-94.6%

$139+184.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$2,280,441

GREAT-WEST LIFE & ANNUITY INSURANCE6 years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$1,454,916

CAPFINANCIAL PARTNERS LLC2 years

Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR

Service code 27

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$316,611

WILLIS TOWERS WATSON US LLC2 years

Service code 16

LOCKBOX 28025 28025 NETWORK PL · CHICAGO, IL 606731280

Consulting

$187,907

COWEN & COMPANY LLC3 years

Service code 33 · EIN 84-1702964

Direct payment from the plan; Securit...

$78,672

BDO USA, LLP2 years

Filed as: BDO USA LLP

Service code 10

PO BOX 642743 · PITTSBURGH, PA 152642743

Accounting

$52,724

GREAT-WEST LIFE & ANNUITY INSURANCE6 years

Filed as: GWFS EQUITIES INC

Service code 33

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Other investment fees and expenses; S...

$16,905

QDRO CONSULTANTS COMPANY, LLC2 years

Service code 16

3071 PEARL ROAD · MEDINA, OH 44256

Consulting

$2,700

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