Retirement plan

SONY USA 401(K) PLAN

Name: SONY CORPORATION OF AMERICA - SONY USA 401(K) PLAN (2019) Form 5500
Creator: SONY CORPORATION OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONY USA 401(K) PLAN, SONY CORPORATION OF AMERICA

SONY CORPORATION OF AMERICAEIN 13-1914734Plan #002PY 2019

25 MADISON AVENUE - NEW YORK, NY 10010212-833-6839

Other plans on this EIN

1 filing

#003Retirement-$950.1M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 29, 1992

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)

$4018.5M

+23.0% from 2018

Total participants

23,948

+0.5% from 2018

Average account balance

$171,285

+22.5% from 2018

Annual return

24.12%

+29.23 pp from 2018

Benchmarks

See 1,090 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,090 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.21B

Not enough data

1 years with asset history on file

Average account balance

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

$243K

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.

25,568

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+15.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 10 of 14 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE ASSOCIATES, INC. Service code 28 · EIN 52-1714114	Investment Management	$879,575
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE STABLE ASSET MGMT INC Service code 28 · EIN 52-0556948	Investment Management	$776,274
BLACKROCK1 year Service code 28 · EIN 94-3112180	Investment Management	$690,617
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Filed as: PRUDENTIAL TRUST COMPANY Service code 28 · EIN 22-2189568	Investment Management	$620,842
ALTRINSIC GLOBAL ADVISORS, LLC1 year Service code 28 · EIN 30-0016268	Investment Management	$578,119
NORTHERN TRUST COMPANY5+ years Service code 21 · EIN 36-1561860	Bank Trustee	$421,060
PRICEWATERHOUSECOOPERS LLP5+ years Service code 11 · EIN 13-4008324	Actuarial	$125,000
STATE STREET GLOBAL ADVISORS1 year Filed as: STATE STREET BANK & TRUST CO. Service code 28 · EIN 04-1867445	Investment Management	$124,456
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON INVESTMENT SERVICE IN Service code 16 · EIN 52-1868818	Consulting	$93,000
AON CONSULTING1 year Service code 11 · EIN 22-2232264	Actuarial	$31,272

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4.2M

$351 / participant

Investment mgmt$3M80.9%
Contract admin$10K0.2%
Other / not subdivided$784K18.8%

% of EOY assets

0.104%

all-in expense ratio

Categories reported

2 / 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: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,285

$89,609+91.1%

$392,568-56.4%

$89,609+91.1%

Participation rate

95.9%

69.6%+26.3pp

78.1%+17.8pp

69.6%+26.3pp

Annual return

24.12%

33.65%-9.5pp

24.42%-0.3pp

33.65%-9.5pp

Employer contribution / active EE

$6,561

$2,584+153.9%

$3,783+73.4%

$2,584+153.9%

Participant deferral / active EE

$11,906

$4,222+182.0%

$5,985+98.9%

$4,222+182.0%

Admin fee / account holder

$177

$72+147.6%

$6,260-97.2%

$72+147.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE ASSOCIATES, INC.

Service code 28 · EIN 52-1714114

Investment Management

$879,575

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE STABLE ASSET MGMT INC

Service code 28 · EIN 52-0556948

Investment Management

$776,274

BLACKROCK1 year

Service code 28 · EIN 94-3112180

Investment Management

$690,617

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Filed as: PRUDENTIAL TRUST COMPANY

Service code 28 · EIN 22-2189568

Investment Management

$620,842

ALTRINSIC GLOBAL ADVISORS, LLC1 year

Service code 28 · EIN 30-0016268

Investment Management

$578,119

NORTHERN TRUST COMPANY5+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$421,060

PRICEWATERHOUSECOOPERS LLP5+ years

Service code 11 · EIN 13-4008324

Actuarial

$125,000

STATE STREET GLOBAL ADVISORS1 year

Filed as: STATE STREET BANK & TRUST CO.

Service code 28 · EIN 04-1867445

Investment Management

$124,456

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON INVESTMENT SERVICE IN

Service code 16 · EIN 52-1868818

Consulting

$93,000

AON CONSULTING1 year

Service code 11 · EIN 22-2232264

Actuarial

$31,272

SONY USA 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONY USA 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