Retirement plan

SONY USA 401(K) PLAN

Name: SONY CORPORATION OF AMERICA - SONY USA 401(K) PLAN (2023) 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 2023

25 MADISON AVENUE - NEW YORK, NY 10010212-833-6858

Prospect flagsFailed to transmit contributions

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.

Open the filing PDF

How to read this page

Total assets (EOY)

$5476.1M

+21.3% from 2022

Total participants

26,154

+1.7% from 2022

Average account balance

$213,236

+19.4% from 2022

Annual return

20.65%

+37.69 pp from 2022

Benchmarks

See 1,196 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,196 peers

Snapshot2023

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

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

Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
BLACKROCK5 years Service code 21 · EIN 94-3112180	Bank Trustee	$1,061,102
FINANCIAL ENGINES4 years Filed as: EDELMAN FINANCIAL ENGINES, LLC Service code 28 · EIN 94-3250323	Investment Management	$968,582
T ROWE PRICE RPS INC4 years Filed as: T ROWE PRICE ASSET MGMT INC Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$896,443
T ROWE PRICE RPS INC5 years Filed as: T. ROWE PRICE ASSOCIATES, INC. Service code 28 · EIN 52-0556948	Investment Management	$888,924
ALTRINSIC GLOBAL ADVISORS, LLC5 years Service code 28 · EIN 30-0016268	Investment Management	$772,874
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Filed as: PRUDENTIAL TRUST COMPANY Service code 28 · EIN 23-6994310	Investment Management	$685,924
NORTHERN TRUST COMPANY9+ years Service code 19 · EIN 36-1561860	Securities Custodian	$431,236
LOOMIS SAYLES1 year Filed as: LOOMIS SAYLES TRUST COMPANY Service code 28 · EIN 20-8080381	Investment Management	$228,497
MERCER4 years Filed as: MERCER INVESTMENTS LLC Service code 28 · EIN 30-0282430	Investment Management	$151,525
PRICEWATERHOUSECOOPERS LLP9+ years Service code 10 · EIN 13-4008324	Accounting	$140,000

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$6.4M

$460 / participant

Recordkeeping$896K14.0%
Trustee / custodial$281K4.4%
Investment mgmt$5M78.6%
Other / not subdivided$187K2.9%

% of EOY assets

0.117%

all-in expense ratio

Categories reported

3 / 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: $140,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$213,236

$96,393+121.2%

$130,270+63.7%

$96,393+121.2%

Participation rate

96.6%

71.3%+25.3pp

76.3%+20.3pp

71.3%+25.3pp

Annual return

20.65%

22.88%-2.2pp

38.89%-18.2pp

22.88%-2.2pp

Employer contribution / active EE

$7,799

$3,239+140.8%

$4,128+89.0%

$3,239+140.8%

Participant deferral / active EE

$14,779

$5,455+170.9%

$6,797+117.4%

$5,455+170.9%

Admin fee / account holder

$249

$74+236.6%

$6,022-95.9%

$74+236.6%

Provider

Service type

Compensation

BLACKROCK5 years

Service code 21 · EIN 94-3112180

Bank Trustee

$1,061,102

FINANCIAL ENGINES4 years

Filed as: EDELMAN FINANCIAL ENGINES, LLC

Service code 28 · EIN 94-3250323

Investment Management

$968,582

T ROWE PRICE RPS INC4 years

Filed as: T ROWE PRICE ASSET MGMT INC

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$896,443

T ROWE PRICE RPS INC5 years

Filed as: T. ROWE PRICE ASSOCIATES, INC.

Service code 28 · EIN 52-0556948

Investment Management

$888,924

ALTRINSIC GLOBAL ADVISORS, LLC5 years

Service code 28 · EIN 30-0016268

Investment Management

$772,874

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Filed as: PRUDENTIAL TRUST COMPANY

Service code 28 · EIN 23-6994310

Investment Management

$685,924

NORTHERN TRUST COMPANY9+ years

Service code 19 · EIN 36-1561860

Securities Custodian

$431,236

LOOMIS SAYLES1 year

Filed as: LOOMIS SAYLES TRUST COMPANY

Service code 28 · EIN 20-8080381

Investment Management

$228,497

MERCER4 years

Filed as: MERCER INVESTMENTS LLC

Service code 28 · EIN 30-0282430

Investment Management

$151,525

PRICEWATERHOUSECOOPERS LLP9+ years

Service code 10 · EIN 13-4008324

Accounting

$140,000

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