Retirement plan

TE CONNECTIVITY RETIREMENT SAVINGS AND INVESTMENT PLAN

Name: TE CONNECTIVITY CORPORATION - TE CONNECTIVITY RETIREMENT SAVINGS AND INVESTMENT PLAN (2020) Form 5500
Creator: TE CONNECTIVITY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TE CONNECTIVITY RETIREMENT SAVINGS AND INVESTMENT PLAN, TE CONNECTIVITY CORPORATION

TE CONNECTIVITY CORPORATIONEIN 23-0332575Plan #008PY 2020

1050 WESTLAKES DRIVE - BERWYN, PA 19312717-985-2042

Other plans on this EIN

5 filings

#045Retirement-$882.1M assets #066Retirement-$57.2M assets #049Retirement-$33.3M assets #053Retirement-$4.8M assets #004Retirement--

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 26, 2007 (most recent of 3 filings on file)

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)

$2985.3M

-4.5% from 2016

Total participants

16,235

+0.6% from 2016

Average account balance

$187,565

-4.5% from 2016

Annual return

23.31%

-8.13 pp from 2016

Benchmarks

See 129 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort129 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.09B

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

15,021

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+18.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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 7 by compensation

Provider	Service type	Compensation
NORTHWEST PLAN SERVICES, INC.6+ years Service code 13 · EIN 91-2090931	Contract Administrator	$814,837
NORTHERN TRUST COMPANY6+ years Service code 21 · EIN 36-1561860	Bank Trustee	$128,300
ARROWSTREET CAPITAL6+ years Filed as: ARROWSTREET CAPITAL, L.P. Service code 28 · EIN 04-3472863	Investment Management	$117,725
MORGAN STANLEY SMITH BARNEY6+ years Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$75,533
WESTERN ASSET MANAGEMENT COMPANY6+ years Service code 28 · EIN 95-2705767	Investment Management	$67,503
STRATEGIC BENEFIT ADVISORS6+ years Filed as: STRATEGIC BENEFITS ADVISORS, INC Service code 11 · EIN 03-0415817	Actuarial	$63,403
WILLIS TOWERS WATSON US LLC6+ years Filed as: TOWERS WATSON INV SERVICE INC Service code 28 · EIN 52-1868818	Investment Management	$40,420

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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

$2.0M

$217 / participant

Investment mgmt$981K49.6%
Contract admin$815K41.2%
Other / not subdivided$182K9.2%

% of EOY assets

0.066%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,565

$124,049+51.2%

$95,968+95.4%

$93,223+101.2%

Participation rate

96.5%

88.4%+8.1pp

77.1%+19.4pp

74.9%+21.6pp

Annual return

23.31%

22.17%+1.1pp

91.65%-68.3pp

19.29%+4.0pp

Employer contribution / active EE

$4,890

$3,478+40.6%

$2,542+92.4%

$2,680+82.5%

Participant deferral / active EE

$7,809

$6,147+27.0%

$4,167+87.4%

$4,563+71.1%

Admin fee / account holder

$124

$73+71.0%

$6,798-98.2%

$79+57.0%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.6+ years

Service code 13 · EIN 91-2090931

Contract Administrator

$814,837

NORTHERN TRUST COMPANY6+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$128,300

ARROWSTREET CAPITAL6+ years

Filed as: ARROWSTREET CAPITAL, L.P.

Service code 28 · EIN 04-3472863

Investment Management

$117,725

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$75,533

WESTERN ASSET MANAGEMENT COMPANY6+ years

Service code 28 · EIN 95-2705767

Investment Management

$67,503

STRATEGIC BENEFIT ADVISORS6+ years

Filed as: STRATEGIC BENEFITS ADVISORS, INC

Service code 11 · EIN 03-0415817

Actuarial

$63,403

WILLIS TOWERS WATSON US LLC6+ years

Filed as: TOWERS WATSON INV SERVICE INC

Service code 28 · EIN 52-1868818

Investment Management

$40,420

TE CONNECTIVITY RETIREMENT SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TE CONNECTIVITY RETIREMENT SAVINGS AND INVESTMENT 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