Retirement plan

TE CONNECTIVITY RETIREMENT SAVINGS AND INVESTMENT PLAN

Name: TE CONNECTIVITY CORPORATION - TE CONNECTIVITY RETIREMENT SAVINGS AND INVESTMENT PLAN (2024) 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 2024

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

Other plans on this EIN

2 filings

#045Retirement-$513.0M assets #067Retirement-$112.5M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

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)

$3087.5M

-4.5% from 2016

Total participants

15,295

+0.6% from 2016

Average account balance

$205,547

-4.5% from 2016

Annual return

18.43%

-8.13 pp from 2016

Benchmarks

See 128 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort128 peers

Snapshot2024

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 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-1455663	Recordkeeping	$889,073
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$281,136
NORTHERN TRUST COMPANY10+ years Service code 21 · EIN 36-1561860	Bank Trustee	$214,282
WESTERN ASSET MANAGEMENT COMPANY10+ years Service code 28 · EIN 95-2705767	Investment Management	$149,176
WILLIS TOWERS WATSON US LLC10+ years Filed as: TOWERS WATSON INV SERVICE INC Service code 28 · EIN 52-1868818	Investment Management	$104,348
CLIFTONLARSONALLEN LLP10+ years Filed as: CLIFTON LARSON ALLEN LLP Service code 28 · EIN 41-0746749	Investment Management	$28,460
ARROWSTREET CAPITAL1 year Filed as: ARROWSTREET CAPITAL L.P. Service code 28 · EIN 04-3472863	Investment Management	$23,250
THINK PATENTED8 years Service code 99 · EIN 20-4558719	Other Fees	$5,408

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

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

$1.7M

$212 / participant

Recordkeeping$937K53.6%
Trustee / custodial$214K12.3%
Investment mgmt$277K15.9%
Legal$281K16.1%
Other / not subdivided$37K2.1%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $28,460
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,547

$159,391+29.0%

$102,460+100.6%

$99,313+107.0%

Participation rate

96.7%

88.6%+8.1pp

76.5%+20.2pp

71.7%+25.0pp

Annual return

18.43%

19.03%-0.6pp

29.47%-11.0pp

17.67%+0.8pp

Employer contribution / active EE

$5,736

$4,207+36.3%

$3,025+89.6%

$3,264+75.7%

Participant deferral / active EE

$9,436

$7,498+25.8%

$5,056+86.6%

$5,346+76.5%

Admin fee / account holder

$116

$159-26.9%

$9,460-98.8%

$109+6.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-1455663

Recordkeeping

$889,073

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$281,136

NORTHERN TRUST COMPANY10+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$214,282

WESTERN ASSET MANAGEMENT COMPANY10+ years

Service code 28 · EIN 95-2705767

Investment Management

$149,176

WILLIS TOWERS WATSON US LLC10+ years

Filed as: TOWERS WATSON INV SERVICE INC

Service code 28 · EIN 52-1868818

Investment Management

$104,348

CLIFTONLARSONALLEN LLP10+ years

Filed as: CLIFTON LARSON ALLEN LLP

Service code 28 · EIN 41-0746749

Investment Management

$28,460

ARROWSTREET CAPITAL1 year

Filed as: ARROWSTREET CAPITAL L.P.

Service code 28 · EIN 04-3472863

Investment Management

$23,250

THINK PATENTED8 years

Service code 99 · EIN 20-4558719

Other Fees

$5,408

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