Retirement plan

ALTICE USA 401(K) SAVINGS PLAN

Name: CSC HOLDINGS, LLC - ALTICE USA 401(K) SAVINGS PLAN (2020) Form 5500
Creator: CSC HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTICE USA 401(K) SAVINGS PLAN, CSC HOLDINGS, LLC

CSC HOLDINGS, LLCEIN 27-0726696Plan #010PY 2020

1 COURT SQUARE WEST - LONG ISLAND CITY, NY 11101516-803-2300

Other plans on this EIN

1 filing

#003Retirement-$202.2M assets

Prospect flagsLow returnsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$1636.2M

+2.5% from 2016

Total participants

14,748

+5.8% from 2016

Average account balance

$116,403

-9.3% from 2016

Annual return

13.18%

+0.52 pp from 2016

Benchmarks

See 31 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants5,000-9,999

Cohort31 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86B

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

14,268

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$99.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$731,842
FINANCIAL ENGINES6+ years Service code 27 · EIN 77-0473565	Advisory (Plan)	$518,181
STRATEGIC ADVISORS, INC.1 year Filed as: STRATEGIC ADVISERS, INC. Service code 27 · EIN 04-2654524	Advisory (Plan)	$280,615
MERCER4 years Filed as: MERCER INVESTMENT CONSULTING Service code 16 · EIN 61-0736136	Consulting	$76,000
WITHUMSMITH+BROWN, PC1 year Filed as: RUBIN BROWN Service code 10 · EIN 43-0765316	Accounting	$25,500

Plan features & details

Pension benefit codes2F2G2J2E2K2S2T3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$182 / participant

Investment mgmt$281K17.2%
Other / not subdivided$1M82.8%

% of EOY assets

0.100%

all-in expense ratio

Categories reported

1 / 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: RUBIN BROWN LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,403

$103,430+12.5%

$100,540+15.8%

$93,223+24.9%

Participation rate

92.3%

84.3%+8.0pp

79.4%+12.8pp

74.9%+17.4pp

Annual return

13.18%

24.60%-11.4pp

30.90%-17.7pp

19.29%-6.1pp

Employer contribution / active EE

$2,850

$3,129-8.9%

$3,419-16.6%

$2,680+6.4%

Participant deferral / active EE

$6,294

$6,375-1.3%

$6,272+0.4%

$4,563+37.9%

Admin fee / account holder

$116

$85+37.4%

$8,082-98.6%

$79+46.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$731,842

FINANCIAL ENGINES6+ years

Service code 27 · EIN 77-0473565

Advisory (Plan)

$518,181

STRATEGIC ADVISORS, INC.1 year

Filed as: STRATEGIC ADVISERS, INC.

Service code 27 · EIN 04-2654524

Advisory (Plan)

$280,615

MERCER4 years

Filed as: MERCER INVESTMENT CONSULTING

Service code 16 · EIN 61-0736136

Consulting

$76,000

WITHUMSMITH+BROWN, PC1 year

Filed as: RUBIN BROWN

Service code 10 · EIN 43-0765316

Accounting

$25,500

ALTICE USA 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTICE USA 401(K) SAVINGS PLAN

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