Retirement plan

MOTOROLA SOLUTIONS 401(K) PLAN

Name: MOTOROLA SOLUTIONS, INC. - MOTOROLA SOLUTIONS 401(K) PLAN (2024) Form 5500
Creator: MOTOROLA SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOTOROLA SOLUTIONS 401(K) PLAN, MOTOROLA SOLUTIONS, INC.

MOTOROLA SOLUTIONS, INC.EIN 36-1115800Plan #001PY 2024

500 W. MONROE, 43RD FLOOR - CHICAGO, IL 60661224-501-1605motorolasolutions.comLinkedIn10001+ employeestelecommunications

Other plans on this EIN

2 filings

#003Retirement-$3.25B assets #005Retirement-$87.7M assets

Prospect flagsLow returnsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed May 5, 2005 (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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How to read this page

Total assets (EOY)

$6500.2M

+8.1% from 2023

Total participants

22,877

-0.5% from 2023

Average account balance

$292,671

+9.7% from 2023

Annual return

13.14%

-3.44 pp from 2023

Benchmarks

See 98 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort98 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.50B

Not enough data

1 years with asset history on file

Average account balance

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

$293K

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.

22,210

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 6 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY8 years Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 22-1862786	Advisory (Participants)	$1,924,044
NORTHERN TRUST COMPANY10+ years Service code 21 · EIN 36-1561860	Bank Trustee	$944,515
VOYA RETIREMENT INSURANCE & ANNUITY8 years Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284	Loan Processing	$772,938
MERCER10+ years Filed as: MERCER INVESTMENT CONSULTING Service code 16 · EIN 61-0736136	Consulting	$125,763
WINSTON & STRAWN LLP10+ years Filed as: WINSTON AND STRAWN Service code 29 · EIN 36-1975990	Legal	$50,897
CROWE LLP7 years Filed as: CROWE LLC Service code 10 · EIN 35-0921680	Accounting	$47,000

Plan features & details

Pension benefit codes2E2F2G2J2K2O2S2T3H

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3.0M

$297 / participant

Recordkeeping$659K21.7%
Trustee / custodial$111K3.7%
Investment mgmt$2M67.6%
Legal$52K1.7%
Contract admin$41K1.3%
Other / not subdivided$119K3.9%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: $47,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$292,671

$178,759+63.7%

$102,423+185.7%

$106,382+175.1%

Participation rate

93.5%

91.3%+2.2pp

76.5%+17.0pp

69.9%+23.6pp

Annual return

13.14%

17.23%-4.1pp

29.32%-16.2pp

17.37%-4.2pp

Employer contribution / active EE

$4,904

$5,750-14.7%

$3,023+62.2%

$3,364+45.8%

Participant deferral / active EE

$10,966

$9,466+15.8%

$5,053+117.0%

$5,569+96.9%

Admin fee / account holder

$137

$62+119.8%

$9,451-98.6%

$79+72.3%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY8 years

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 22-1862786

Advisory (Participants)

$1,924,044

NORTHERN TRUST COMPANY10+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$944,515

VOYA RETIREMENT INSURANCE & ANNUITY8 years

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 37 · EIN 04-3516284

Loan Processing

$772,938

MERCER10+ years

Filed as: MERCER INVESTMENT CONSULTING

Service code 16 · EIN 61-0736136

Consulting

$125,763

WINSTON & STRAWN LLP10+ years

Filed as: WINSTON AND STRAWN

Service code 29 · EIN 36-1975990

Legal

$50,897

CROWE LLP7 years

Filed as: CROWE LLC

Service code 10 · EIN 35-0921680

Accounting

$47,000

MOTOROLA SOLUTIONS 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOTOROLA SOLUTIONS 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