Retirement plan

TELEPHONE AND DATA SYSTEMS, INC. TAX-DEFERRED SAVINGS PLAN

Name: TELEPHONE AND DATA SYSTEMS, INC. - TELEPHONE AND DATA SYSTEMS, INC. TAX-DEFERRED SAVINGS PLAN (2020) Form 5500
Creator: TELEPHONE AND DATA SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TELEPHONE AND DATA SYSTEMS, INC. TAX-DEFERRED SAVINGS PLAN, TELEPHONE AND DATA SYSTEMS, INC.

TELEPHONE AND DATA SYSTEMS, INC.EIN 36-2669023Plan #003PY 2020

P.O. BOX 628010 - MIDDLETON, WI 535628010608-664-8300LinkedIn201-500 employeestelecommunications

Other plans on this EIN

1 filing

#008Retirement-$443.3M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed August 3, 2022 (most recent of 6 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

30 North LaSalle Street, Suite 4000

Chicago, IL 60602

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Plans declared (1)

Telephone and Data Systems, Inc. 2022 Long-Term Incentive Plan25 emp

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How to read this page

Total assets (EOY)

$1398.2M

+14.6% from 2019

Total participants

13,945

+0.1% from 2019

Average account balance

$105,257

+18.2% from 2019

Annual return

15.50%

-6.25 pp from 2019

Benchmarks

See 31 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants5,000-9,999

Cohort31 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.59B

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

11,845

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
AON CONSULTING6+ years Service code 15 · EIN 22-2232264	Recordkeeping	$1,264,208
NORTHERN TRUST COMPANY5+ years Service code 21 · EIN 36-1561860	Bank Trustee	$146,194
BLACKROCK4 years Filed as: BLACKROCK INSTITUTIONAL TRUST CO. Service code 21 · EIN 94-3112180	Bank Trustee	$38,428

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$162 / participant

Investment mgmt$38K2.5%
Contract admin$1M97.5%

% of EOY assets

0.109%

all-in expense ratio

Categories reported

2 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,257

$103,430+1.8%

$100,516+4.7%

$93,223+12.9%

Participation rate

93.0%

84.3%+8.7pp

79.4%+13.6pp

74.9%+18.1pp

Annual return

15.50%

24.60%-9.1pp

30.89%-15.4pp

19.29%-3.8pp

Employer contribution / active EE

$2,809

$3,129-10.2%

$3,418-17.8%

$2,680+4.8%

Participant deferral / active EE

$6,998

$6,375+9.8%

$6,270+11.6%

$4,563+53.4%

Admin fee / account holder

$115

$85+36.1%

$8,081-98.6%

$79+45.3%

Provider

Service type

Compensation

AON CONSULTING6+ years

Service code 15 · EIN 22-2232264

Recordkeeping

$1,264,208

NORTHERN TRUST COMPANY5+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$146,194

BLACKROCK4 years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO.

Service code 21 · EIN 94-3112180

Bank Trustee

$38,428

TELEPHONE AND DATA SYSTEMS, INC. TAX-DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TELEPHONE AND DATA SYSTEMS, INC. TAX-DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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