Retirement plan

165(E) SAVINGS DEFERRED RETIREMENT PLAN FOR ERICSSON CARIBBEAN EMPLOYEES

Name: ERICSSON CARIBBEAN, INC. - 165(E) SAVINGS DEFERRED RETIREMENT PLAN FOR ERICSSON CARIBBEAN EMPLOYEES (2020) Form 5500
Creator: ERICSSON CARIBBEAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 165(E) SAVINGS DEFERRED RETIREMENT PLAN FOR ERICSSON CARIBBEAN EMPLOYEES, ERICSSON CARIBBEAN, INC.

ERICSSON CARIBBEAN, INC.EIN 66-0473345Plan #001PY 2020

#48 CARR 162, CITY VIEW PLAZA STE 6010 - GUAYNABO, PR 009688069787-771-1713

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.7M

+16.6% from 2019

Total participants

-2.4% from 2019

Average account balance

$59,599

+15.1% from 2019

Annual return

9.82%

-4.94 pp from 2019

Benchmarks

See 3,013 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,013 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.61M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$227K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7571

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$78K

$2006 / participant

Other / not subdivided$78K100.0%

% of EOY assets

1.662%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,599

$70,486-15.4%

$100,535-40.7%

$79,856-25.4%

Participation rate

97.4%

73.6%+23.8pp

79.4%+18.0pp

69.6%+27.8pp

Annual return

9.82%

21.90%-12.1pp

30.90%-21.1pp

31.71%-21.9pp

Employer contribution / active EE

$2,058

$2,165-4.9%

$3,419-39.8%

$2,471-16.7%

Participant deferral / active EE

$6,152

$5,182+18.7%

$6,271-1.9%

$3,741+64.5%

Admin fee / account holder

$991

$4,480-77.9%

$8,085-87.7%

$5,306-81.3%

165(E) SAVINGS DEFERRED RETIREMENT PLAN FOR ERICSSON CARIBBEAN EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

165(E) SAVINGS DEFERRED RETIREMENT PLAN FOR ERICSSON CARIBBEAN EMPLOYEES

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