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 (2021) 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 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.6M

+18.8% from 2020

Total participants

0.0% from 2020

Average account balance

$69,916

+17.3% from 2020

Annual return

13.00%

+3.18 pp from 2020

Benchmarks

See 3,025 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,025 peers

Snapshot2021

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$134K

$3429 / participant

Other / not subdivided$134K100.0%

% of EOY assets

2.391%

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

$69,916

$77,157-9.4%

$108,405-35.5%

$85,847-18.6%

Participation rate

100.0%

74.7%+25.3pp

80.1%+19.9pp

69.3%+30.7pp

Annual return

13.00%

44.55%-31.6pp

905.55%-892.5pp

318.61%-305.6pp

Employer contribution / active EE

$2,021

$2,379-15.0%

$3,559-43.2%

$2,565-21.2%

Participant deferral / active EE

$6,484

$5,567+16.5%

$6,563-1.2%

$3,952+64.1%

Admin fee / account holder

$1,671

$5,174-67.7%

$7,297-77.1%

$6,261-73.3%

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