Retirement plan

TI 401(K) SAVINGS PLAN

Name: TEXAS INSTRUMENTS INCORPORATED - TI 401(K) SAVINGS PLAN (2020) Form 5500
Creator: TEXAS INSTRUMENTS INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TI 401(K) SAVINGS PLAN, TEXAS INSTRUMENTS INCORPORATED

TEXAS INSTRUMENTS INCORPORATEDEIN 75-0289970Plan #017PY 2020

13570 N. CENTRAL EXPRESSWAY, MS 3933 - DALLAS, TX 75243972-995-3333ti.comLinkedIn10001+ employeessemiconductors

Other plans on this EIN

2 filings

#092Retirement-$6.59B assets #006Retirement-$1.35B assets

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed April 21, 2009 (most recent of 4 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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Total assets (EOY)

$1370.3M

+8.3% from 2019

Total participants

1,882

-7.0% from 2019

Average account balance

$731,212

+16.4% from 2019

Annual return

15.93%

-7.08 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09B

Not enough data

1 years with asset history on file

Average account balance

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

$882K

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.

1,235

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$425

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
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INV. INST. OPS. CO., INC. Service code 37 · EIN 04-2647786	Loan Processing	$281,816
NORTHERN TRUST COMPANY6+ years Service code 21 · EIN 36-1561860	Bank Trustee	$146,577
BLACKROCK6+ years Filed as: BLACKROCK INST. TRUST CO. N.A. Service code 28 · EIN 94-3112180	Investment Management	$126,185
ERNST & YOUNG LLP6+ years Service code 10 · EIN 34-6565596	Accounting	$96,802
MERCER6+ years Filed as: WILLIAM M. MERCER INC. Service code 11 · EIN 13-2834414	Actuarial	$13,936
WILLIS TOWERS WATSON US LLC1 year Service code 11 · EIN 53-0181291	Actuarial	$10,334

Plan features & details

Pension benefit codes2E2F2G2H2J2K2R2T3F3H

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$678K

$696 / participant

Investment mgmt$126K18.6%
Contract admin$282K41.6%
Other / not subdivided$270K39.8%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$731,212

$79,519+819.5%

$95,964+662.0%

$73,412+896.0%

Participation rate

99.2%

81.2%+18.0pp

77.1%+22.1pp

72.2%+27.0pp

Annual return

15.93%

19.20%-3.3pp

91.64%-75.7pp

59.30%-43.4pp

Employer contribution / active EE

$2,611

$2,048+27.5%

$2,541+2.8%

$2,234+16.9%

Participant deferral / active EE

$15,071

$4,138+264.2%

$4,167+261.7%

$3,806+296.0%

Admin fee / account holder

$362

$184+96.4%

$6,797-94.7%

$158+129.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INV. INST. OPS. CO., INC.

Service code 37 · EIN 04-2647786

Loan Processing

$281,816

NORTHERN TRUST COMPANY6+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$146,577

BLACKROCK6+ years

Filed as: BLACKROCK INST. TRUST CO. N.A.

Service code 28 · EIN 94-3112180

Investment Management

$126,185

ERNST & YOUNG LLP6+ years

Service code 10 · EIN 34-6565596

Accounting

$96,802

MERCER6+ years

Filed as: WILLIAM M. MERCER INC.

Service code 11 · EIN 13-2834414

Actuarial

$13,936

WILLIS TOWERS WATSON US LLC1 year

Service code 11 · EIN 53-0181291

Actuarial

$10,334

TI 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TI 401(K) SAVINGS 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