Retirement plan

FRONTIER COMMUNICATIONS CORPORATE SERVICES INC. SAVINGS AND SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES

Name: FRONTIER COMMUNICATIONS PARENT, INC. - FRONTIER COMMUNICATIONS CORPORATE SERVICES INC. SAVINGS AND SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES (2023) Form 5500
Creator: FRONTIER COMMUNICATIONS PARENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRONTIER COMMUNICATIONS CORPORATE SERVICES INC. SAVINGS AND SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES, FRONTIER COMMUNICATIONS PARENT, INC.

FRONTIER COMMUNICATIONS PARENT, INC.EIN 86-2359749Plan #003PY 2023

401 MERRITT 7 - NORWALK, CT 06851203-614-5600LinkedIn1-10 employeestelecommunications

Other plans on this EIN

2 filings

#002Retirement-$2.69B assets #001Retirement-$2.36B assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$215.6M

+16.6% from 2022

Total participants

1,380

-3.5% from 2022

Average account balance

$170,829

+17.5% from 2022

Annual return

17.67%

+33.40 pp from 2022

Benchmarks

See 353 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort353 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$243.60M

Not enough data

1 years with asset history on file

Average account balance

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

$200K

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.

1,215

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.

82.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$108,057
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$13,869
INSERO & CO. CPAS, LLP1 year Filed as: INSERO AND COMPANY Service code 10 · EIN 47-5324570	Accounting	$12,100
KILPATRICK TOWNSEND1 year Service code 29 · EIN 58-0511774	Legal	$9,672

Plan features & details

Pension benefit codes2J2K2T2E2F2G2R

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$144K

$111 / participant

Recordkeeping$14K9.6%
Investment mgmt$108K75.1%
Legal$10K6.7%
Other / not subdivided$12K8.5%

% of EOY assets

0.067%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: INSERO & CO. CPAS, LLP
Auditor EIN: 475324570
Audit fees: $12,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,829

$40,278+324.1%

$80,627+111.9%

$80,157+113.1%

Participation rate

90.9%

47.5%+43.3pp

67.0%+23.8pp

72.9%+17.9pp

Annual return

17.67%

50.86%-33.2pp

936.76%-919.1pp

40.39%-22.7pp

Employer contribution / active EE

$3,506

$1,332+163.1%

$2,723+28.8%

$2,977+17.8%

Participant deferral / active EE

$6,717

$2,696+149.2%

$4,443+51.2%

$5,015+33.9%

Admin fee / account holder

$114

$210-45.8%

$5,381-97.9%

$145-21.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.3+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$108,057

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$13,869

INSERO & CO. CPAS, LLP1 year

Filed as: INSERO AND COMPANY

Service code 10 · EIN 47-5324570

Accounting

$12,100

KILPATRICK TOWNSEND1 year

Service code 29 · EIN 58-0511774

Legal

$9,672

FRONTIER COMMUNICATIONS CORPORATE SERVICES INC. SAVINGS AND SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRONTIER COMMUNICATIONS CORPORATE SERVICES INC. SAVINGS AND SECURITY PLAN FOR MID-ATLANTIC ASSOCIATES

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