Plan Snapshot
- Plan Sponsor: Ericsson INC.
- Sponsor EIN: 061119960
- Sponsor Address: 6300 LEGACY DRIVE, PLANO, TX, 75024
- Plan Type: 401(k)
- Total Participants: 4,401
- Total Assets: $3.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,401 | $3.8B | $45.4M | $71.4M |
| 2023 | 5,089 | $3.5B | $51.7M | $79.3M |
| 2022 | 6,451 | $3.2B | $53.4M | $78.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | $2,126,913 | — | $2,126,913 |
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $907,999 | — | $907,999 |
| JENNISON ASSOCIATES | NONE | $789,703 | — | $789,703 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | NONE | $290,000 | — | $290,000 |
| WILLIS TOWERS WATSON US LLC | NONE | $174,114 | — | $174,114 |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | $36,265 | — | $36,265 |
| STIFEL, NICOLAUS & COMPANY, INC. | NONE | $35,106 | — | $35,106 |
| EMPOWER TRUST COMPANY, LLC | NONE | $6,020 | — | $6,020 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STIFEL, NICOLAUS & COMPANY, INC. — NONE
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,366,120
- Estimated Expense Ratio: 0.116% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,385,949 | $3,253,668 | — | — | — |
| 2023 | $4,764,851 | $3,391,586 | — | — | — |
| 2022 | $5,635,835 | $3,672,303 | — | — | $231,219 |