Plan Snapshot
- Plan Sponsor: Ribbon Communications Operating Company, INC.
- Sponsor EIN: 043387074
- Sponsor Address: 6500 CHASE OAKS BLVD. SUITE 100, PLANO, TX, 75023
- Plan Type: 401(k)
- Total Participants: 689
- Total Assets: $340.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 689 | $340.2M | $1.6M | $9.1M |
| 2023 | 683 | $313.1M | $1.6M | $9.5M |
| 2022 | 747 | $287.0M | $1.8M | $10.0M |
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 |
|---|---|---|---|---|
| TURNER, STONE & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TURNER, STONE & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $378,246 | $163,098 | $27,116 | — | — |
| 2023 | $396,615 | $118,003 | $248,787 | $28,600 | — |
| 2022 | $548,531 | — | — | — | — |