BrightScope Rating
Company:
Nortel Networks Corporation
Plan:
Nortel Networks Long-Term Investment Plan
Nortel Networks Corporation
82
Plan:
Nortel Networks Long-Term Investment Plan
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (82) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $305,700 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Nortel Networks Long-Term Investment Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 82, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Total Plan Cost, Investment Menu Quality, and Account Balances. Nortel Networks Long-Term Investment Plan currently has over 10,500 active participants and over $1.5B in plan assets.
Plan Details
| Address | 220 Athens Way Ste 300 Nashville, TN 37228 |
| Industry | Communications Equipment Mfg |
| Administrator | Elizabeth Smith |
| Net Plan Assets | $1,550,000,000 |
| Total Participants | 28,000 |
| Avg Account Balance | $55,000 |
Top 3 Investment Holdings
| 1. | Northern Trust S&P 500 Index | 11% |
| 2. | Fidelity Low-Priced Stock | 10% |
| 3. | Northern Trust Russell 1000 Value Index | 7% |
Other Companies in Peer Group
| Rockwell Collins | 80.3 |
| Rockwell Automation | 76.0 |
| American Standard | 75.7 |
| Boston Scientific | 75.6 |
| Magna International | 68.8 |
| General Dynamics | 64.1 |
Plan Service Providers
| Auditor | KPMG |
| Recordkeeper | Hewitt Associates |
| Corporate Trustee | Franklin Templeton Investments Corp |
| Corporate Trustee | Northern Trust |
| Legal Counsel | KPMG |
| Consultant | Pension Benefit Information |
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