BrightScope Rating
Company:
LM Ericsson Telephone Company
Plan:
Ericsson Capital Accumulation and Savings Plan
LM Ericsson Telephone Company
79
Plan:
17
63
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (79) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $367,500 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
Ericsson Capital Accumulation and Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 79, 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, Participation Rate, and Account Balances. Ericsson Capital Accumulation and Savings Plan currently has over 3,900 active participants and over $572.6M in plan assets.
Plan Details
| Address | 6300 Legacy Drive Plano, TX 75024 |
| Industry | Telecommunications |
| Administrator | Paul M. Miesse, Jr. |
| Net Plan Assets | $573,000,000 |
| Total Participants | 11,000 |
| Avg Account Balance | $54,000 |
Top 3 Investment Holdings
| 1. | JPMorgan Stable Value Fund | 15% |
| 2. | SSgA S&P 500 Index | 12% |
| 3. | American Funds EuroPacific Growth | 11% |
Other Companies in Peer Group
| Metavante Technologies | 78.0 |
| Windstream | 68.5 |
| Citizens Communications Company | 66.9 |
| The McClatchy Company | 65.5 |
| News Corporation | 61.4 |
| ABC | 53.3 |
Plan Service Providers
| Auditor | BDO Seidman |
| Investment Adviser | Financial Engines |
| Recordkeeper | JPMorgan |
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