New Jersey › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Lucent Technologies Inc. Pension Plan
Sponsored by Nokia of America Corporation, Murray Hill, NJ
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Nokia of America Corporation of Murray Hill, New Jersey sponsors Lucent Technologies Inc. Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 15,169 participants (0 active) and $4.03B in net assets.
Net assets came to $265,724 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $5.4M: $353 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $10.0M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $15.2B in 2009 to $4.03B in 2024 (down 73%), and participants from 116,784 to 15,169 (down 87%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $265,724 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $353 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.13% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $659 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 15,169 | $4.03B | $265,724 | — | — | $5.4M |
| 2023 | 16,320 | $4.25B | $260,132 | — | — | $4.9M |
| 2022 | 17,516 | $4.42B | $252,394 | — | — | $5.9M |
| 2021 | 18,674 | $5.46B | $292,141 | — | — | $6.2M |
| 2020 | 18,857 | $5.64B | $299,218 | — | — | $8.0M |
| 2019 | 19,944 | $5.43B | $272,239 | — | — | $8.2M |
| 2018 | 20,831 | $5.25B | $251,919 | — | — | $7.8M |
| 2017 | 21,858 | $5.73B | $262,068 | — | — | $8.9M |
| 2016 | 22,860 | $5.78B | $253,004 | — | — | $10.0M |
| 2015 | 23,567 | $5.95B | $252,551 | — | — | $17.0M |
| 2014 | 49,079 | $11.3B | $229,849 | — | — | $15.3M |
| 2013 | 50,970 | $11.1B | $217,534 | — | — | $4.6M |
| 2012 | 83,688 | $13.8B | $164,921 | — | — | $10.6M |
| 2011 | 95,512 | $14.1B | $147,158 | — | — | $7.4M |
| 2010 | 108,634 | $14.7B | $135,646 | — | — | $8.0M |
| 2009 | 116,784 | $15.2B | $130,148 | — | — | $8.1M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$4,245,349,000
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$120,221,000
- Benefits paid$324,487,000
- Administrative expenses$9,997,000
- Total expenses$334,484,000
- Net income−$214,263,000
- Net transfers−$316,000
- Net assets, end of year$4,030,770,000
Participants
- Active participants0
- Retired or separated, receiving benefits12,471
- Retired or separated, entitled to future benefits141
- Total participants, end of year15,169
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management | $3,824,094 | $0 |
| Aon Consulting, Inc. | Actuarial; Consulting (pension) | $601,051 | $0 |
| Aetna | Contract Administrator | $314,874 | $0 |
| Deloitte & Touche LLP | Accounting (including auditing) | $256,000 | $0 |
| United Healthcare | Contract Administrator | $207,751 | $0 |
| Merative | Recordkeeping and information management | $120,328 | $0 |
| Universal Mailing Service | Participant communication | $19,359 | $0 |
| Graphic Partners | Participant communication | $9,570 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$3,824,000
- Contract administrator fees$3,195,000
- Other administrative expenses$1,925,000
- Actuarial fees$601,000
- IQPA audit fees$256,000
- Legal fees$116,000
- Salaries and allowances$80,000
- Total administrative expenses$9,997,000
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$3.71B · 92.1%
- Registered investment companies (mutual funds)$318M · 7.9%
- Receivables$870K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $12,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)1ECode section 401(h) arrangement1IFrozen plan3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 334200: Communications Equipment Mfg.
Other plans of Nokia of America Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Nokia Retirement Income Plan | 81,332 | $12.9B |
| Nokia SAVINGS/401(K) Plan | 24,701 | $9.63B |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Cwa/itu Negotiated Pension Plan | Board of Trustees Cwa/itu Negotiated Pension Plan | 21,312 | $1.02B | $48,084 |
| Basf Corporation Salaried Employees' Pension Plan | Basf Corporation | 14,886 | $1.60B | $107,618 |
| BD Retirement Plan | Becton Dickinson and Company | 22,288 | $1.57B | $70,463 |
| Pension Plan for Salaried Employees of Novartis Corporation | Novartis Corporation | 14,555 | $1.77B | $121,666 |
| U. S. Retirement Plan | Mars, Incorporated | 26,885 | $5.09B | $189,155 |
| Consolidated Roche Retirement Plan | Hoffmann-La Roche Inc. | 12,966 | $2.94B | $226,831 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Lucent Technologies Inc. Pension Plan?
15,169 participants at the end of the plan year ending 31 Dec 2024, of whom 0 were active employees, with net assets of $4,030,770,000. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Nokia of America Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $5,353,027 in compensation to service provider organisations, $353 per participant or 0.13% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $9,997,000. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Nokia of America Corporation. Recordkeeping or administration: Alight Solutions LLC, Aetna and United Healthcare. The financial statements were audited by Deloitte & Touche LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 30 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 22-3408857, plan 002, received 30 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.