Ohio › Management of companies (holding companies) › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Cincinnati Bell Management Pension Plan
Sponsored by Cincinnati Bell Inc., Cincinnati, OH
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.
Cincinnati Bell Management Pension Plan is a cash balance pension plan sponsored by Cincinnati Bell Inc. of Cincinnati, Ohio. For the plan year ending 31 Dec 2024 it reported 1,269 participants, 311 of them active, and net assets of $90.6M.
Net assets came to $71,380 per participant, below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $94,230 median for defined benefit plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $1.1M.
Across the filings on record, net assets went from $185M in 2009 to $90.6M in 2024 (down 51%), and participants from 3,361 to 1,269 (down 62%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $71,380 | $87,935 | $94,230 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $14,787 | $10,244 |
| Schedule C compensation per participant | — | $325 | $326 | $344 |
| Schedule C compensation, share of net assets | — | 0.41% | 0.39% | 0.42% |
| Administrative expenses per participant | $863 | $513 | $519 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), management of companies (holding companies) (97) 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 | 1,269 | $90.6M | $71,380 | — | — | $0 |
| 2023 | 1,914 | $123M | $64,335 | — | — | $0 |
| 2022 | 1,648 | $115M | $69,947 | — | — | $0 |
| 2021 | 1,732 | $161M | $92,710 | — | — | $0 |
| 2020 | 1,807 | $164M | $90,838 | — | — | $0 |
| 2019 | 1,896 | $157M | $82,868 | $717K | — | $0 |
| 2018 | 1,980 | $142M | $71,714 | — | — | $0 |
| 2017 | 2,060 | $172M | $83,417 | — | — | $0 |
| 2016 | 2,797 | $164M | $58,494 | — | — | $0 |
| 2015 | 2,890 | $168M | $58,297 | — | — | $0 |
| 2014 | 2,861 | $193M | $67,504 | $597K | — | $0 |
| 2013 | 3,016 | $193M | $63,876 | $6.2M | — | $0 |
| 2012 | 3,056 | $181M | $59,368 | $15.3M | — | $0 |
| 2011 | 3,092 | $162M | $52,401 | — | — | $0 |
| 2010 | 3,200 | $180M | $56,227 | — | — | $0 |
| 2009 | 3,361 | $185M | $55,171 | $39.3M | — | $0 |
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$123,136,975
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$6,215,674
- Benefits paid$37,727,706
- Administrative expenses$1,094,787
- Total expenses$38,822,493
- Net income−$32,606,819
- Net transfers$51,268
- Net assets, end of year$90,581,424
Participants
- Active participants311
- Retired or separated, receiving benefits253
- Retired or separated, entitled to future benefits687
- Total participants, end of year1,269
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
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
- Other administrative expenses$684,558
- Actuarial fees$272,634
- Recordkeeping fees$99,695
- IQPA audit fees$37,900
- Total administrative expenses$1,094,787
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.
- Registered investment companies (mutual funds)$90.1M · 99.5%
- Cash (interest and non-interest bearing)$463K · 0.5%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmClark, Schaefer, Hackett & Co.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
1CCash balance or similar 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 551112: Offices of Other Holding Companies.
Other plans of Cincinnati Bell Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Cincinnati Bell Retirement Savings Plan | 2,941 | $506M |
| Cincinnati Bell Pension Plan | 754 | $112M |
| Cincinnati Bell Inc. Savings and Security Plan | 729 | $110M |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Convergys Corporation Pension Plan | Concentrix CVG Corporation | 3,576 | $115M | $32,133 |
| Cincinnati Bell Pension Plan | Cincinnati Bell Inc. | 754 | $112M | $148,448 |
Defined benefit plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Cincinnati Bell Management Pension Plan?
1,269 participants at the end of the plan year ending 31 Dec 2024, of whom 311 were active employees, with net assets of $90,581,424. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Cincinnati Bell Inc. 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 no provider compensation for the year. Administrative expenses on Schedule H were $1,094,787. 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 Cincinnati Bell Inc.. The financial statements were audited by Clark, Schaefer, Hackett & Co.. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 15 Oct 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 31-1056105, plan 006, received 15 Oct 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.