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Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
AT&T Puerto Rico Pension Benefit Plan
Sponsored by AT&T Inc., Dallas, TX
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.
AT&T Puerto Rico Pension Benefit Plan is a cash balance pension plan sponsored by AT&T Inc. of Dallas, Texas. For the plan year ending 31 Dec 2024 it reported 553 participants, 21 of them active, and net assets of $20.7M.
Net assets came to $37,376 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $76,035 median for defined benefit plans in information. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $2.9M for the year ($137,238 per active participant) and benefits paid were $2.2M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
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 $0.
Across the filings on record, net assets went from $17.1M in 2009 to $20.7M in 2024 (up 21%), and participants from 1,001 to 553 (down 45%).
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 | $37,376 | $86,583 | $76,035 | $86,221 |
| Employer contributions per active participant | $137,238 | $10,758 | $7,015 | $10,244 |
| Schedule C compensation per participant | — | $377 | $354 | $344 |
| Schedule C compensation, share of net assets | — | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | — | $591 | $671 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), information (147) 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 | 553 | $20.7M | $37,376 | $2.9M | — | $0 |
| 2023 | 653 | $20.4M | $31,201 | $2.5M | — | $0 |
| 2022 | 691 | $20.4M | $29,486 | — | — | $0 |
| 2021 | 772 | $29.9M | $38,778 | — | — | $0 |
| 2020 | 993 | $38.3M | $38,593 | — | — | $0 |
| 2019 | 1,104 | $35.1M | $31,787 | $2.2M | — | $0 |
| 2018 | 1,159 | $29.8M | $25,714 | $2.1M | — | $0 |
| 2017 | 1,205 | $30.5M | $25,339 | $3.5M | — | $0 |
| 2016 | 1,244 | $25.5M | $20,471 | $683K | — | $0 |
| 2015 | 1,293 | $24.7M | $19,125 | — | — | $0 |
| 2014 | 1,332 | $25.9M | $19,421 | $624K | — | $0 |
| 2013 | 1,404 | $24.7M | $17,567 | $1.3M | — | $0 |
| 2012 | 1,387 | $21.8M | $15,685 | — | — | $0 |
| 2011 | 1,514 | $21.0M | $13,859 | $3.0M | — | $0 |
| 2010 | 1,145 | $18.6M | $16,216 | $144K | — | $0 |
| 2009 | 1,001 | $17.1M | $17,067 | — | — | $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$20,374,000
- Employer contributions$2,882,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,882,000
- Total income, including investment results$2,506,000
- Benefits paid$2,211,000
- Administrative expenses$0
- Total expenses$2,211,000
- Net income$295,000
- Net transfers$0
- Net assets, end of year$20,669,000
Participants
- Active participants21
- Retired or separated, receiving benefits68
- Retired or separated, entitled to future benefits455
- Total participants, end of year553
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.
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$17.8M · 86.1%
- Receivables$2.9M · 13.9%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmForvis Mazars, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
1ABenefits are primarily pay related1CCash balance or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 517000: Telecommunications (including paging, cellular, satellite, cable & other program distribution, resellers, other telecommunications, & internet service providers).
Other plans of AT&T Inc.
| Plan | Participants | Net assets |
|---|---|---|
| AT&T Pension Benefit Plan | 274,710 | $28.3B |
| AT&T Retirement Savings Plan | 192,505 | $43.1B |
| AT&T Savings and Security Plan | 27,558 | $2.26B |
| AT&T Puerto Rico Retirement Savings Plan | 915 | $99.9M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Dallasnews Corporation Pension Plan II | Dallasnews Corporation | 580 | $69.1M | $119,121 |
| Valley Telephone Cooperative, Inc. Defined Benefit Plan | Valley Telephone Cooperative, Inc. | 151 | $17.9M | $118,375 |
| Dallasnews Corporation Pension Plan I | Dallasnews Corporation | 678 | $69.9M | $103,050 |
| Guadalupe Valley Telephone Cooperative, Inc. Retirement and Security Program | Guadalupe Valley Telephone Cooperative, Inc. | 140 | $78.9M | $563,855 |
| Ericsson US Pension Plan | Ericsson Inc. | 2,880 | $472M | $163,889 |
| Consolidated Communications Retirement Plan | Consolidated Communications, Inc. | 3,132 | $417M | $133,296 |
Defined benefit plans in information closest in size.
Questions and answers
How big is AT&T Puerto Rico Pension Benefit Plan?
553 participants at the end of the plan year ending 31 Dec 2024, of whom 21 were active employees, with net assets of $20,669,000. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does AT&T Inc. contribute per participant?
The filing reports $2,882,000 in employer contributions for the year, which is $137,238 per active participant; the median for plans of the same type and size was $10,758 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
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 $0. 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 AT&T Inc.. The financial statements were audited by Forvis Mazars, 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 8 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 43-1301883, plan 007, received 8 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.