Virginia › Information › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Savings Plan for Employees of Ntca and Its Members
Sponsored by National Telecommunications Cooperative Association, Arlington, VA
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.
In the plan year ending 31 Dec 2024, Savings Plan for Employees of Ntca and Its Members covered 30,106 participants and held $3.36B in net assets. The plan is a 401(k) plan sponsored by National Telecommunications Cooperative Association of Arlington, Virginia. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $111,491 per participant, well above the $62,774 median for defined contribution plans with 25,000 or more participants and well above the $67,311 median for defined contribution 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.
The employer contributed $76.9M during the year, or $3,259 per active participant against a same-size median of $2,417; participants contributed $110M and $20.8M arrived as rollovers and other contributions. Benefits paid out totalled $235M.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $3.6M: $120 per participant, well above the same-size median of $36.41. Administrative expenses charged to the plan were $3.5M. 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 $1.07B in 2009 to $3.36B in 2024 (up 215%), and participants from 24,190 to 30,106 (up 24%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $111,491 | $62,774 | $67,311 | $53,102 |
| Employer contributions per active participant | $3,259 | $2,417 | $2,928 | $2,175 |
| Schedule C compensation per participant | $120 | $36.41 | $121 | $123 |
| Schedule C compensation, share of net assets | 0.11% | 0.07% | 0.19% | 0.26% |
| Administrative expenses per participant | $117 | $38.81 | $116 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), information (1,830) and all US plans (63,460). 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 | 30,106 | $3.36B | $111,491 | $76.9M | $110M | $3.6M |
| 2023 | 29,592 | $3.00B | $101,304 | $68.8M | $102M | $3.4M |
| 2022 | 28,777 | $2.62B | $91,141 | $65.8M | $99.0M | $2.9M |
| 2021 | 27,907 | $3.12B | $111,664 | $58.0M | $92.3M | $3.1M |
| 2020 | 27,259 | $2.74B | $100,673 | $59.2M | $88.2M | $3.2M |
| 2019 | 26,213 | $2.41B | $92,026 | $50.8M | $81.3M | $3.0M |
| 2018 | 25,517 | $2.00B | $78,536 | $46.8M | $75.5M | $2.6M |
| 2017 | 25,119 | $2.10B | $83,548 | $43.9M | $71.1M | $1.9M |
| 2016 | 24,774 | $1.79B | $72,334 | $41.7M | $67.7M | $1.9M |
| 2015 | 24,671 | $1.68B | $67,939 | $39.9M | $65.5M | $1.9M |
| 2014 | 23,932 | $1.68B | $70,344 | $39.2M | $60.1M | $2.4M |
| 2013 | 23,240 | $1.59B | $68,571 | $42.5M | $60.8M | $2.0M |
| 2012 | 23,022 | $1.36B | $58,864 | $39.7M | $57.0M | $1.9M |
| 2011 | 24,501 | $1.21B | $49,334 | $41.7M | $67.3M | $1.8M |
| 2010 | 24,611 | $1.22B | $49,382 | $40.0M | $62.9M | $2.9M |
| 2009 | 24,190 | $1.07B | $44,075 | $38.7M | $63.4M | $3.4M |
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$2,997,784,898
- Employer contributions$76,857,104
- Participant contributions$109,844,350
- Rollovers and other contributions$20,776,035
- Total contributions$207,477,489
- Total income, including investment results$602,209,630
- Benefits paid$235,345,093
- Administrative expenses$3,523,675
- Total expenses$239,379,977
- Net income$362,829,653
- Net transfers−$4,072,866
- Net assets, end of year$3,356,541,685
Participants
- Active participants23,584
- Retired or separated, receiving benefits368
- Retired or separated, entitled to future benefits6,061
- Participants with account balances23,709
- Total participants, end of year30,106
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Services Management Corporation | Contract Administrator | $2,336,400 | $0 |
| J.P. Morgan Investment Management I | Investment management; Investment advisory (plan) | $647,767 | $0 |
| Groom Law Group | Legal | $249,069 | $0 |
| Telcom Insurance Group | Insurance services | $147,427 | $0 |
| BlackRock Institutional Trust Co. | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | $95,623 | $0 |
| Wilshire Associates | Investment advisory (plan) | $52,740 | $0 |
| Clark Communications | Copying and duplicating | $44,608 | $0 |
| Forvis Mazars, LLP | Accounting (including auditing) | $34,382 | $0 |
| Fidelity | Investment management; Investment advisory (plan); Recordkeeping and information management; Trustee (directed) | $0 | $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
- Contract administrator fees$2,336,400
- Other administrative expenses$679,357
- Legal fees$249,069
- Investment advisory and management fees$187,361
- Other trustee fees and expenses$37,106
- IQPA audit fees$34,382
- Total administrative expenses$3,523,675
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.
- Common/collective trusts$2.24B · 66.7%
- Registered investment companies (mutual funds)$356M · 10.6%
- Corporate stocks$233M · 6.9%
- U.S. Government securities$173M · 5.2%
- Insurance company general account$164M · 4.9%
- Master trust investment accounts$141M · 4.2%
- Participant loans$36.4M · 1.1%
- Cash (interest and non-interest bearing)$7.1M · 0.2%
- Other investments$4.7M · 0.1%
- Receivables$2.1M · 0.1%
- Corporate debt instruments$368K · 0.0%
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 lateYes, $503,735
- Covered by a fidelity bondYes, $1,400,000
- Blackout period during the yearNo
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
2EProfit-sharing plan2CMoney purchase (other than target benefit) plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement3BPlan covering self-employed individuals2TTotal or partial participant-directed account plan with a default investment account3HPlan sponsor(s) is (are) a member(s) of a controlled group2RParticipant-directed brokerage accounts provided as an investment option under the plan
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 National Telecommunications Cooperative Association
| Plan | Participants | Net assets |
|---|---|---|
| Retirement&security Program for Employees of Ntca and Its Members | 15,848 | $2.52B |
Similar plans in Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Tegna 401(k) Savings Plan | Tegna Inc. | 10,063 | $995M | $98,905 |
| Perpetual Capital 401(k) Plan | Perpetual Capital Management Services LLC | 4,483 | $76.7M | $17,116 |
| Cvent, Inc. | Cvent, Inc. | 2,958 | $241M | $81,350 |
| Bloomberg Industry Group, Inc. 401(k) Plan | Bloomberg Industry Group, Inc. | 2,276 | $493M | $216,759 |
| Alarm.com 401(k) Plan | Alarm.com Holdings, Inc. | 2,240 | $199M | $88,637 |
| Intelsat 401(k) Retirement Savings Plan | Intelsat US LLC | 2,198 | $628M | $285,567 |
Defined contribution plans in information closest in size.
Questions and answers
How big is Savings Plan for Employees of Ntca and Its Members?
30,106 participants at the end of the plan year ending 31 Dec 2024, of whom 23,584 were active employees, with net assets of $3,356,541,685. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does National Telecommunications Cooperative Association contribute per participant?
The filing reports $76,857,104 in employer contributions for the year, which is $3,259 per active participant; the median for plans of the same type and size was $2,417 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 $3,608,016 in compensation to service provider organisations, $120 per participant or 0.11% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $3,523,675. 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 National Telecommunications Cooperative Association. Recordkeeping or administration: Services Management Corporation and Fidelity. Investment advisory or management: J.P. Morgan Investment Management I, BlackRock Institutional Trust Co. and Wilshire Associates. Trustee or custodian: BlackRock Institutional Trust Co. and Fidelity. 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 9 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 52-0741336, plan 334, received 9 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.