North Carolina › Information › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Time Warner Cable Pension Plan
Sponsored by Charter Communications, Inc., Charlotte, NC
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, Time Warner Cable Pension Plan covered 34,730 participants and held $2.29B in net assets. The plan is a defined benefit pension plan sponsored by Charter Communications, Inc. of Charlotte, North Carolina.
Net assets came to $65,912 per participant, well below the $88,040 median for defined benefit plans with 25,000 or more participants and 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.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $7.5M: $216 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $2.3M. 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 $1.59B in 2009 to $2.29B in 2024 (up 44%), and participants from 57,944 to 34,730 (down 40%).
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 | $65,912 | $88,040 | $76,035 | $86,221 |
| Employer contributions per active participant | — | $6,524 | $7,015 | $10,244 |
| Schedule C compensation per participant | $216 | $143 | $354 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $65.01 | $306 | $671 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 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 | 34,730 | $2.29B | $65,912 | — | — | $7.5M |
| 2023 | 36,544 | $2.52B | $68,904 | — | — | $10.6M |
| 2022 | 38,206 | $2.58B | $67,447 | — | — | $0 |
| 2021 | 39,685 | $3.44B | $86,709 | — | — | $0 |
| 2020 | 41,264 | $3.45B | $83,604 | — | — | $0 |
| 2019 | 45,911 | $3.18B | $69,255 | — | — | $0 |
| 2018 | 52,582 | $2.93B | $55,811 | — | — | $0 |
| 2017 | 56,293 | $3.27B | $58,038 | — | — | $0 |
| 2016 | 61,505 | $2.93B | $47,636 | — | — | $4.4M |
| 2015 | 61,095 | $2.84B | $46,419 | — | — | $0 |
| 2014 | 59,209 | $3.10B | $52,352 | — | — | $0 |
| 2013 | 59,929 | $3.12B | $51,997 | — | — | $0 |
| 2012 | 63,658 | $2.86B | $44,866 | $285M | — | $0 |
| 2011 | 61,216 | $2.29B | $37,372 | $400M | — | $0 |
| 2010 | 59,109 | $1.88B | $31,761 | $100M | — | $0 |
| 2009 | 57,944 | $1.59B | $27,453 | $160M | — | $5.1M |
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$2,518,034,447
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$45,283,420
- Benefits paid$181,354,313
- Administrative expenses$2,257,794
- Total expenses$183,612,107
- Net income−$228,895,527
- Net transfers$0
- Net assets, end of year$2,289,138,920
Participants
- Active participants13,978
- Retired or separated, receiving benefits6,615
- Retired or separated, entitled to future benefits12,991
- Total participants, end of year34,730
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fid Inv Inst Ops Co. | Recordkeeping and information management; Investment management; Trustee (bank, trust company, or similar financial institution) | $4,076,542 | $0 |
| Willis Towers Watson | Actuarial; Consulting (general); Investment management | $2,451,354 | $0 |
| Wellington Management Company | Investment management | $279,693 | $0 |
| Parametric Portfolio Associates LLC | Investment management | $199,106 | $0 |
| Dla Piper LLP US | Legal | $116,794 | $0 |
| BlackRock, Inc. | Investment management | $84,443 | $0 |
| Ir+m Collective Investment | Investment management | $83,958 | $0 |
| State Street Global Advisors | Investment management | $80,000 | $0 |
| The Bank of New York Mellon | Accounting (including auditing) | $79,883 | $0 |
| Armanino LLP | Accounting (including auditing) | $38,850 | $0 |
| KPMG | Consulting (pension) | $15,000 | $0 |
| K&L Gates, LLP | Legal | $3,985 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 smaller rows are not shown. 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
- Investment advisory and management fees$2,124,061
- Trustee and custodial fees$79,883
- IQPA audit fees$38,850
- Other administrative expenses$15,000
- Total administrative expenses$2,257,794
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.
- Insurance company general account$1.36B · 58.9%
- Common/collective trusts$806M · 34.9%
- Other investments$142M · 6.1%
- Receivables$2.0M · 0.1%
- Corporate debt instruments$164K · 0.0%
- 103-12 investment entities$30K · 0.0%
- Cash (interest and non-interest bearing)$23K · 0.0%
- Corporate stocks$228 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmArmanino LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $25,000,000
- 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 related3HPlan 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 515210: Cable & Other Subscription Programming.
Other plans of Charter Communications, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Charter Communications, Inc. 401(k) Savings Plan | 120,688 | $8.95B |
| Charter Communications, Inc. Retirement Accumulation Plan | 105,040 | $1.47B |
Similar plans in North Carolina
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Brightspeed Pension Plan | Connect Holding II LLC d/b/a Brightspeed | 18,444 | $1.69B | $91,676 |
| The Hearst Corporation Retirement Plan | The Hearst Corporation | 15,881 | $2.40B | $150,965 |
| The Hearst Corporation Broadcast Retirement Plan | The Hearst Corporation | 4,738 | $416M | $87,854 |
Defined benefit plans in information closest in size.
Questions and answers
How big is Time Warner Cable Pension Plan?
34,730 participants at the end of the plan year ending 31 Dec 2024, of whom 13,978 were active employees, with net assets of $2,289,138,920. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Charter Communications, 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 $7,509,795 in compensation to service provider organisations, $216 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $2,257,794. 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 Charter Communications, Inc.. Recordkeeping or administration: Fid Inv Inst Ops Co.. Investment advisory or management: Fid Inv Inst Ops Co., Willis Towers Watson and Wellington Management Company. Trustee or custodian: Fid Inv Inst Ops Co.. The financial statements were audited by Armanino 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 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 13 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 84-1496755, plan 001, received 13 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.