Plan Ledger DOL Form 5500 · updated monthly

Bellsouth, LLC401(k) + ESOP (KSOP)

BELLSOUTH SAVINGS AND SECURITY PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Bellsouth, LLC reported $1,219,000 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $1,222 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.054% to 0.050%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other information & media employers. By assets it is the 56th-largest of 5,688 plans among Texas employers on file, and the 28th of 2,199 in information & media. In 2024, employees put in $3.89 for every $1.00 the employer contributed; active participation has shrunk from 12,776 to 11,259 since 2022.

Plan summary
Net assets, end of year$2,527,214,000
Participants with balances11,243
Active participants11,259
Employer contributions$13,764,000
Employee contributions$53,520,000
Employer contribution per active participant$1,222
Average account balance$224,781
Benefits paid to participants$236,585,000
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.5B · 11,243 accts · $13.8M emplr
2023$2.3B · 11,911 accts · $14.5M emplr
2022$2.1B · 12,631 accts · $15.9M emplr
Administrative expenses, itemized · 2024
Investment management$1,099,000
Trustee / custodial$65,000
Total administrative$1,219,000
The Bellsouth, LLC 401(k) match · 2024
Employer contribution per active participant$1,222
Median for plans this size$5,259
2024$1,222 per active participant
2023$1,206 per active participant
2022$1,246 per active participant

Bellsouth, LLC's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202412
FINANCIAL ENGINES, INC. · Investment advisory (plan)$417,000
BLACKROCK FINANCIAL MANAGEMENT INC. · Trustee · Trustee (discretionary)$371,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$162,000
AT&T INC. · Plan administrator$92,000
THE BANK OF NEW YORK MELLON · Trustee$65,000
NEWPORT TRUST COMPANY · Investment management · Named fiduciary$24,000
NORTHERN TRUST COMPANY · Investment management$19,000
CEM BENCHMARKING · Consulting$18,000
PWC US TAX LLP · Consulting$16,000
FLEISHMAN HILLARD INC · Participant communication$11,000
AT&T SERVICES · Plan administrator$10,000
OPTAVISE LLC · Consulting$8,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,219,000 · 0.05%
2023$1,218,000 · 0.05%
2022$1,285,000 · 0.05%
Same employer
Similar plansInformation & Media · Texas
AT&T Inc. TX$43.1B · 0.04%
Ericsson Inc. TX$3.8B · 0.12%
Nexstar Media Group, Inc. TX$2.0B · 0.02%
Vericast Corp. TX$1.1B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581533433 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.