Plan5500

Adtran, Inc. 401(K) Retirement Plan — Form 5500 plan (Adtran, Inc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Adtran, Inc. 401(K) Retirement Plan is a benefit plan reported by Adtran, Inc under EIN 63-0918200 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,504 participants and $368,591,913 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Adtran, Inc
EIN
63-0918200
Plan number
001
Plan type
2
Location
Huntsville, AL
Latest filing year
2023
Participants
1,504
End-of-year plan assets
$368,591,913

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,504H, C20240812094727NAL0015987632001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$368,591,913
Total liabilities (EOY)
$0
Net assets (EOY)
$368,591,913
Net assets (BOY)
$324,691,232

Income & contributions

Employer contributions
$4,311,190
Participant contributions
$11,144,266
Total contributions
$15,680,963
Total income / additions
$78,459,609

Expenses & distributions

Benefits paid
$34,312,942
Administrative expenses
$245,986
Total expenses
$34,558,928
Net increase / (decrease)
$43,900,681

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Merrill LynchCONSULTANT$100,000not reported in the loaded dataset2023
Strategic Advisors, Inc.ADVISOR$19,459not reported in the loaded dataset2023
Fidelity Investments InstitutionalRECORDKEEPER-$400,248$02023

Related Form 5500 pages