FRONTIER COMMUNICATIONS PARENT, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FRONTIER COMMUNICATIONS PENSION PLAN
Measure | Date | Value |
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2022: FRONTIER COMMUNICATIONS PENSION PLAN 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 2,738,216,046 |
Acturial value of plan assets | 2022-12-31 | 2,612,698,969 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 798,406,745 |
Number of terminated vested participants | 2022-12-31 | 5,878 |
Fundng target for terminated vested participants | 2022-12-31 | 276,169,985 |
Active participant vested funding target | 2022-12-31 | 1,447,510,741 |
Number of active participants | 2022-12-31 | 10,653 |
Total funding liabilities for active participants | 2022-12-31 | 1,781,300,344 |
Total participant count | 2022-12-31 | 22,768 |
Total funding target for all participants | 2022-12-31 | 2,855,877,074 |
Funding target disregarding prescribed at-risk assumptions | 2022-12-31 | 2,776,667,839 |
Funding target reflecting at-risk assumptions but disregarding transition rule for plant that have been at-risk status for fewer than five consecutive years and disregarding loading factor | 2022-12-31 | 3,172,714,012 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 50,617,060 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 50,617,060 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 0 |
Present value of excess contributions | 2022-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
Total employer contributions | 2022-12-31 | 139,366,907 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 134,194,757 |
Liquidity shortfalls end of Q1 | 2022-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2022-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2022-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2022-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 87,576,234 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 134,190,732 |
Waiver amortization installment | 2022-12-31 | 108,987,373 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 134,194,757 |
Additional cash requirement | 2022-12-31 | 134,194,757 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 134,194,757 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 22,674 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 9,659 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 5,325 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 5,695 |
Total of all active and inactive participants | 2022-01-01 | 20,679 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 767 |
Total participants | 2022-01-01 | 21,446 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 1 |
2021: FRONTIER COMMUNICATIONS PENSION PLAN 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 2,506,136,608 |
Acturial value of plan assets | 2021-12-31 | 2,255,522,947 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 774,537,355 |
Number of terminated vested participants | 2021-12-31 | 5,883 |
Fundng target for terminated vested participants | 2021-12-31 | 268,735,637 |
Active participant vested funding target | 2021-12-31 | 1,501,754,633 |
Number of active participants | 2021-12-31 | 11,190 |
Total funding liabilities for active participants | 2021-12-31 | 1,823,265,257 |
Total participant count | 2021-12-31 | 22,976 |
Total funding target for all participants | 2021-12-31 | 2,866,538,249 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 46,530,878 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 46,530,878 |
Present value of excess contributions | 2021-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 2,927,545 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 50,617,060 |
Total employer contributions | 2021-12-31 | 128,317,120 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 120,935,855 |
Liquidity shortfalls end of Q1 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2021-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2021-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 90,593,204 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 528,415,363 |
Waiver amortization installment | 2021-12-31 | 133,216,999 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 171,552,915 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 50,617,060 |
Additional cash requirement | 2021-12-31 | 120,935,855 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 120,935,855 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 22,881 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 10,653 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 5,454 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 5,700 |
Total of all active and inactive participants | 2021-01-01 | 21,807 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 867 |
Total participants | 2021-01-01 | 22,674 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 7 |
Measure | Date | Value |
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2022 : FRONTIER COMMUNICATIONS PENSION PLAN 2022 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-928,574,285 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-928,574,285 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $41,540,585 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $70,397,916 |
Total income from all sources (including contributions) | 2022-12-31 | $-356,987,593 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $299,894,994 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $275,183,457 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $139,366,907 |
Value of total assets at end of year | 2022-12-31 | $2,123,141,183 |
Value of total assets at beginning of year | 2022-12-31 | $2,808,881,101 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $24,711,537 |
Total interest from all sources | 2022-12-31 | $18,716,518 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $23,875,457 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Administrative expenses professional fees incurred | 2022-12-31 | $1,538,401 |
Assets. Corporate prefeered stocks other than exployer securities at end of year | 2022-12-31 | $120,576 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2022-12-31 | $389,039 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $63,572,891 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $38,457,540 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $41,540,585 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $70,397,916 |
Other income not declared elsewhere | 2022-12-31 | $428,893 |
Administrative expenses (other) incurred | 2022-12-31 | $15,624,324 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-656,882,587 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $2,081,600,598 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,738,483,185 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Assets. partnership/joint venture interests at end of year | 2022-12-31 | $156,007,717 |
Assets. partnership/joint venture interests at beginning of year | 2022-12-31 | $165,162,909 |
Investment advisory and management fees | 2022-12-31 | $3,411,204 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $48,148,977 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $200,291,830 |
Interest earned on other investments | 2022-12-31 | $392,238 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $1,252,282,493 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $1,196,691,481 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $67,227,305 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $38,542,752 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $38,542,752 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $18,324,280 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $186,387 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $215,898 |
Asset value of US Government securities at end of year | 2022-12-31 | $61,850,330 |
Asset value of US Government securities at beginning of year | 2022-12-31 | $61,802,308 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-32,382,500 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $421,581,417 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Assets. Invements in employer securities at end of year | 2022-12-31 | $0 |
Assets. Invements in employer securities at beginning of year | 2022-12-31 | $0 |
Assets. Value of employer real property at end of year | 2022-12-31 | $0 |
Assets. Value of employer real property at beginning of year | 2022-12-31 | $0 |
Contributions received in cash from employer | 2022-12-31 | $139,366,907 |
Employer contributions (assets) at end of year | 2022-12-31 | $49,303,243 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $85,919,246 |
Income. Dividends from preferred stock | 2022-12-31 | $19,650 |
Income. Dividends from common stock | 2022-12-31 | $23,855,807 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $275,183,457 |
Asset. Corporate debt instrument debt (other) at end of year | 2022-12-31 | $288,703,547 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2022-12-31 | $525,639,454 |
Contract administrator fees | 2022-12-31 | $4,137,608 |
Assets. Corporate common stocks other than exployer securities at end of year | 2022-12-31 | $135,737,717 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-12-31 | $495,768,644 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | Yes |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | INSERO & CO. CPAS, LLP |
Accountancy firm EIN | 2022-12-31 | 475324570 |
2021 : FRONTIER COMMUNICATIONS PENSION PLAN 2021 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $48,186,287 |
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $48,186,287 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $70,397,916 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $62,290,677 |
Total income from all sources (including contributions) | 2021-12-31 | $380,979,762 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $146,543,266 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $117,922,605 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $128,317,120 |
Value of total assets at end of year | 2021-12-31 | $2,808,881,101 |
Value of total assets at beginning of year | 2021-12-31 | $2,566,337,366 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $28,620,661 |
Total interest from all sources | 2021-12-31 | $20,489,139 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $35,662,777 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Administrative expenses professional fees incurred | 2021-12-31 | $1,587,051 |
Assets. Corporate prefeered stocks other than exployer securities at end of year | 2021-12-31 | $389,039 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2021-12-31 | $2,567,027 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $38,457,540 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $32,799,969 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $70,397,916 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $62,290,677 |
Other income not declared elsewhere | 2021-12-31 | $275,336 |
Administrative expenses (other) incurred | 2021-12-31 | $15,332,893 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $234,436,496 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $2,738,483,185 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $2,504,046,689 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Assets. partnership/joint venture interests at end of year | 2021-12-31 | $165,162,909 |
Assets. partnership/joint venture interests at beginning of year | 2021-12-31 | $166,466,179 |
Investment advisory and management fees | 2021-12-31 | $7,934,780 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $200,291,830 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $172,748,917 |
Interest earned on other investments | 2021-12-31 | $411,905 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $1,196,691,481 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $1,073,042,286 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $38,542,752 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $55,209,284 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $55,209,284 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $20,077,234 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $215,898 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $247,960 |
Asset value of US Government securities at end of year | 2021-12-31 | $61,802,308 |
Asset value of US Government securities at beginning of year | 2021-12-31 | $47,760,178 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $94,516,293 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $53,532,810 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Assets. Invements in employer securities at end of year | 2021-12-31 | $0 |
Assets. Invements in employer securities at beginning of year | 2021-12-31 | $0 |
Assets. Value of employer real property at end of year | 2021-12-31 | $0 |
Assets. Value of employer real property at beginning of year | 2021-12-31 | $0 |
Contributions received in cash from employer | 2021-12-31 | $128,317,120 |
Employer contributions (assets) at end of year | 2021-12-31 | $85,919,246 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $0 |
Income. Dividends from preferred stock | 2021-12-31 | $71,806 |
Income. Dividends from common stock | 2021-12-31 | $35,590,971 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $117,922,605 |
Asset. Corporate debt instrument debt (other) at end of year | 2021-12-31 | $525,639,454 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2021-12-31 | $505,619,512 |
Contract administrator fees | 2021-12-31 | $3,765,937 |
Assets. Corporate common stocks other than exployer securities at end of year | 2021-12-31 | $495,768,644 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2021-12-31 | $509,876,054 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | Yes |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | INSERO & CO. CPAS, LLP |
Accountancy firm EIN | 2021-12-31 | 475324570 |