LSI CORPORATION has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022: AGERE SYSTEMS PENSION PLAN 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 1,330,649,202 |
Acturial value of plan assets | 2022-12-31 | 1,330,649,202 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 940,150,470 |
Number of terminated vested participants | 2022-12-31 | 861 |
Fundng target for terminated vested participants | 2022-12-31 | 65,698,129 |
Active participant vested funding target | 2022-12-31 | 27,033,129 |
Number of active participants | 2022-12-31 | 153 |
Total funding liabilities for active participants | 2022-12-31 | 27,495,148 |
Total participant count | 2022-12-31 | 5,424 |
Total funding target for all participants | 2022-12-31 | 1,033,343,747 |
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 | 268,901,520 |
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 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 268,901,520 |
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 | 262,824,346 |
Total employer contributions | 2022-12-31 | 0 |
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 | 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 | 979,767 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
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 | 5,424 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 136 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 4,073 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 831 |
Total of all active and inactive participants | 2022-01-01 | 5,040 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 316 |
Total participants | 2022-01-01 | 5,356 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
Measure | Date | Value |
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2022 : AGERE SYSTEMS PENSION PLAN 2022 401k financial data |
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Unrealized appreciation/depreciation of real estate assets | 2022-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-250,017,099 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-250,017,099 |
Total transfer of assets to this plan | 2022-12-31 | $0 |
Total transfer of assets from this plan | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $732,111 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $6,364,048 |
Expenses. Interest paid | 2022-12-31 | $0 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-229,423,255 |
Total loss/gain on sale of assets | 2022-12-31 | $-19,138,823 |
Total of all expenses incurred | 2022-12-31 | $92,959,379 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $88,981,183 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $0 |
Value of total corrective distributions | 2022-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $0 |
Value of total assets at end of year | 2022-12-31 | $1,014,304,362 |
Value of total assets at beginning of year | 2022-12-31 | $1,342,318,933 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $3,978,196 |
Total income from rents | 2022-12-31 | $0 |
Total interest from all sources | 2022-12-31 | $39,582,959 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $149,708 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $152,310 |
Administrative expenses professional fees incurred | 2022-12-31 | $226,755 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $15,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $0 |
Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $20,899,197 |
Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $23,594,983 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2022-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $17,829,440 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $17,735,027 |
Administrative expenses (other) incurred | 2022-12-31 | $1,496,141 |
Liabilities. Value of operating payables at end of year | 2022-12-31 | $732,111 |
Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $6,364,048 |
Total non interest bearing cash at end of year | 2022-12-31 | $60,949 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $39,315 |
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 |
Income. Non cash contributions | 2022-12-31 | $0 |
Value of net income/loss | 2022-12-31 | $-322,382,634 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $1,013,572,251 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,335,954,885 |
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 |
Investment advisory and management fees | 2022-12-31 | $2,255,300 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $5,833,409 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $19,641,078 |
Interest on participant loans | 2022-12-31 | $0 |
Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
Interest earned on other investments | 2022-12-31 | $1,798,027 |
Income. Interest from US Government securities | 2022-12-31 | $2,012,890 |
Income. Interest from corporate debt instruments | 2022-12-31 | $35,771,925 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $117 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $0 |
Asset value of US Government securities at end of year | 2022-12-31 | $177,862,437 |
Asset value of US Government securities at beginning of year | 2022-12-31 | $209,189,051 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $0 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $0 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $0 |
Net gain/loss from 103.12 investment entities | 2022-12-31 | $0 |
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 |
Contributions received in cash from employer | 2022-12-31 | $0 |
Income. Dividends from preferred stock | 2022-12-31 | $0 |
Income. Dividends from common stock | 2022-12-31 | $-2,602 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $88,981,183 |
Asset. Corporate debt instrument preferred debt at end of year | 2022-12-31 | $82,542,123 |
Asset. Corporate debt instrument preferred debt at beginning of year | 2022-12-31 | $107,238,113 |
Asset. Corporate debt instrument debt (other) at end of year | 2022-12-31 | $709,238,481 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2022-12-31 | $964,831,105 |
Assets. Corporate common stocks other than exployer securities at end of year | 2022-12-31 | $38,326 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-12-31 | $50,261 |
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 | No |
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 |
Aggregate proceeds on sale of assets | 2022-12-31 | $247,803,607 |
Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $266,942,430 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | MOSS ADAMS LLP |
Accountancy firm EIN | 2022-12-31 | 910189318 |