Frontier Communications Parent, Inc. 401(k) Review & Grade
Frontier Communications 401(k) Savings Plan
Norwalk, CTAdministrative, Support & Staffing Services12,070 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,726Employer $ per active participant
$7,576Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$214,134Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 66th |
| Employee saving | 100th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Frontier Communications Parent put in about $2,726 per active participant, more than the typical peer ($271). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $32,908,289 |
| Participant (employee) contributions | $91,440,622 |
| Other contributions (incl. rollovers in) | $41,182,904 |
| Administrative expenses paid from the plan | $1,608,697 |
| Contract administrator fees | $10,629 |
| Investment advisory & management fees | $1,054,980 |
| Benefits paid out | $296,500,953 |
| Net assets, start / end of year | $2.7B / $2.9B |
| Active participants, start / end of year | 12,125 / 12,015 |
| Participants with account balances | 13,668 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Insero & Co. Cpas, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $894,980 reported compensation |
| Fidelity Investments Institutional | $465,203 reported compensation |
| Nepc, LLC | $160,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814093225NAL0011704224001, received 2025-08-14, EIN 86-2359749, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.