Ribbon Communications Operating 401(k) match, vesting and fees
What Ribbon Communications Operating's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Turner, Stone & Company, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 235 defined-contribution plans in information with 1,000 to 4,999 participants.
| Ribbon Communications Operating: employer contribution per participant | $1,190 | |
| Peer median | $2,212 |
| Ribbon Communications Operating: average balance | $258,488 | |
| Peer median | $99,173 |
| Ribbon Communications Operating: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.09% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $360M at the end of plan year 2021 to $340M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,382 | $340M | $1.6M | $1,190 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 1,393 | $313M | $1.6M | $1,226 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 1,512 | $287M | $1.8M | $1,254 | 0.17% | Not published | Form 5500 ↗ |
| 2021 | 1,592 | $360M | $2M | $1,322 | 0.13% | Not published | Form 5500 ↗ |
Common questions
Does Ribbon Communications Operating match 401(k) contributions?
The match terms for the Ribbon Communications 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $1.6M in employer contributions, about $1,190 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Ribbon Communications Operating 401(k) match vested?
The vesting schedule for the Ribbon Communications 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ribbon Communications Operating 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Ribbon Communications Operating Company, Inc..
I left Ribbon Communications Operating. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ribbon Communications Operating Company, Inc., (972) 521-5981) or the recordkeeper, Empower Annuity Insurance Company. The Ribbon Communications Operating old 401(k) page lists the contacts from every plan filing. Find an old Ribbon Communications Operating 401(k)
Data from the public Form 5500 annual reports Ribbon Communications Operating filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ribbon Communications Operating. Not financial advice. Report a correction · Methodology