401k Record

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Sonus 401(k)

Recordkeeping fees per participant · Ribbon Communications 401(k) Profit Sharing Plan · plan year 2024

$68.20

Higher than 75% of the 1,697 plans $250M to 1B that report it.

Source

= $89,754 / 1,316
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014081144NAL0005046114001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081144NAL0005046114001, received 2025-10-14

10th: $11.56median $49.9890th: $89.63

Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.

Cost and contributions

Administrative expenses excluding investment management, per participant

$163.49

10th: $18.52median $67.2190th: $147.71

Higher than 92% of the 2,324 plans $250M to 1B that report it.

Source

= $215,148 / 1,316
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014081144NAL0005046114001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081144NAL0005046114001, received 2025-10-14

Administrative expenses per participant

$287.42

10th: $27.95median $88.2590th: $203.68

Higher than 96% of the 2,405 plans $250M to 1B that report it.

Source

= $378,246 / 1,316
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014081144NAL0005046114001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081144NAL0005046114001, received 2025-10-14

Administrative expenses as a share of assets

0.111%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 71% of the 2,407 plans $250M to 1B that report it.

Source

= $378,246 / $340,170,535
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014081144NAL0005046114001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014081144NAL0005046114001, received 2025-10-14

Employer contributions per participant

$1,190

10th: $1,169median $3,07390th: $8,346

Higher than 10% of the 2,457 plans $250M to 1B that report it.

Source

= $1,565,856 / 1,316
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014081144NAL0005046114001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081144NAL0005046114001, received 2025-10-14

Employer share of total contributions

13.6%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 6% of the 2,459 plans $250M to 1B that report it.

Source

= $1,565,856 / $11,550,004
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014081144NAL0005046114001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014081144NAL0005046114001, received 2025-10-14

Plan terms, as stated in Sonus, Inc.'s SEC filings

Plan terms are described in Sonus, Inc.'s SEC filings: Form 10-K filed 2017-02-27. No term could be quoted from them with the required precision.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014081144NAL0005046114001, received 2025-10-14

Full record, Ribbon Communications 401(k) Profit Sharing Plan

FieldValueSource
Plan sponsorRIBBON COMMUNICATIONS OPERATING COMPANY, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014081144NAL0005046114001, received 2025-10-14
Plan nameRIBBON COMMUNICATIONS 401(K) PROFIT SHARING PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251014081144NAL0005046114001, received 2025-10-14
Sponsor EIN / plan number04-3387074 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014081144NAL0005046114001, received 2025-10-14
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014081144NAL0005046114001, received 2025-10-14
Sponsor locationPLANO, TXForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014081144NAL0005046114001, received 2025-10-14
Industry (business code)517000, InformationForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014081144NAL0005046114001, received 2025-10-14
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014081144NAL0005046114001, received 2025-10-14
Filing received2025-10-14Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014081144NAL0005046114001, received 2025-10-14
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014081144NAL0005046114001, received 2025-10-14
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251014081144NAL0005046114001, received 2025-10-14
Participants, beginning of year1,393Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014081144NAL0005046114001, received 2025-10-14
Active participants689Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014081144NAL0005046114001, received 2025-10-14
Participants, end of year1,382Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014081144NAL0005046114001, received 2025-10-14
Participants with an account balance1,316Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081144NAL0005046114001, received 2025-10-14
Total assets, beginning of year$313,130,979Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014081144NAL0005046114001, received 2025-10-14
Total assets, end of year$340,170,535Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014081144NAL0005046114001, received 2025-10-14
Net assets, end of year$340,170,535Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014081144NAL0005046114001, received 2025-10-14
Total income$60,987,481Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014081144NAL0005046114001, received 2025-10-14
Net income$27,039,556Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014081144NAL0005046114001, received 2025-10-14
Employer contributions$1,565,856Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014081144NAL0005046114001, received 2025-10-14
Participant contributions$9,127,808Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014081144NAL0005046114001, received 2025-10-14
Other contributions (incl. rollovers)$856,340Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014081144NAL0005046114001, received 2025-10-14
Total contributions$11,550,004Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014081144NAL0005046114001, received 2025-10-14
Benefit payments$33,551,597Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014081144NAL0005046114001, received 2025-10-14
Total expenses (incl. benefit payments)$33,947,925Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014081144NAL0005046114001, received 2025-10-14
Total administrative expenses$378,246Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014081144NAL0005046114001, received 2025-10-14
Contract administrator fees$27,116Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251014081144NAL0005046114001, received 2025-10-14
Recordkeeping fees$89,754Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014081144NAL0005046114001, received 2025-10-14
Investment advisory and management fees$163,098Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251014081144NAL0005046114001, received 2025-10-14
Administrative expenses excluding investment management$215,148derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014081144NAL0005046114001, received 2025-10-14
Held in mutual funds$251,715,287Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014081144NAL0005046114001, received 2025-10-14
Independent auditorTURNER, STONE & COMPANY, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014081144NAL0005046114001, received 2025-10-14

Position = column in the DOL layout for form year 2024. Filing 20251014081144NAL0005046114001, received 2025-10-14.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
MORGAN STANLEYINVESTMENT ADVISOR 27 Investment advisory (plan) $131,098no
EMPOWER ANNUITY INSURANCE COMPANYrecordkeeperRECORDKEEPER 13 Contract administrator; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees; 37 Participant loan processing; 65 Account maintenance fees $116,870yes
TURNER, STONER & COMPANY, LLPINVESTMENT ADVISOR 27 Investment advisory (plan) $32,000no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014081144NAL0005046114001, received 2025-10-14.

What changed since the 2023 plan year

Figure20232024Change
Total assets$313,130,979$340,170,5358.6%
Participants with a balance1,3411,316-1.9%
Administrative expenses$396,615$378,246-4.6%
Recordkeeping fees per participantnot reported$68.20
Employer contributions$1,643,878$1,565,856-4.7%

Prior filing 20241010085937NAL0009837587001, received 2024-10-10; the plan years are contiguous.

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Sponsor name as filed: RIBBON COMMUNICATIONS OPERATING COMPANY, INC.; SEC registrant: Sonus, Inc. (CIK 1105472, matched by EIN).