Liabilities / Assets
21st percentile
Higher debt load relative to assets than 21% of similar nonprofits.
EIN 20-6673883 • 501(c)9 • Murray Hill, NJ
Profile
The plan provides benefit payments directly to the retiree health plans or, where medical benefits are advanced by nokia of america corporation ("noac") (formerly alcatel-lucent usa inc.), reimbursement to noac for a portion of the participants' medical/dental expenses.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
21st percentile
Higher debt load relative to assets than 21% of similar nonprofits.
Liabilities / Revenue
43rd percentile
Higher debt load relative to revenue than 43% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 7.3% of source-year revenue.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
84th percentile
Faster revenue growth than 84% of similar nonprofits.
Assets
Down$172,253,223
Down $17,322,391 (-9.1%) from 2023
Liabilities
Down$79,793
Down $742 (-0.9%) from 2023
Net Assets
Down$172,173,430
Down $17,321,649 (-9.1%) from 2023
Revenue
Up$3,562,263
Up $655,851 (+23%) from 2023
Expenses
Up$25,479,227
Up $19,023,454 (+295%) from 2023
Net Income
Down-$21,916,964
Down $18,367,603 (-517%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The plan provides benefit payments directly to the retiree health plans or, where medical benefits are advanced by alcatel-lucent usa inc., reimbursement to alcatel-lucent usa inc., for a portion of the participants' medical and or dental expenses.
Provide medical and dental benefits.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $106,989,460 | $85,755,205 | ▼ $21,234,255 |
| Investments in Publicly Traded Securities | $82,026,761 | $85,702,046 | ▲ $3,675,285 |
| Total Assets | $189,575,614 | $172,253,223 | ▼ $17,322,391 |
| Other Assets Total | $559,393 | $795,972 | ▲ $236,579 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $80,535 | $79,793 | ▼ $742 |
| Total Liabilities | $80,535 | $79,793 | ▼ $742 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $189,495,079 | $172,173,430 | ▼ $17,321,649 |
| Total Net Assets Fund Balance | $189,495,079 | $172,173,430 | ▼ $17,321,649 |
| Total Liabilities and Net Assets / Fund Balance | $189,575,614 | $172,253,223 | ▼ $17,322,391 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $8,510,767 | - | - |
| Name | Title |
|---|---|
| Brian R Sawyer | Trustee |
| Jon Scott Zillig | Trustee |
| Arto Sirvio | Trustee (eff 09/2024) |
| Diana Wu | Trustee (eff 09/2024) |
| Drew Obrein | Trustee (thru 09/2024) |
| Joseph Abramczyk | Trustee (thru 09/2024) |
| Shannon Matarazzo | Trustee (thru 09/2024) |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Payden And Rygel | Investment Management | 333 SOUTH GRAND AVENUE 39TH FLOOR, Los Angeles, CA 90071 | $114,180 |
| Line Item | Amount |
|---|---|
| Other Expenses | $299,199 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $25,180,028 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $253,842 |
| Fees for Services Accounting | - | - | - | $8,565 |
| Other Expenses | - | - | - | $7,889 |
| Insurance | - | - | - | $7,084 |
| Fees for Services Legal | - | - | - | $6,819 |
| Total Functional Expenses | $0 | $0 | $0 | $25,479,227 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $25,479,227 |
| Total Expenses per Audited Statements | $25,479,227 |
| Total Expenses per Form 990 | $25,479,227 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“No committees have the authority to act on behalf of the board of trustees.”
“Form 990 is prepared by the plan's auditors and reviewed for accuracy and completeness by the plan's administrative service provider, nokia investment management corporation, formerly alcatel-lucent investment management corporation, in advance of review and approval (prior to filing) by the board of trustees.”
“The documents are made available upon request.”
“The plan follows the authoritative guidance relating to accounting for uncertainty in income taxes included in accounting standards codification (asc) topic income taxes. These provisions provide consistent guidance for the accounting of uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in the tax return. The plan performed an evaluation of uncertain tax positions for the years ended december 31, 2024 and 2023, and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax exempt status. As of december 31, 2024, the statute of limitations for tax years 2021 through 2023 remains open with the u.s. Federal jurisdiction in which the plan files its return. It is the plan's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in unrelated business income tax expense.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/ActivityOrMissionDesc | 0 | PROVIDE MEDICAL AND DENTAL BENEFITS. |
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| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MURRAY HILL |
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| IRS990/Desc | 0 | PROVIDED MEDICAL AND DENTAL BENEFITS FOR RETIREES COVERED UNDER COLLECTIVE BARGAINING AGREEMENT BETWEEN NOKIA OF AMERICA CORPORATION ("NOAC") (FORMERLY ALCATEL-LUCENT USA INC.), COMMUNICATIONS WORKERS OF AMERICA, AND INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS. |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6819 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 253842 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 59812 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE (THRU 09/2024) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE (THRU 09/2024) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE (EFF 09/2024) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE (EFF 09/2024) |
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| IRS990/GamingActivitiesInd | 0 | 0 |
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| IRS990/GrossReceiptsAmt | 0 | 54293545 |
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| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
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| IRS990/IndoorTanningServicesInd | 0 | 0 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 3319517 |
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| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 85755205 |
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| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 85702046 |
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| IRS990/MissionDesc | 0 | THE PLAN PROVIDES BENEFIT PAYMENTS DIRECTLY TO THE RETIREE HEALTH PLANS OR, WHERE MEDICAL BENEFITS ARE ADVANCED BY NOKIA OF AMERICA CORPORATION ("NOAC") (FORMERLY ALCATEL-LUCENT USA INC.), REIMBURSEMENT TO NOAC FOR A PORTION OF THE PARTICIPANTS' MEDICAL/DENTAL EXPENSES. |
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| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 242746 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 172173430 |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 795972 |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 7889 |
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| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 25479227 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 68762243 |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | SSGA US AGGREGATE BOND INDEX CCT |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | SSGA BC 1-3 YEAR CCT |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | WELLINGTON CTF CORE BOND FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 2 | F |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 4595315 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3562263 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE PLAN FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING OF UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURN. THE PLAN PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2021 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION IN WHICH THE PLAN FILES ITS RETURN. IT IS THE PLAN'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN UNRELATED BUSINESS INCOME TAX EXPENSE. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 85755205 |
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| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3562263 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 8157578 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 25479227 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 132916 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 35848 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 217 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JON SCOTT ZILLIG |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | BRIAN R SAWYER |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | TRUSTEE |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 0 |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FORM 990 IS PREPARED BY THE PLAN'S AUDITORS AND REVIEWED FOR ACCURACY AND COMPLETENESS BY THE PLAN'S ADMINISTRATIVE SERVICE PROVIDER, NOKIA INVESTMENT MANAGEMENT CORPORATION, FORMERLY ALCATEL-LUCENT INVESTMENT MANAGEMENT CORPORATION, IN ADVANCE OF REVIEW AND APPROVAL (PRIOR TO FILING) BY THE BOARD OF TRUSTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 172173430 |
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| IRS990/USAddress/CityNm | 0 | MURRAY HILL |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LUCENT SUPPLEMENTAL HEALTHCARE BENEFITS |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | PLAN FOR FORMERLY REPRESENTED RETIREES |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LUCE |
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| ReturnHeader/Filer/PhoneNum | 0 | 9085176606 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 600 MOUNTAIN AVENUE ROOM 2T-314 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MURRAY HILL |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07974 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 470900880 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CALIBRE CPA GROUP PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7501 WISCONSIN AVENUE SUITE 1200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt | 0 | WEST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BETHESDA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 20814 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2023319880 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-09-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ERIN CRANMER |
| ReturnHeader/ReturnTs | 0 | 2025-09-29T13:13:19-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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