Original filing (PDF)20251009140213NAL0003632563001

NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION

Name: NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION — SAVINGS PLAN FOR EMPLOYEES OF NTCA AND ITS MEMBERS, Form 5500 (2024)
Creator: NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION

Form 5500

FILING_RECEIVED

SAVINGS PLAN FOR EMPLOYEES OF NTCA AND ITS MEMBERS

401(k) retirement plan

Signals · 2

No recordkeeper disclosed10 service providers

Active participants

23,584

Accounts w/ balance

23,709

Plan assets (EOY)

$3.4B

Net assets (EOY)

$3.4B

How this plan invests

This plan

3 pooled trusts

Schedule D

312 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade A

Top-tier plan health

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

11 bps in Schedule C fees — 115% above peer band of 5 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION.

Plan sponsor

Name

NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION

EIN

52-0741336

Address

4121 WILSON BLVD. · 10TH FLOOR · ARLINGTON, VA · 22203

Phone

(703) 351-2000

Industry

Information / Tech / Mediasee all

Plan administrator

Name

NTCA RETIREMENT & SECURITY/SAVINGS PLAN TRUST COMMITTEE

EIN

52-1522857

City

ARLINGTON, VA

Phone

(703) 351-2000

Plan characteristics

Plan number

334

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-09

Pension benefit codes

2E · Profit-sharing

2C · Money purchase (other than target benefit)

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

3B · Covers self-employed individuals

2T · Default investment account (QDIA)

3H · Sponsor in controlled / affiliated group

2R · Participant-directed brokerage (SDBA)

Audit & trust (Schedule H)

Auditor

FORVIS MAZARS, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

10 rows

Trustee

Name	EIN	Location	Relation	Direct comp	Indirect comp
TRUSTEE #1	—	ARLINGTON, VA	TRUSTEE	$5K	—

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
SERVICES MANAGEMENT CORPORATION	52-1200541	—	SUBSIDIARY OF NTCA	$2.3M	—
J.P. MORGAN INVESTMENT MANAGEMENT I	13-3200244	—	NONE	$648K	—
GROOM LAW GROUP	52-1219029	—	NONE	$249K	—
TELCOM INSURANCE GROUP	52-1632917	—	NONE	$147K	—
BLACKROCK INSTITUTIONAL TRUST CO	94-3112180	—	NONE	$96K	—
WILSHIRE ASSOCIATES	95-2755361	—	NONE	$53K	—
CLARK COMMUNICATIONS	56-1463810	—	NONE	$45K	—
FORVIS MAZARS, LLP	44-0160260	—	NONE	$34K	—
FIDELITY	04-2647786	—	NONE	$0	—

Investments

299 direct securities · 3 pooled funds· $5.2B(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized

$2.9B

299 holdings

Common Collective Trust

$2.2B

2 holdings

Master Trust

$140.6M

1 holding

Investment	Type	Shares / units	Cost	Current value	% of plan
FIDELITY FIAM · EIN 20-4659714 / PN 001	Common Collective Trust	—	—	$1.9B	58.0%
BLACKROCK RUSSELL 1000 GROWTH FUND BLACKROCK FINANCIAL MANAGEMENT · EIN 94-3302953 / PN 001	Common Collective Trust	—	—	$292.2M	8.7%
Fidelity Investments SP 500 Index PL CL F	—	—	—	$277.9M	8.3%
Fidelity Investments FIAM INX TD 2035 Y	—	—	—	$252.4M	7.5%
Fidelity Investments FIAM INX TD 2040 Y	—	—	—	$232.0M	6.9%
Fidelity Investments FIAM INX TD 2030 Y	—	—	—	$225.7M	6.7%
Fidelity Investments FIAM INX TD 2045 Y	—	—	—	$198.5M	5.9%
Fidelity Investments FIAM INX TD 2025 Y	—	—	—	$193.0M	5.7%
Fidelity Investments FIAM INX TD 2050 Y	—	—	—	$149.0M	4.4%
R&S AND SAVINGS PLAN MASTER TRUST NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOC. · EIN 13-6044006 / PN 006	Master Trust	—	—	$140.6M	4.2%
Fidelity Investments Brokerage Link	—	—	—	$123.7M	3.7%
Fidelity Investments FIAM INX TD 2055 Y	—	—	—	$95.6M	2.8%
Fidelity Investments LPS Pool Class A	—	—	—	$84.3M	2.5%
Fidelity Investments Puritan Fund K	—	—	—	$82.2M	2.4%
Fidelity Investments FIAM INX TD 2020 Y	—	—	—	$76.7M	2.3%
Vanguard Total Bond Market Fund	—	—	—	$75.1M	2.2%
Fidelity Investments Diversified International Fund K	—	—	—	$54.8M	1.6%
Fidelity Investments SP Extended Market Index CL F	—	—	—	$50.2M	1.5%
BlackRock International Index	—	—	—	$45.9M	1.4%
Participants Participant loans*** Rates from 3.25% to 10.50% -	—	—	—	$36.4M	1.1%
Fidelity Investments Small Cap Dividend Value	—	—	—	$31.9M	0.9%
UST NOTES 4.625 06/15/202 Government Securities	—	—	—	$31.5M	0.9%
Vanguard Russell 2000 Growth Index	—	—	—	$27.3M	0.8%
Fidelity Investments FIAM INX TD 2065 Y	—	—	—	$21.7M	0.6%
UST NOTES 4.25 02/28/2029 Government Securities	—	—	—	$20.9M	0.6%
Vanguard Emerging Markets	—	—	—	$20.3M	0.6%
Fidelity Investments FIAM INX TD 2015 Y	—	—	—	$18.8M	0.6%
Fidelity Investments Money Market	—	—	—	$17.0M	0.5%
PIMCO Funds High Yield Fund	—	—	—	$17.0M	0.5%
UST NOTES 2.625 05/31/202 Government Securities	—	—	—	$13.6M	0.4%
UST NOTES 4.375 07/15/202 Government Securities	—	—	—	$12.9M	0.4%
UST NOTES 4.5 05/31/2029 Government Securities	—	—	—	$12.3M	0.4%
UST NOTES 3.375 09/15/202 Government Securities	—	—	—	$11.5M	0.3%
UST NOTES 4.125 03/31/202 Government Securities	—	—	—	$11.5M	0.3%
UST NOTES 4.125 11/15/202 Government Securities	—	—	—	$11.2M	0.3%
UST NOTES 4.875 05/31/202 Government Securities	—	—	—	$11.1M	0.3%
Fidelity Investments FIAM INX TD 2010 Y	—	—	—	$10.2M	0.3%
WELLS FARGO & CO Common Stock	—	—	—	$8.1M	0.2%
BANK OF AMERICA CORPORATION Common Stock	—	—	—	$6.7M	0.2%
UNITEDHEALTH GROUP INC Common Stock	—	—	—	$6.3M	0.2%
Fidelity Investments SP Real Estate Index F	—	—	—	$6.0M	0.2%
Fidelity Investments FIAM INX TD INCOME Y	—	—	—	$5.9M	0.2%
UST NOTES 4.25 06/30/2029 Government Securities	—	—	—	$5.8M	0.2%
MORGAN STANLEY Common Stock	—	—	—	$5.4M	0.2%
CONOCOPHILLIPS Common Stock	—	—	—	$5.0M	0.1%
SCHWAB CHARLES CORP Common Stock	—	—	—	$4.9M	0.1%
AMERICAN EXPRESS CO Common Stock	—	—	—	$4.8M	0.1%
UST NOTES 3.75 08/15/2027 Government Securities	—	—	—	$4.8M	0.1%
CHEVRON CORP Common Stock	—	—	—	$4.6M	0.1%
PHILIP MORRIS INTL INC Common Stock	—	—	—	$4.6M	0.1%
AIR PRODUCTS & CHEMICALS INC Common Stock	—	—	—	$4.4M	0.1%
NORFOLK SOUTHERN CORP Common Stock	—	—	—	$4.4M	0.1%
UST NOTES 4 01/31/2029 Government Securities	—	—	—	$4.4M	0.1%
LOWES COS INC Common Stock	—	—	—	$4.2M	0.1%
BRISTOL-MYERS SQUIBB CO Common Stock	—	—	—	$4.2M	0.1%
DEERE & CO Common Stock	—	—	—	$4.1M	0.1%
PNC FINANCIAL SERVICES GRP INC Common Stock	—	—	—	$4.1M	0.1%
ANALOG DEVICES INC Common Stock	—	—	—	$3.9M	0.1%
MCDONALDS CORP Common Stock	—	—	—	$3.7M	0.1%
TJX COMPANIES INC NEW Common Stock	—	—	—	$3.7M	0.1%
DOVER CORP Common Stock	—	—	—	$3.7M	0.1%
MICROSOFT CORP Common Stock	—	—	—	$3.6M	0.1%
GENERAL DYNAMICS CORPORATION Common Stock	—	—	—	$3.6M	0.1%
UNITED PARCEL SERVICE INC CL B Common Stock	—	—	—	$3.6M	0.1%
HOME DEPOT INC Common Stock	—	—	—	$3.6M	0.1%
PROCTER & GAMBLE CO Common Stock	—	—	—	$3.4M	0.1%
JOHNSON & JOHNSON Common Stock	—	—	—	$3.4M	0.1%
EOG RESOURCES INC Common Stock	—	—	—	$3.3M	<0.1%
EATON CORP PLC Common Stock	—	—	—	$3.3M	<0.1%
TRUIST FINL CORP Common Stock	—	—	—	$3.2M	<0.1%
TEXAS INSTRUMENTS INC Common Stock	—	—	—	$3.1M	<0.1%
CAPITAL ONE FINANCIAL CORP Common Stock	—	—	—	$3.1M	<0.1%
UST NOTES 4.125 10/31/202 Government Securities	—	—	—	$3.0M	<0.1%
BLACKROCK INC Common Stock	—	—	—	$3.0M	<0.1%
WALMART INC Common Stock	—	—	—	$2.9M	<0.1%
UST NOTES 3.625 08/31/202 Government Securities	—	—	—	$2.9M	<0.1%
EXXON MOBIL CORP Common Stock	—	—	—	$2.9M	<0.1%
ARES MANAGEMENT LP Common Stock	—	—	—	$2.8M	<0.1%
NEXTERA ENERGY Common Stock	—	—	—	$2.8M	<0.1%
ABBOTT LABORATORIES Common Stock	—	—	—	$2.8M	<0.1%
UNION PACIFIC CORP Common Stock	—	—	—	$2.7M	<0.1%
PARKER HANNIFIN CORP Common Stock	—	—	—	$2.6M	<0.1%
RTX CORP Common Stock	—	—	—	$2.6M	<0.1%
UST NOTES 4.125 11/30/202 Government Securities	—	—	—	$2.5M	<0.1%
DOMINION ENERGY INC Common Stock	—	—	—	$2.4M	<0.1%
UST NOTES 4.625 04/30/202 Government Securities	—	—	—	$2.4M	<0.1%
CIGNA CORP Common Stock	—	—	—	$2.3M	<0.1%
COCA COLA CO Common Stock	—	—	—	$2.2M	<0.1%
CORNING INC Common Stock	—	—	—	$2.1M	<0.1%
CHUBB LTD Common Stock	—	—	—	$2.1M	<0.1%
BECTON DICKINSON & CO Common Stock	—	—	—	$2.1M	<0.1%
MICROCHIP TECHNOLOGY Common Stock	—	—	—	$2.0M	<0.1%
NXP SEMICONDUCTORS NV Common Stock	—	—	—	$1.9M	<0.1%
ARTHUR J GALLAGHAR AND CO Common Stock	—	—	—	$1.9M	<0.1%
PUBLIC SVC ENTERPRISE GRP INC Common Stock	—	—	—	$1.9M	<0.1%
CVS HEALTH CORP Common Stock	—	—	—	$1.8M	<0.1%
MEDTRONIC PLC Common Stock	—	—	—	$1.8M	<0.1%
VENTAS INC REIT Common Stock	—	—	—	$1.7M	<0.1%
SEAGATE TECHNOLOGY HOLDINGS PLC Common Stock	—	—	—	$1.7M	<0.1%
MONDELEZ INTL INC Common Stock	—	—	—	$1.7M	<0.1%
PEPSICO INC Common Stock	—	—	—	$1.7M	<0.1%
MERCK & CO INC NEW Common Stock	—	—	—	$1.7M	<0.1%
PROLOGIS INC REIT Common Stock	—	—	—	$1.6M	<0.1%
GOLDMAN SACHS GROUP INC Common Stock	—	—	—	$1.6M	<0.1%
CMS ENERGY CORP Common Stock	—	—	—	$1.6M	<0.1%
TRAVELERS COMPANIES INC Common Stock	—	—	—	$1.5M	<0.1%
PROGRESSIVE CORP OHIO Common Stock	—	—	—	$1.4M	<0.1%
YUM BRANDS INC Common Stock	—	—	—	$1.4M	<0.1%
VERIZON COMMUNICATIONS INC Common Stock	—	—	—	$1.4M	<0.1%
Fidelity Investments C&S Real Assets MS	—	—	—	$1.3M	<0.1%
HERSHEY CO Common Stock	—	—	—	$1.3M	<0.1%
INTL BUS MACH CORP Common Stock	—	—	—	$1.3M	<0.1%
NEW YORK LIFE GLOBAL FDG Bonds	—	—	—	$1.3M	<0.1%
CME GROUP INC CL A Common Stock	—	—	—	$1.3M	<0.1%
METLIFE INC Common Stock	—	—	—	$1.2M	<0.1%
NORTHWESTERN MUTUAL GLOBA Bonds	—	—	—	$1.2M	<0.1%
CENCORA INC Common Stock	—	—	—	$1.2M	<0.1%
ACCENTURE PLC CL A Common Stock	—	—	—	$1.2M	<0.1%
PPG INDUSTRIES INC Common Stock	—	—	—	$1.2M	<0.1%
AVALONBAY COMMUNITIES INC REIT Common Stock	—	—	—	$1.1M	<0.1%
NORTHROP GRUMMAN CORP Common Stock	—	—	—	$1.1M	<0.1%
ELI LILLY & CO Common Stock	—	—	—	$1.1M	<0.1%
REPUBLIC SERVICES INC Common Stock	—	—	—	$1.1M	<0.1%
MARSH & MCLENNAN COS INC Common Stock	—	—	—	$1.1M	<0.1%
NEW YORK LIFE GLOBAL FDG Bonds	—	—	—	$992K	<0.1%
NEW YORK LIFE GLOBAL FDG Bonds	—	—	—	$927K	<0.1%
CHASE ISSUANCE TR 5.16 09 Bonds	—	—	—	$878K	<0.1%
NORTHWESTERN MUTUAL GLOBA Bonds	—	—	—	$818K	<0.1%
CHASE ISSUANCE TR 5.08 09 Bonds	—	—	—	$801K	<0.1%
FID BANK TRST ST INV FUND Common Stock	—	—	—	$784K	<0.1%
AMERICAN EXPRESS CR ACC M Bonds	—	—	—	$752K	<0.1%
GMF FLOORPLAN OWNER REVOL Bonds	—	—	—	$709K	<0.1%
CARMAX AUTO OWNER TR 2023 Bonds	—	—	—	$701K	<0.1%
ALEXANDRIA REAL ES EQ INC REIT Common Stock	—	—	—	$699K	<0.1%
WORLD OMNI AUTO RECEIVABL Bonds	—	—	—	$698K	<0.1%
HUNTINGTON AUTO TR 2024-1 Bonds	—	—	—	$695K	<0.1%
FNMA 15YR 4 03/01/2034#FM Government Securities	—	—	—	$645K	<0.1%
USAA AUTO OWNER TR 2023-A Bonds	—	—	—	$631K	<0.1%
GMF FLOORPLAN OWNER REVOL Bonds	—	—	—	$624K	<0.1%
WELLS FARGO CARD ISSUANCE Bonds	—	—	—	$614K	<0.1%
APPLE INC Common Stock	—	—	—	$612K	<0.1%
AMERICAN EXPRESS CR ACC M Bonds	—	—	—	$611K	<0.1%
FNMA 15YR 3 02/01/2033#BM Government Securities	—	—	—	$607K	<0.1%
CAPITAL ONE PRIME AUTO RE Bonds	—	—	—	$592K	<0.1%
LAM RESEARCH CORP Common Stock	—	—	—	$578K	<0.1%
TOYOTA LEASE OWNER TR 202 Bonds	—	—	—	$563K	<0.1%
FNMA 15YR 3 12/01/2032#BM Government Securities	—	—	—	$544K	<0.1%
FORD CR FLOORPLN MAST OWN Bonds	—	—	—	$543K	<0.1%
VOLKSWAGEN AUTO LOAN ENHA Bonds	—	—	—	$542K	<0.1%
VERIZON MASTER TR 4.62 11 Bonds	—	—	—	$540K	<0.1%
HYUNDAI AUTO LEASE SECURI Bonds	—	—	—	$517K	<0.1%
LIFE FIN SVCS TR 2022 TSF Bonds	—	—	—	$516K	<0.1%
HARTFORD FINL SVCS GROUP INC Common Stock	—	—	—	$494K	<0.1%
GM FIN SECURITIZED TERM A Bonds	—	—	—	$486K	<0.1%
ELP COMMERCIAL MORTGAGE T Bonds	—	—	—	$478K	<0.1%
FHLG 15YR 3 03/01/2033#SB Government Securities	—	—	—	$474K	<0.1%
CARMX 2023-3 A3 5.28 05/1 Bonds	—	—	—	$469K	<0.1%
OPG TR 2021-PORT TSFR1M+5 Bonds	—	—	—	$455K	<0.1%
FORD CR FLOORPLN MAST OWN Bonds	—	—	—	$449K	<0.1%
FEDERAL NAT MTG ASN GTD R Government Securities	—	—	—	$449K	<0.1%
FNMA 20YR 3.00 11/32 #MA1 Government Securities	—	—	—	$447K	<0.1%
HAROT 2023-4 5.67 06/21/2 Bonds	—	—	—	$433K	<0.1%
FORD CREDIT AUTO OWNER TR Bonds	—	—	—	$423K	<0.1%
VOLKSWAGEN AUTO LOAN ENHA Bonds	—	—	—	$413K	<0.1%
CHASE AUTO OWNER TR 5.22 Bonds	—	—	—	$413K	<0.1%
CAPITAL ONE PRIME AUTO RE Bonds	—	—	—	$406K	<0.1%
WORLD OMNI AUTO RECEIVABL Bonds	—	—	—	$397K	<0.1%
DAIMLER TRUCKS RETAIL TR Bonds	—	—	—	$382K	<0.1%
AMERICAN EXPRESS CR ACC M Bonds	—	—	—	$378K	<0.1%
BA CR CARD TR 4.98 11/15/ Bonds	—	—	—	$362K	<0.1%
HYUNDAI AUTO RECEIVABLES Bonds	—	—	—	$359K	<0.1%
TOYOTA AUTO RECEIVABLES 2 Bonds	—	—	—	$354K	<0.1%
BX COMMERCIAL MORTGAGE TR Bonds	—	—	—	$352K	<0.1%
NISSAN AUTO RECEIVABLES 2 Bonds	—	—	—	$332K	<0.1%
BX COMMERCIAL MORTGAGE TR Bonds	—	—	—	$321K	<0.1%
FEDERAL NAT MTG ASN GTD R Government Securities	—	—	—	$316K	<0.1%
SREIT TR 2021-MFP TSFR1M+ Bonds	—	—	—	$311K	<0.1%
FEDERAL NAT MTG ASN GTD R Government Securities	—	—	—	$310K	<0.1%
VOLKSWAGEN AUTO LOAN ENHA Bonds	—	—	—	$310K	<0.1%
FNR 2016-37 BK 3 06/25/46 Government Securities	—	—	—	$309K	<0.1%
DELL EQUIPMENT FINANCE TR Bonds	—	—	—	$302K	<0.1%
BX TR 2021-ACNT TSFR1M+96 Bonds	—	—	—	$299K	<0.1%
FNMA 15YR 4 02/01/2034#FM Government Securities	—	—	—	$293K	<0.1%
FNR 2016-26 CG 3 05/46 Government Securities	—	—	—	$289K	<0.1%
TESLA ELEC VEH TR 2023-1 Bonds	—	—	—	$286K	<0.1%
WORLD OMNI AUTO RECEIVABL Bonds	—	—	—	$284K	<0.1%
MERCEDES-BENZ AUTO RECEIV Bonds	—	—	—	$280K	<0.1%
CITIBANK CR CARD ISSUANCE Bonds	—	—	—	$278K	<0.1%
BA CR CARD TR 4.79 05/15/ Bonds	—	—	—	$275K	<0.1%
CITIZENS AUTO RECEIVABLES Bonds	—	—	—	$272K	<0.1%
CARMAX AUTO OWNER TR 2024 Bonds	—	—	—	$270K	<0.1%
FNR 2016-34 GH 3 06/46 Government Securities	—	—	—	$267K	<0.1%
FEDERAL NAT MTG ASN GTD R Government Securities	—	—	—	$265K	<0.1%
WORLD OMNI AUTOMOBILE LEA Bonds	—	—	—	$264K	<0.1%
TESLA 2024-A A3 5.3 06/21 Bonds	—	—	—	$262K	<0.1%
BX 2021-BXMF TSFR1M+75.04 Bonds	—	—	—	$260K	<0.1%
PORSCHE FINL AUTO SECURIT Bonds	—	—	—	$260K	<0.1%
BENCHMARK MORTGAGE TR 201 Bonds	—	—	—	$259K	<0.1%
NIKE INC Common Stock	—	—	—	$251K	<0.1%
FHLG 15YR 2.5 12/01/2031# Government Securities	—	—	—	$246K	<0.1%

Showing top 200 of 302 investments by value.