401(k) · DOL Form 5500 · 2024
Mitel (Delaware), Inc. 401(k) Plan
Data updated 2026-08-11
- $228M
- Total assets
- 550
- Participants
- 95th
- Percentile by assets
- $414,195
- Avg per participant
Official DOL plan name: Mitel 401(k) Plan · Sponsored by Mitel (Delaware), Inc. · Arizona · Manufacturing
$228M in assets, 550 participants
Mitel (Delaware), Inc.'s Mitel 401(k) Plan reported $228M in total assets and 550 participants in its 2024 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 95th percentile by assets (of 123,622 plans)
- #16,350 in Manufacturing (17,777 peers)
Where Mitel 401(k) Plan sits by assets
Mitel 401(k) Plan sits in the top 5% of all filed plans by assets, $228M for 550 participants (~$414,195/participant), up 12.3% in 2024.
- $228M
- total plan assets (2024 EOY)
- 550
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $414,195
- avg assets per participant
The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Mitel 401(k) Plan reported net income fell from $8M in the plan year 2023 filing to -$10M in the plan year 2024 filing.
- Mitel 401(k) Plan reported participants fell from 660 in the plan year 2023 filing to 550 in the plan year 2024 filing.
- Mitel 401(k) Plan end-of-year assets rose from $203M in the plan year 2023 filing to $228M in the plan year 2024 filing.
Mitel 401(k) Plan vs the 2024 asset distribution
By assets, Mitel 401(k) Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $203M |
|---|---|
| Net Assets (End of Year) | $228M |
| Net Income | -$10M |
| Employer EIN | 860220994 |
| Plan Effective Date | 1977-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mitel (Delaware), Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,086 | $195M |
| 2023 | 1 | 660 | $203M |
| 2024 | 1 | 550 | $228M |
Nearby 401(k) Plans in Arizona
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Mitel 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
- Bechtel Trust & Thrift Plan $6.1B · 7,971
- Banner Health Employees 401(k) Plan $4.9B · 54,731
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.7B · 13,770
- Republic Services, Inc. 401(k) Plan $2.7B · 32,629
- Stantec 401(k) Plan $2.3B · 11,603
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Mitel 401(k) Plan by total assets, not by location.
- 401(k) Plan of Evangelical Community Hospital (PA) $228M · 1,943
- Sandy Spring Bank 401(k) Plan (MD) $228M · 1,101
- Avx Greenville LLC 401(k) Plan (SC) $228M · 1,324
- Bob's Discount Furniture 401(k) Profit Sharing Plan (CT) $228M · 5,094
Frequently Asked Questions
How did Mitel 401(k) Plan assets move in 2024? ▼
How have Mitel (Delaware), Inc. plan assets changed over time? ▼
Where does Mitel 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Mitel 401(k) Plan? ▼
Next read for Mitel 401(k) Plan
Scale reading
Ways to act on Mitel 401(k) Plan's numbers.
- By total assets, Mitel 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Arizona. Compare plans
- Mitel (Delaware), Inc.'s sponsor-wide assets have grown 16.8% since 2022 across 3 plan years on file. More Manufacturing plans