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Retirement plan

KEYSIGHT TECHNOLOGIES, INC. 401(K) PLAN

KEYSIGHT TECHNOLOGIES, INC.EIN 46-4254555Plan #003PY 2017
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1400 FOUNTAINGROVE PARKWAY - SANTA ROSA, CA 95403800-829-4444keysight.comLinkedIn10001+ employeeselectrical/electronic manufacturing
Other plans on this EIN
2 filings
#002Retirement-$792.3M assets#001Retirement-$296.8M assets
Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 829-4444
Plan administrator signer
MARTI WILMES
Signed 10/09/2018
How to read this page

Summary metrics

Total assets (EOY)
$1594.7M
-4.5% from 2016
Total participants
6,017
+2.9% from 2016
Average account balance
$270,380
-6.4% from 2016
Annual return
19.14%
-5.36 pp from 2016

Benchmarks

See 786 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort786 peers
Snapshot2017
Participant deferral / active EE
$10,427
median $4,043
Employer contribution / active EE
$4,129
median $2,120
Participation rate
96.9%
median 93.4%
Avg account balance
$270,380
median $74,647
Admin fee / account holder
$359
median $61
Annual return
19.14%
median 17.64%
Overall peer rank
67th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.62B
Average account balance
Total assets / participants with a balance (line 6g)
$352K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,443
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.8%
Contributions (total)
Employer and participant dollars contributed each year
$112.15M
Contributions per participant
Average employer and participant contribution per enrolled participant
$23K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+16.22%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$338
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 4 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years
Service code 15 · EIN 04-2647786
Recordkeeping
$697,753
FINANCIAL ENGINES3+ years
Service code 26 · EIN 77-0473565
Advisory (Participants)
$536,881
CALLAN ASSOCIATES2 years
Service code 27 · EIN 94-2192581
Advisory (Plan)
$160,328
MOSS ADAMS2 years
Service code 10 · EIN 91-0189318
Accounting
$40,950

Top hat statement on fileNQDC

Filed November 8, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$2.1M
$548 / participant
  • Investment mgmt$946K44.7%
  • Other / not subdivided$1M55.3%
% of EOY assets
0.133%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Unqualified