Retirement plan
CISCO SYSTEMS,INC. 401(K) PLAN
CISCO SYSTEMS,INC.EIN 77-0059951Plan #001PY 2019
170 WEST TASMAN DRIVE, MAILSTOP, SJC 11 3 - SAN JOSE, CA 951341706408-526-4000LinkedIn1-10 employeesretail
Prospect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ROGER BISCAY
Signed 08/14/2020
Summary metrics
Total assets (EOY)
$14225.4M
-8.4% from 2016
Total participants
62,669
+1.1% from 2016
Average account balance
$234,515
-7.2% from 2016
Annual return
24.78%
-8.64 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort89 peers
Snapshot2019
92
Participant deferral / active EE
$13,464
median $6,919
88
Employer contribution / active EE
$7,066
median $4,009
51
Participation rate
95.2%
median 94.9%
82
Avg account balance
$234,515
median $132,497
13
Admin fee / account holder
$113
median $47
76
Annual return
24.78%
median 22.32%
Overall peer rank
67of 100
67th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$22.73B
Average account balance
Total assets / participants with a balance (line 6g)
$315K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
72,060
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
$1.13B
Contributions per participant
Average employer and participant contribution per enrolled participant
$28K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+22.46%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$94
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES3 years Service code 27 · EIN 77-0473565 | Advisory (Plan) | $3,571,137 |
PRICEWATERHOUSECOOPERS LLP5+ years Service code 10 · EIN 13-4008324 | Accounting | $86,230 |
Service code 37 · EIN 04-2647786 | Loan Processing | $58,341 |
Top hat statement on fileNQDC
Filed August 7, 2007
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.
Plan features & details
Pension benefit codes2E2F2G2J2K2R2T3F
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$6.8M
$165 / participant
- Investment mgmt$4M53.5%
- Other / not subdivided$3M46.5%
% of EOY assets
0.048%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- PRICEWATERHOUSECOOPERS, LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer