PlanOptica
Retirement plan

CISCO SYSTEMS,INC. 401(K) PLAN

CISCO SYSTEMS,INC.EIN 77-0059951Plan #001PY 2022
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170 WEST TASMAN DRIVE, MAILSTOP, SJC 11 3 - SAN JOSE, CA 951341706408-526-4000LinkedIn1-10 employeesretail
Prospect flagsLow returnsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(408) 526-4000
Plan administrator signer
ROGER BISCAY
Signed 07/31/2023
How to read this page

Summary metrics

Total assets (EOY)
$15513M
-8.4% from 2016
Total participants
67,356
+1.1% from 2016
Average account balance
$232,802
-7.2% from 2016
Annual return
-17.95%
-8.64 pp from 2016

Benchmarks

See 101 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort101 peers
Snapshot2022
Participant deferral / active EE
$15,955
median $7,572
Employer contribution / active EE
$8,011
median $4,531
Participation rate
98.2%
median 95.9%
Avg account balance
$232,802
median $127,170
Admin fee / account holder
$122
median $62
Annual return
-17.95%
median -15.10%
Overall peer rank
61st 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
ProviderService typeCompensation
FINANCIAL ENGINES6 years
Service code 27 · EIN 94-3250323
Advisory (Plan)
$3,295,136
FIDELITY INVESTMENTS INSTITUTIONAL7 years
Service code 37 · EIN 04-2647786
Loan Processing
$121,470
PRICEWATERHOUSECOOPERS LLP8+ years
Service code 10 · EIN 13-4008324
Accounting
$110,500

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.

Open the filing PDF

Plan features & details

Pension benefit codes2F2G2J2K2T3F2E2R
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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$8.1M
$201 / participant
  • Investment mgmt$5M57.0%
  • Other / not subdivided$3M43.0%
% of EOY assets
0.052%
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
PRICEWATERHOUSECOOPERS, LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Unqualified