Retirement plan
NTESS SAVINGS AND INCOME PLAN
NATIONAL TECHNOLOGY & ENGINEERING SOLUTIONS OF SANDIA, LLCEIN 85-0097942Plan #008PY 2017
P.O. BOX 5800, MAIL STOP 1302 - ALBUQUERQUE, NM 871851302505-845-9222LinkedIn10001+ employeesveterinary
Other plans on this EIN
1 filingProspect flagsHigh assets / participantCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
LEAH MITCHELL
Signed 10/10/2018
Plan administrator entity
EMPLOYEE BENEFITS COMMITTEE OF NTESS
EIN 850097942
P.O. BOX 5800, MAIL STOP 1022 ยท ALBUQUERQUE, NM 871851022
(505) 284-1800Summary metrics
Total assets (EOY)
$3973.6M
-7.7% from 2016
Total participants
14,303
-0.2% from 2016
Average account balance
$280,328
-6.2% from 2016
Annual return
18.90%
-5.66 pp from 2016
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants>=10,000
Cohort70 peers
Snapshot2017
93
Participant deferral / active EE
$12,084
median $4,406
94
Employer contribution / active EE
$7,358
median $1,495
96
Participation rate
98.9%
median 74.0%
99
Avg account balance
$280,328
median $64,265
4
Admin fee / account holder
$202
median $62
48
Annual return
18.90%
median 19.20%
Overall peer rank
72of 100
72nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$7.25B
Average account balance
Total assets / participants with a balance (line 6g)
$372K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
19,472
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.4%
Contributions (total)
Employer and participant dollars contributed each year
$453.44M
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
+18.34%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$206
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES3+ years Service code 26 ยท EIN 77-0473565 | Advisory (Participants) | $1,396,757 |
Service code 37 ยท EIN 04-2647786 | Loan Processing | $115,168 |
Top hat statement on fileNQDC
Filed April 27, 1
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 codes2G2J2K2E2F3F3H2A2T
Plan features
- 2AAge/service weighted or new comparability planAge/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
- 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.
- 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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$2.9M
$248 / participant
- Investment mgmt$3M96.0%
- Other / not subdivided$115K4.0%
% of EOY assets
0.072%
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
- MITCHELL & TITUS, LLP
- Auditor EIN
- 132781641
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified