Retirement plan

NETCRACKER TECHNOLOGY CORPORATION 401K PROFIT SHARING

Name: NETCRACKER TECHNOLOGY CORPORATIO - NETCRACKER TECHNOLOGY CORPORATION 401K PROFIT SHARING (2022) Form 5500
Creator: NETCRACKER TECHNOLOGY CORPORATIO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NETCRACKER TECHNOLOGY CORPORATION 401K PROFIT SHARING, NETCRACKER TECHNOLOGY CORPORATIO

NETCRACKER TECHNOLOGY CORPORATIOEIN 04-3210872Plan #001PY 2022

95 SAWYER ROAD - WALTHAM, MA 02453781-419-3300netcracker.comLinkedIn10001+ employeestelecommunications

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$39.5M

-17.3% from 2021

Total participants

531

-5.0% from 2021

Average account balance

$110,047

-11.8% from 2021

Annual return

-16.93%

-33.54 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$53.18M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$167K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

319

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

59.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.93%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$204

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$49,211
WOLF & COMPANY, P.C.6 years Filed as: WOLF AND COMPANY, INC Service code 15 · EIN 04-2689883	Recordkeeping	$19,000
ADP BROKER-DEALER8+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$68K

$169 / participant

Other / not subdivided$68K100.0%

% of EOY assets

0.173%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WOLF & COMPANY P.C.
Auditor EIN: 042689883
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,047

$82,163+33.9%

$125,381-12.2%

$64,819+69.8%

Participation rate

57.3%

77.9%-20.6pp

82.4%-25.1pp

71.5%-14.2pp

Annual return

-16.93%

3.49%-20.4pp

572.31%-589.2pp

32.84%-49.8pp

Employer contribution / active EE

$3,616-100.0%

$4,815-100.0%

$2,507-100.0%

Participant deferral / active EE

$9,060

$7,175+26.3%

$7,448+21.6%

$4,311+110.2%

Admin fee / account holder

$190

$163+16.4%

$10,007-98.1%

$188+1.2%

Provider

Service type

Compensation

ADP BROKER-DEALER3 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$49,211

WOLF & COMPANY, P.C.6 years

Filed as: WOLF AND COMPANY, INC

Service code 15 · EIN 04-2689883

Recordkeeping

$19,000

ADP BROKER-DEALER8+ years

Service code 49 · EIN 22-3319984

Other Services

NETCRACKER TECHNOLOGY CORPORATION 401K PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NETCRACKER TECHNOLOGY CORPORATION 401K PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion