Retirement plan

NETCRACKER TECHNOLOGY CORPORATION 401K PROFIT SHARING

Name: NETCRACKER TECHNOLOGY CORPORATIO - NETCRACKER TECHNOLOGY CORPORATION 401K PROFIT SHARING (2023) 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 2023

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$45.6M

+15.4% from 2022

Total participants

484

-8.9% from 2022

Average account balance

$134,532

+22.2% from 2022

Annual return

18.41%

+35.34 pp from 2022

Benchmarks

See 3,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,234 peers

Snapshot2023

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-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$48,444
WOLF & COMPANY, P.C.7 years Filed as: WOLF AND COMPANY, INC Service code 15 · EIN 04-2689883	Recordkeeping	$20,500
ADP BROKER-DEALER9+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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.
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

$69K

$202 / participant

Recordkeeping$69K100.0%

% of EOY assets

0.151%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,532

$95,369+41.1%

$135,942-1.0%

$74,440+80.7%

Participation rate

57.5%

78.2%-20.7pp

81.9%-24.4pp

70.7%-13.3pp

Annual return

18.41%

32.72%-14.3pp

68.28%-49.9pp

34.37%-16.0pp

Employer contribution / active EE

$3,878-100.0%

$4,858-100.0%

$2,638-100.0%

Participant deferral / active EE

$10,870

$7,788+39.6%

$7,759+40.1%

$4,529+140.0%

Admin fee / account holder

$203

$266-23.6%

$10,764-98.1%

$348-41.5%

Provider

Service type

Compensation

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$48,444

WOLF & COMPANY, P.C.7 years

Filed as: WOLF AND COMPANY, INC

Service code 15 · EIN 04-2689883

Recordkeeping

$20,500

ADP BROKER-DEALER9+ 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