Retirement plan

VONAGE 401(K) RETIREMENT PLAN

Name: VONAGE HOLDINGS CORP - VONAGE 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: VONAGE HOLDINGS CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VONAGE 401(K) RETIREMENT PLAN, VONAGE HOLDINGS CORP

VONAGE HOLDINGS CORPEIN 11-3547680Plan #001PY 2023

101 CRAWFORDS CORNER ROAD, SUITE 2416 - HOLMDEL, NJ 07733732-528-2600

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$241.1M

-19.2% from 2016

Total participants

1,856

-0.8% from 2016

Average account balance

$133,066

-17.2% from 2016

Annual return

24.52%

+1.76 pp from 2016

Benchmarks

See 175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort175 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$289.31M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

1,887

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+19.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$56,924
AMERICAN FUNDS7 years Filed as: CAPITAL MANAGEMENT GROUP Service code 27 · EIN 13-4071393	Advisory (Plan)	$56,250
WITHUMSMITH+BROWN, PC3 years Filed as: WITHUM Service code 10 · EIN 22-2027092	Accounting	$11,960
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$144,786

Plan features & details

Pension benefit codes2T2E2F2G2J2K2S3D

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.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$144K

$132 / participant

Investment mgmt$132K91.7%
Other / not subdivided$12K8.3%

% of EOY assets

0.060%

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: WITHUM SMITH/BROWN PC
Auditor EIN: 222027092
Audit fees: $11,960
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,066

$103,918+28.0%

$94,677+40.5%

$80,187+65.9%

Participation rate

96.0%

85.8%+10.1pp

80.8%+15.1pp

72.9%+23.0pp

Annual return

24.52%

27.77%-3.3pp

156.95%-132.4pp

40.40%-15.9pp

Employer contribution / active EE

$4,378

$3,539+23.7%

$3,673+19.2%

$2,980+46.9%

Participant deferral / active EE

$14,563

$9,528+52.8%

$7,418+96.3%

$5,016+190.3%

Admin fee / account holder

$79

$96-17.6%

$7,222-98.9%

$145-45.2%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$56,924

AMERICAN FUNDS7 years

Filed as: CAPITAL MANAGEMENT GROUP

Service code 27 · EIN 13-4071393

Advisory (Plan)

$56,250

WITHUMSMITH+BROWN, PC3 years

Filed as: WITHUM

Service code 10 · EIN 22-2027092

Accounting

$11,960

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$144,786

VONAGE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VONAGE 401(K) RETIREMENT PLAN

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