Retirement plan

THE SPIRENT COMMUNICATIONS 401(K) PLAN

Name: SPIRENT COMMUNICATIONS, INC. - THE SPIRENT COMMUNICATIONS 401(K) PLAN (2023) Form 5500
Creator: SPIRENT COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SPIRENT COMMUNICATIONS 401(K) PLAN, SPIRENT COMMUNICATIONS, INC.

SPIRENT COMMUNICATIONS, INC.EIN 11-3572676Plan #001PY 2023

5280 CORPORATE DRIVE, SUITE A100 - FREDERICK, MD 21703301-444-1036spirent.comLinkedIn1001-5000 employeestelecommunications

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$402.7M

-16.4% from 2019

Total participants

1,570

+0.7% from 2019

Average account balance

$267,059

-17.2% from 2019

Annual return

18.54%

-27.89 pp from 2019

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$449.65M

Not enough data

1 years with asset history on file

Average account balance

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

$318K

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.

1,414

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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
T ROWE PRICE RPS INC6+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$66,746
GLOBAL RETIREMENT PARTNERS LLC6+ years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 16 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Consulting	$33,000
CLIFTONLARSONALLEN LLP4 years Filed as: CLIFTON LARSON ALLEN LLP Service code 10 8215 GREENWAY BLVD · MIDDLETON, WI 53562	Accounting	$22,260
MORNINGSTAR6+ years Service code 26 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$9,385

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$131K

$156 / participant

Investment mgmt$42K32.5%
Contract admin$66K50.5%
Other / not subdivided$22K17.0%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $22,260
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$267,059

$95,438+179.8%

$135,998+96.4%

$74,478+258.6%

Participation rate

92.6%

78.2%+14.4pp

81.9%+10.7pp

70.7%+21.8pp

Annual return

18.54%

32.61%-14.1pp

68.37%-49.8pp

34.37%-15.8pp

Employer contribution / active EE

$6,109

$3,878+57.5%

$4,860+25.7%

$2,637+131.7%

Participant deferral / active EE

$16,733

$7,790+114.8%

$7,761+115.6%

$4,530+269.4%

Admin fee / account holder

$87

$259-66.6%

$10,769-99.2%

$347-75.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC6+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$66,746

GLOBAL RETIREMENT PARTNERS LLC6+ years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 16

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Consulting

$33,000

CLIFTONLARSONALLEN LLP4 years

Filed as: CLIFTON LARSON ALLEN LLP

Service code 10

8215 GREENWAY BLVD · MIDDLETON, WI 53562

Accounting

$22,260

MORNINGSTAR6+ years

Service code 26

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$9,385

THE SPIRENT COMMUNICATIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SPIRENT COMMUNICATIONS 401(K) 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