Retirement plan

A10 NETWORKS 401(K) PLAN

Name: A10 NETWORKS, INC. - A10 NETWORKS 401(K) PLAN (2021) Form 5500
Creator: A10 NETWORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A10 NETWORKS 401(K) PLAN, A10 NETWORKS, INC.

A10 NETWORKS, INC.EIN 20-1446869Plan #001PY 2021

2300 ORCHARD PARKWAY - SAN JOSE, CA 95131408-325-8668a10networks.comLinkedIn501-1000 employeescomputer software

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$49.3M

+8.2% from 2020

Total participants

520

-1.1% from 2020

Average account balance

$100,609

+10.4% from 2020

Annual return

14.78%

+0.59 pp from 2020

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.46M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

488

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+15.77%

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 10 of 17 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$141,561
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ INVESTMENT ADVISORY SVCS, LLC Service code 27 · EIN 81-3968784	Advisory (Plan)	$35,207
SILICON VALLEY ACCOUNTANCY CORP4 years Filed as: SILICON VALLEY ACCOUNTANCY CORP. Service code 10 · EIN 77-0573994	Accounting	$15,849
ALTA TRUST4 years Service code 52 · EIN 83-0524193	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-6799669	Indirect Investment Fees	$0
BLACKROCK5 years Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: CARILLON FUNDS Service code 52 · EIN 59-2385219	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS5 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
HARRIS5 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2S2T

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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$193K

$580 / participant

Investment mgmt$147K76.1%
Contract admin$5K2.7%
Other / not subdivided$41K21.2%

% of EOY assets

0.391%

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: SILICON VALLEY ACCOUNTANCY CORP
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,609

$104,336-3.6%

$159,474-36.9%

$86,821+15.9%

Participation rate

91.0%

77.7%+13.3pp

82.8%+8.1pp

72.3%+18.7pp

Annual return

14.78%

26.32%-11.5pp

263.68%-248.9pp

97.94%-83.2pp

Employer contribution / active EE

$1,415

$3,451-59.0%

$4,831-70.7%

$2,406-41.2%

Participant deferral / active EE

$12,106

$6,837+77.1%

$7,353+64.6%

$4,132+193.0%

Admin fee / account holder

$393

$172+128.3%

$10,802-96.4%

$170+131.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$141,561

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ INVESTMENT ADVISORY SVCS, LLC

Service code 27 · EIN 81-3968784

Advisory (Plan)

$35,207

SILICON VALLEY ACCOUNTANCY CORP4 years

Filed as: SILICON VALLEY ACCOUNTANCY CORP.

Service code 10 · EIN 77-0573994

Accounting

$15,849

ALTA TRUST4 years

Service code 52 · EIN 83-0524193

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-6799669

Indirect Investment Fees

BLACKROCK5 years

Service code 52 · EIN 13-3806694

Indirect Investment Fees

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: CARILLON FUNDS

Service code 52 · EIN 59-2385219

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 36-3376651

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS5 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

HARRIS5 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

A10 NETWORKS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A10 NETWORKS 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