Retirement plan

SEQUANS COMMUNICATIONS SA 401(K) PLAN

Name: SEQUANS COMMUNICATIONS S.A. - SEQUANS COMMUNICATIONS SA 401(K) PLAN (2024) Form 5500
Creator: SEQUANS COMMUNICATIONS S.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEQUANS COMMUNICATIONS SA 401(K) PLAN, SEQUANS COMMUNICATIONS S.A.

SEQUANS COMMUNICATIONS S.A.EIN 20-1476299Plan #001PY 2024

90 WASHINGTON VALLEY ROAD - BEDMINSTER, NJ 07921952-500-8789

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.7M

+34.1% from 2023

Total participants

-21.9% from 2023

Average account balance

$154,083

+45.3% from 2023

Annual return

25.60%

-6.07 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.70M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$375K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+25.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5839

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$140K

$9342 / participant

Other / not subdivided$140K100.0%

% of EOY assets

3.790%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,083

$117,829+30.8%

$102,423+50.4%

$145,877+5.6%

Participation rate

93.3%

78.6%+14.7pp

76.5%+16.8pp

80.3%+13.0pp

Annual return

25.60%

31.83%-6.2pp

29.42%-3.8pp

551.28%-525.7pp

Employer contribution / active EE

$6,245

$3,615+72.8%

$3,023+106.6%

$4,663+33.9%

Participant deferral / active EE

$18,752

$5,732+227.1%

$5,054+271.0%

$6,691+180.3%

Admin fee / account holder

$5,839

$13,335-56.2%

$9,455-38.2%

$13,402-56.4%

SEQUANS COMMUNICATIONS SA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEQUANS COMMUNICATIONS SA 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