Retirement plan

MELTWATER NEWS US INC. 401(K) PLAN

Name: MELTWATER NEWS US, INC. - MELTWATER NEWS US INC. 401(K) PLAN (2022) Form 5500
Creator: MELTWATER NEWS US, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MELTWATER NEWS US INC. 401(K) PLAN, MELTWATER NEWS US, INC.

MELTWATER NEWS US, INC.EIN 20-8289528Plan #001PY 2022

555 TWIN DOLPHIN DRIVE, SUITE 165 - REDWOOD CITY, CA 94065415-848-9186

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$36.8M

-5.8% from 2021

Total participants

949

-8.1% from 2021

Average account balance

$43,027

-10.2% from 2021

Annual return

-12.57%

-36.47 pp from 2021

Benchmarks

See 605 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort605 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.00M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

858

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.

63.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$169

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$84,749
NEWFRONT RETIREMENT SERVICES INC1 year Service code 27 · EIN 80-0833114	Advisory (Plan)	$64,332

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$149K

$230 / participant

Other / not subdivided$149K100.0%

% of EOY assets

0.405%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SENSIBA LLP
Auditor EIN: 942370906
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,027

$64,612-33.4%

$86,439-50.2%

$64,814-33.6%

Participation rate

85.6%

81.5%+4.2pp

80.3%+5.3pp

71.5%+14.2pp

Annual return

-12.57%

0.66%-13.2pp

4395.55%-4408.1pp

32.84%-45.4pp

Employer contribution / active EE

$1,502

$2,744-45.3%

$3,769-60.1%

$2,507-40.1%

Participant deferral / active EE

$8,879

$7,497+18.4%

$6,952+27.7%

$4,310+106.0%

Admin fee / account holder

$174

$169+3.0%

$6,732-97.4%

$188-7.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$84,749

NEWFRONT RETIREMENT SERVICES INC1 year

Service code 27 · EIN 80-0833114

Advisory (Plan)

$64,332

MELTWATER NEWS US INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MELTWATER NEWS US INC. 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