Retirement plan

HEXAWARE TECHNOLOGIES, INCORPORATED RETIREMENT PLAN

Name: HEXAWARE TECHNOLOGIES, INCORPORATED - HEXAWARE TECHNOLOGIES, INCORPORATED RETIREMENT PLAN (2017) Form 5500
Creator: HEXAWARE TECHNOLOGIES, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEXAWARE TECHNOLOGIES, INCORPORATED RETIREMENT PLAN, HEXAWARE TECHNOLOGIES, INCORPORATED

HEXAWARE TECHNOLOGIES, INCORPORATEDEIN 22-3301374Plan #001PY 2017

101 WOOD AVENUE SOUTH, SUITE 600 - ISELIN, NJ 08830609-409-6950

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed December 22, 2020

Plan administrator

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101 S. Wood Ave, #600

Isselin, NJ 08830

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Plans declared (1)

Nonqualified Deferred Compensation Plan36 emp

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Total assets (EOY)

$10.1M

+23.7% from 2016

Total participants

1,727

+6.3% from 2016

Average account balance

$33,278

+10.7% from 2016

Annual return

13.06%

+3.50 pp from 2016

Benchmarks

See 662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort662 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.70M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

896

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.

35.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITU INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$26,367
MMA SECURITIES LLC1 year Service code 55	Other Commissions	$21,180
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,297
UNIGLOBAL PENSION PLANNING, INC.3+ years Service code 13	Contract Administrator	$8,842
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 1801 CALIFORNIA STREET · DENVER, CO 80202	Advisory (Plan)	$2,992
UNIGLOBAL PENSION PLANNING, INC.3+ years Filed as: UNIGLOBAL PENSION PLANNING, INC Service code 13 4114 LEGATO ROAD · FAIRFAX, VA 22033	Contract Administrator	$450
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES Service code 55 PO BOX 9497 · NEW YORK, NY 10087	Other Commissions	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

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.
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.
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$25 / participant

Contract admin$39K100.0%

% of EOY assets

0.385%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NISSEL CPA, LLC
Auditor EIN: 270994062
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,278

$96,458-65.5%

$136,298-75.6%

$77,958-57.3%

Participation rate

10.2%

75.4%-65.2pp

81.9%-71.8pp

71.6%-61.5pp

Annual return

13.06%

23.78%-10.7pp

5156.27%-5143.2pp

20.87%-7.8pp

Employer contribution / active EE

$38

$3,144-98.8%

$4,696-99.2%

$2,310-98.4%

Participant deferral / active EE

$1,235

$5,902-79.1%

$6,247-80.2%

$3,537-65.1%

Admin fee / account holder

$128

$80+59.3%

$9,244-98.6%

$97+31.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITU INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$26,367

MMA SECURITIES LLC1 year

Service code 55

Other Commissions

$21,180

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,297

UNIGLOBAL PENSION PLANNING, INC.3+ years

Service code 13

Contract Administrator

$8,842

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27

1801 CALIFORNIA STREET · DENVER, CO 80202

Advisory (Plan)

$2,992

UNIGLOBAL PENSION PLANNING, INC.3+ years

Filed as: UNIGLOBAL PENSION PLANNING, INC

Service code 13

4114 LEGATO ROAD · FAIRFAX, VA 22033

Contract Administrator

$450

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES

Service code 55

PO BOX 9497 · NEW YORK, NY 10087

Other Commissions

HEXAWARE TECHNOLOGIES, INCORPORATED RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEXAWARE TECHNOLOGIES, INCORPORATED RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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