Retirement plan

NESS USA, INC. 401(K) PLAN

Name: NESS USA, INC. - NESS USA, INC. 401(K) PLAN (2017) Form 5500
Creator: NESS USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NESS USA, INC. 401(K) PLAN, NESS USA, INC.

NESS USA, INC.EIN 23-2920053Plan #001PY 2017

1000 TOWN CENTER WAY, SUITE 210 - CANONSBURG, PA 153179563724-745-7100LinkedIn501-1000 employeesindividual & family services

Prospect flagsLow returnsHigh feesLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.9M

+17.7% from 2016

Total participants

478

-7.7% from 2016

Average account balance

$44,514

+17.7% from 2016

Annual return

16.13%

+5.96 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.22M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

391

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.

54.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+19.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 · EIN 84-0467907	Recordkeeping Fees	$52,574
MID ATLANTIC CAPITAL CORPORATION3+ years Filed as: MID ATLANTIC CAPITAL CORP Service code 55 1251 WATERFRONT PL SUITE 510 · PITTSBURGH, PA 152224228	Other Commissions	$20,712
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: CAPITAL RETIREMENT PLAN SERVICES Service code 13 · EIN 25-1802421 501 CORPORATE DRIVE SUITE 215 · CANONSBURG, PA 15317	Contract Administrator	$13,294
BAKER TILLY US, LLP3+ years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 39-0859910 115 SOUTH 84 ST STE 400 · MILWAUKEE, WI 53214	Accounting	$12,250

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$76K

$211 / participant

Investment mgmt$6K7.6%
Contract admin$57K75.4%
Other / not subdivided$13K17.0%

% of EOY assets

0.768%

all-in expense ratio

Categories reported

2 / 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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,514

$155,795-71.4%

$136,298-67.3%

$69,631-36.1%

Participation rate

28.7%

75.2%-46.6pp

81.9%-53.2pp

70.7%-42.0pp

Annual return

16.13%

232464.33%-232448.2pp

5156.27%-5140.1pp

27571.02%-27554.9pp

Employer contribution / active EE

$2,991-100.0%

$4,696-100.0%

$2,032-100.0%

Participant deferral / active EE

$2,830

$5,394-47.5%

$6,247-54.7%

$3,224-12.2%

Admin fee / account holder

$342

$128+166.5%

$9,244-96.3%

$110+209.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$52,574

MID ATLANTIC CAPITAL CORPORATION3+ years

Filed as: MID ATLANTIC CAPITAL CORP

Service code 55

1251 WATERFRONT PL SUITE 510 · PITTSBURGH, PA 152224228

Other Commissions

$20,712

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: CAPITAL RETIREMENT PLAN SERVICES

Service code 13 · EIN 25-1802421

501 CORPORATE DRIVE SUITE 215 · CANONSBURG, PA 15317

Contract Administrator

$13,294

BAKER TILLY US, LLP3+ years

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10 · EIN 39-0859910

115 SOUTH 84 ST STE 400 · MILWAUKEE, WI 53214

Accounting

$12,250

NESS USA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NESS USA, 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