Retirement plan

NESS USA, INC. 401(K) PLAN

Name: NESS USA, INC. - NESS USA, INC. 401(K) PLAN (2019) 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 2019

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$14.9M

+23.4% from 2018

Total participants

602

+0.5% from 2018

Average account balance

$36,374

+10.5% from 2018

Annual return

25.52%

+8.81 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$59,007
MID ATLANTIC CAPITAL CORPORATION5+ years Filed as: MID ATLANTIC CAPITAL CORP Service code 55 1251 WATERFRONT PL SUITE 510 · PITTSBURGH, PA 152224228	Other Commissions	$31,155
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: CAPITAL RETIREMENT PLAN SERVICES Service code 13 · EIN 25-1802421 4000 TOWN CENTER BLVD SUITE 250 · CANONSBURG, PA 15317	Contract Administrator	$19,335
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12,935
NESS USA INC1 year Service code 25 · EIN 23-2920053 1000 TOWN CENTER WAY · CANONSBURG, PA 15317	Directed Trustee	$12,250
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTMENT RETIREMENT SOLUTIONS Service code 27 1801 CALIFORNIA STREET · DENVER, CO 80202	Advisory (Plan)	$3,956

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$105K

$242 / participant

Investment mgmt$17K16.1%
Contract admin$75K71.5%
Other / not subdivided$13K12.4%

% of EOY assets

0.701%

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

$36,374

$88,122-58.7%

$141,191-74.2%

$67,579-46.2%

Participation rate

56.0%

76.5%-20.5pp

82.5%-26.5pp

71.3%-15.3pp

Annual return

25.52%

75.40%-49.9pp

71.41%-45.9pp

378.56%-353.0pp

Employer contribution / active EE

$3,224-100.0%

$4,736-100.0%

$2,148-100.0%

Participant deferral / active EE

$6,201

$5,958+4.1%

$6,710-7.6%

$3,539+75.2%

Admin fee / account holder

$255

$131+94.9%

$10,264-97.5%

$142+79.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$59,007

MID ATLANTIC CAPITAL CORPORATION5+ years

Filed as: MID ATLANTIC CAPITAL CORP

Service code 55

1251 WATERFRONT PL SUITE 510 · PITTSBURGH, PA 152224228

Other Commissions

$31,155

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: CAPITAL RETIREMENT PLAN SERVICES

Service code 13 · EIN 25-1802421

4000 TOWN CENTER BLVD SUITE 250 · CANONSBURG, PA 15317

Contract Administrator

$19,335

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12,935

NESS USA INC1 year

Service code 25 · EIN 23-2920053

1000 TOWN CENTER WAY · CANONSBURG, PA 15317

Directed Trustee

$12,250

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTMENT RETIREMENT SOLUTIONS

Service code 27

1801 CALIFORNIA STREET · DENVER, CO 80202

Advisory (Plan)

$3,956

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