Retirement plan

NETIMPACT STRATEGIES 401(K) PLAN

Name: NETIMPACT STRATEGIES, INC. - NETIMPACT STRATEGIES 401(K) PLAN (2020) Form 5500
Creator: NETIMPACT STRATEGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NETIMPACT STRATEGIES 401(K) PLAN, NETIMPACT STRATEGIES, INC.

NETIMPACT STRATEGIES, INC.EIN 26-4603050Plan #003PY 2020

7600 LEESBURG PIKE, SUITE 140 - FALLS CHURCH, VA 22043540-454-9950netimpactstrategies.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.3M

+39.3% from 2019

Total participants

345

+14.2% from 2019

Average account balance

$35,970

+22.7% from 2019

Annual return

23.67%

-22.70 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.88M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

420

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+23.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$239

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$1,325
JACQUES FINANCIAL LLC3 years Service code 61 15430 AVERY RD · ROCKVILLE, MD 20855	Finders' fees / placement fees	$0
PURSHE KAPLAN STERLING INV1 year Service code 61 · EIN 13-3749682	Finders' fees / placement fees	$0

Plan features & details

Pension benefit codes2J2T3D2F2E2G

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.
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

$1K

$5 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 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: DESAI & SHAH, PC, CPAS
Auditor EIN: 521956951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,970

$100,801-64.3%

$149,745-76.0%

$73,412-51.0%

Participation rate

99.2%

77.7%+21.6pp

82.5%+16.8pp

72.2%+27.1pp

Annual return

23.67%

265.34%-241.7pp

276.72%-253.0pp

59.30%-35.6pp

Employer contribution / active EE

$3,799

$3,312+14.7%

$4,646-18.2%

$2,234+70.1%

Participant deferral / active EE

$6,199

$6,404-3.2%

$6,843-9.4%

$3,806+62.9%

Admin fee / account holder

$181-97.9%

$9,312-100.0%

$158-97.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,325

JACQUES FINANCIAL LLC3 years

Service code 61

15430 AVERY RD · ROCKVILLE, MD 20855

Finders' fees / placement fees

PURSHE KAPLAN STERLING INV1 year

Service code 61 · EIN 13-3749682

Finders' fees / placement fees

NETIMPACT STRATEGIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NETIMPACT STRATEGIES 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