Retirement plan

NETIMPACT STRATEGIES 401(K) PLAN

Name: NETIMPACT STRATEGIES, INC. - NETIMPACT STRATEGIES 401(K) PLAN (2021) 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 2021

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.2M

+31.2% from 2020

Total participants

358

+3.8% from 2020

Average account balance

$45,202

+25.7% from 2020

Annual return

18.82%

-4.86 pp from 2020

Benchmarks

See 5,714 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,714 peers

Snapshot2021

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 INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$30,511
PURSHE KAPLAN STERLING INV2 years Service code 27 · EIN 13-3749682	Advisory (Plan)	$11,770
PROCYON INSTITUTIONAL PARTNERS LLC1 year Filed as: PROCYON INSTITUTIONAL PARTNERS INC Service code 27 · EIN 82-1646066	Advisory (Plan)	$9,646

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$52K

$236 / participant

Other / not subdivided$52K100.0%

% of EOY assets

0.321%

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: SAGGAR & ROSENBERG, P.C.
Auditor EIN: 522190100
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,202

$104,497-56.7%

$159,487-71.7%

$79,389-43.1%

Participation rate

100.0%

76.6%+23.4pp

82.8%+17.2pp

70.7%+29.3pp

Annual return

18.82%

67.98%-49.2pp

263.71%-244.9pp

116.89%-98.1pp

Employer contribution / active EE

$5,048

$3,418+47.7%

$4,831+4.5%

$2,428+107.9%

Participant deferral / active EE

$8,360

$6,468+29.2%

$7,354+13.7%

$4,046+106.6%

Admin fee / account holder

$145

$711-79.6%

$10,804-98.7%

$626-76.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$30,511

PURSHE KAPLAN STERLING INV2 years

Service code 27 · EIN 13-3749682

Advisory (Plan)

$11,770

PROCYON INSTITUTIONAL PARTNERS LLC1 year

Filed as: PROCYON INSTITUTIONAL PARTNERS INC

Service code 27 · EIN 82-1646066

Advisory (Plan)

$9,646

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