Retirement plan

NETIMPACT STRATEGIES 401(K) PLAN

Name: NETIMPACT STRATEGIES, INC. - NETIMPACT STRATEGIES 401(K) PLAN (2022) 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 2022

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)

$14.6M

-9.5% from 2021

Total participants

399

+11.5% from 2021

Average account balance

$39,691

-12.2% from 2021

Annual return

-15.52%

-34.34 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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 INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$39,547
PROCYON INSTITUTIONAL PARTNERS LLC1 year Filed as: PROCYON ADVISORS LLC Service code 27 · EIN 82-1652002	Advisory (Plan)	$27,405
PROCYON INSTITUTIONAL PARTNERS LLC2 years Filed as: PROCYON INSTITUTIONAL PARTNERS INC Service code 27 · EIN 82-1646066	Advisory (Plan)	$10,015

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

$77K

$315 / participant

Other / not subdivided$77K100.0%

% of EOY assets

0.526%

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

$39,691

$84,499-53.0%

$125,391-68.3%

$66,949-40.7%

Participation rate

87.7%

76.4%+11.3pp

82.4%+5.3pp

69.8%+17.9pp

Annual return

-15.52%

-8.49%-7.0pp

572.41%-587.9pp

1.57%-17.1pp

Employer contribution / active EE

$4,111

$3,554+15.7%

$4,816-14.6%

$2,545+61.5%

Participant deferral / active EE

$6,403

$6,785-5.6%

$7,448-14.0%

$4,239+51.0%

Admin fee / account holder

$209

$685-69.6%

$10,009-97.9%

$594-64.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$39,547

PROCYON INSTITUTIONAL PARTNERS LLC1 year

Filed as: PROCYON ADVISORS LLC

Service code 27 · EIN 82-1652002

Advisory (Plan)

$27,405

PROCYON INSTITUTIONAL PARTNERS LLC2 years

Filed as: PROCYON INSTITUTIONAL PARTNERS INC

Service code 27 · EIN 82-1646066

Advisory (Plan)

$10,015

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