Retirement plan

NETIMPACT STRATEGIES 401(K) PLAN

Name: NETIMPACT STRATEGIES, INC. - NETIMPACT STRATEGIES 401(K) PLAN (2023) 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 2023

950 HERNDON PKWY, SUITE 350 - HERNDON, VA 20170540-454-9950netimpactstrategies.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.6M

+27.3% from 2022

Total participants

466

+16.8% from 2022

Average account balance

$44,831

+12.9% from 2022

Annual return

23.30%

+38.82 pp from 2022

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$40,910
PROCYON INSTITUTIONAL PARTNERS LLC2 years Filed as: PROCYON ADVISORS LLC Service code 27 · EIN 82-1652002	Advisory (Plan)	$38,633

Plan features & details

Pension benefit codes2J2T3D2E2F2G

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

$80K

$269 / participant

Recordkeeping$41K51.4%
Investment mgmt$39K48.6%

% of EOY assets

0.427%

all-in expense ratio

Categories reported

2 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,831

$95,438-53.0%

$135,982-67.0%

$74,473-39.8%

Participation rate

83.1%

78.2%+4.9pp

81.9%+1.2pp

70.7%+12.4pp

Annual return

23.30%

32.61%-9.3pp

68.32%-45.0pp

34.36%-11.1pp

Employer contribution / active EE

$3,666

$3,878-5.5%

$4,859-24.6%

$2,638+38.9%

Participant deferral / active EE

$6,011

$7,790-22.8%

$7,760-22.5%

$4,530+32.7%

Admin fee / account holder

$191

$259-26.1%

$10,767-98.2%

$347-44.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$40,910

PROCYON INSTITUTIONAL PARTNERS LLC2 years

Filed as: PROCYON ADVISORS LLC

Service code 27 · EIN 82-1652002

Advisory (Plan)

$38,633

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