Retirement plan

NTT DATA EUROPE & LATAM, BRANCH IN USA, INC. 401(K) RETIREMENT PLAN

Name: NTT DATA EUROPE & LATAM, BRANCH IN USA, INC. - NTT DATA EUROPE & LATAM, BRANCH IN USA, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: NTT DATA EUROPE & LATAM, BRANCH IN USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NTT DATA EUROPE & LATAM, BRANCH IN USA, INC. 401(K) RETIREMENT PLAN, NTT DATA EUROPE & LATAM, BRANCH IN USA, INC.

NTT DATA EUROPE & LATAM, BRANCH IN USA, INC.EIN 27-2702152Plan #001PY 2023

4100 NORTH FAIRFAX DRIVE SUITE 810 - ARLINGTON, VA 22203703-889-8930

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$12.7M

-0.1% from 2022

Total participants

183

+0.5% from 2022

Average account balance

$88,400

+2.7% from 2022

Annual return

-6.14%

-11.37 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.37M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

163

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.

62.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+6.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$262

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP3 years Filed as: USI ADVISORS INC Service code 27 95 GLASTONBURY BLVD · GLASTONBURY, CT 06033	Advisory (Plan)	$29,291
MATTHEWS CARTER & BOYCE PC1 year Service code 10 12500 FAIR LAKES CIR STE 260 · FAIRFAX, VA 22033	Accounting	$11,000
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$1,475

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$42K

$414 / participant

Contract admin$42K100.0%

% of EOY assets

0.328%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MATTHEWS, CARTER & BOYCE, P.C.
Auditor EIN: 541487262
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,400

$91,439-3.3%

$135,974-35.0%

$71,511+23.6%

Participation rate

61.4%

75.7%-14.3pp

81.9%-20.5pp

67.9%-6.5pp

Annual return

-6.14%

29.90%-36.0pp

68.30%-74.4pp

28.86%-35.0pp

Employer contribution / active EE

$4,805

$3,705+29.7%

$4,859-1.1%

$2,589+85.6%

Participant deferral / active EE

$7,379

$7,093+4.0%

$7,760-4.9%

$4,291+72.0%

Admin fee / account holder

$290

$1,267-77.1%

$10,767-97.3%

$1,588-81.7%

Provider

Service type

Compensation

USI CONSULTING GROUP3 years

Filed as: USI ADVISORS INC

Service code 27

95 GLASTONBURY BLVD · GLASTONBURY, CT 06033

Advisory (Plan)

$29,291

MATTHEWS CARTER & BOYCE PC1 year

Service code 10

12500 FAIR LAKES CIR STE 260 · FAIRFAX, VA 22033

Accounting

$11,000

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$1,475

NTT DATA EUROPE & LATAM, BRANCH IN USA, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NTT DATA EUROPE & LATAM, BRANCH IN USA, INC. 401(K) RETIREMENT 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