Retirement plan

JAVEN TECHNOLOGIES, INC. 401(K) PLAN

Name: JAVEN TECHNOLOGIES, INC. - JAVEN TECHNOLOGIES, INC. 401(K) PLAN (2022) Form 5500
Creator: JAVEN TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAVEN TECHNOLOGIES, INC. 401(K) PLAN, JAVEN TECHNOLOGIES, INC.

JAVEN TECHNOLOGIES, INC.EIN 36-4566482Plan #001PY 2022

8030 OLD CEDAR AVE S STE 225 - BLOOMINGTON, MN 55425952-698-4454javentechnologies.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$1.2M

-11.0% from 2021

Total participants

118

-13.9% from 2021

Average account balance

$27,424

-3.0% from 2021

Annual return

-18.69%

-33.24 pp from 2021

Benchmarks

See 28,005 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,005 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.95M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$156K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+21.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$660
ADP BROKER-DEALER1 year Service code 49 · EIN 22-3319984	Other Services	$0
SAGEPOINT FINANCIAL INC1 year Filed as: AIG SECURITIES A K A SAGEPOINT ADVI Service code 49 9171 TOWNE CENTER DR SUITE 500 · SAN DIEGO, CA 92122	Other Services	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632	Other Services	$0

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$660

$8 / participant

Other / not subdivided$660100.0%

% of EOY assets

0.055%

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: ROGERS & KING, CPA, LLC
Auditor EIN: 264369558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,424

$82,674-66.8%

$125,363-78.1%

$68,495-60.0%

Participation rate

14.0%

75.0%-61.1pp

82.4%-68.4pp

67.9%-53.9pp

Annual return

-18.69%

-5.97%-12.7pp

572.15%-590.8pp

-7.84%-10.8pp

Employer contribution / active EE

$3,382-100.0%

$4,815-100.0%

$2,596-100.0%

Participant deferral / active EE

$3,057

$6,111-50.0%

$7,447-58.9%

$4,028-24.1%

Admin fee / account holder

$15

$6,276-99.8%

$10,005-99.9%

$5,403-99.7%

Provider

Service type

Compensation

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$660

ADP BROKER-DEALER1 year

Service code 49 · EIN 22-3319984

Other Services

SAGEPOINT FINANCIAL INC1 year

Filed as: AIG SECURITIES A K A SAGEPOINT ADVI

Service code 49

9171 TOWNE CENTER DR SUITE 500 · SAN DIEGO, CA 92122

Other Services

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 49 · EIN 26-4310632

Other Services

JAVEN TECHNOLOGIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAVEN TECHNOLOGIES, INC. 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