Retirement plan

PLEXUS CORP. 401(K) RETIREMENT PLAN

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

PLEXUS CORP.EIN 39-1344447Plan #001PY 2022

ONE PLEXUS WAY - NEENAH, WI 549570529920-751-5605LinkedIn1-10 employees

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed May 30, 2000 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$462.6M

-10.6% from 2016

Total participants

4,856

+7.7% from 2016

Average account balance

$98,927

-17.4% from 2016

Annual return

-15.90%

-11.46 pp from 2016

Benchmarks

See 147 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort147 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$606.09M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

4,178

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110

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 4 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC5 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$233,047
ASCENSUS LLC5 years Filed as: FRANCIS INVESTMENT COUNSEL LLC Service code 26 19435 W CAPITOL DRIVE · BROOKFIELD, WI 53045	Advisory (Participants)	$191,931
GRANT THORNTON LLP5 years Service code 10 33562 TREASURY CENTER · CHICAGO, IL 60694	Accounting	$25,620
SEYFARTH SHAW LLP5 years Service code 29 3807 COLLECTIONS CENTER DRIVE · CHICAGO, IL 60693	Legal	$9,496

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$461K

$139 / participant

Other / not subdivided$461K100.0%

% of EOY assets

0.100%

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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,927

$140,190-29.4%

$115,756-14.5%

$77,906+27.0%

Participation rate

94.6%

81.0%+13.6pp

77.1%+17.5pp

73.7%+20.9pp

Annual return

-15.90%

-13.46%-2.4pp

143.14%-159.0pp

12.16%-28.1pp

Employer contribution / active EE

$2,908

$3,169-8.2%

$3,793-23.3%

$2,846+2.2%

Participant deferral / active EE

$6,921

$5,401+28.2%

$6,254+10.7%

$4,805+44.0%

Admin fee / account holder

$99

$138-28.8%

$8,124-98.8%

$133-25.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC5 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$233,047

ASCENSUS LLC5 years

Filed as: FRANCIS INVESTMENT COUNSEL LLC

Service code 26

19435 W CAPITOL DRIVE · BROOKFIELD, WI 53045

Advisory (Participants)

$191,931

GRANT THORNTON LLP5 years

Service code 10

33562 TREASURY CENTER · CHICAGO, IL 60694

Accounting

$25,620

SEYFARTH SHAW LLP5 years

Service code 29

3807 COLLECTIONS CENTER DRIVE · CHICAGO, IL 60693

Legal

$9,496

PLEXUS CORP. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLEXUS CORP. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

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