Retirement plan

ZYWAVE 401(K) PLAN

Name: ZYWAVE, INC. - ZYWAVE 401(K) PLAN (2024) Form 5500
Creator: ZYWAVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZYWAVE 401(K) PLAN, ZYWAVE, INC.

ZYWAVE, INC.EIN 39-1810743Plan #002PY 2024

10100 INNOVATION DR SUITE 300 - MILWAUKEE, WI 53226414-918-0234zywave.comLinkedIn501-1000 employeescomputer software

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$66M

+15.2% from 2023

Total participants

776

-16.1% from 2023

Average account balance

$90,878

+37.0% from 2023

Annual return

15.94%

-5.87 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$65.98M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

726

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.07M

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

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$79,378
SPECTRUM INVESTMENT ADVISORS10+ years Filed as: SPECTRUM INVESTMENT ADVISORS INC Service code 27 6329 W MEQUON RD · MEQUON, WI 53092	Advisory (Plan)	$25,000
VRAKAS S.C.8 years Filed as: VRAKAS/BLUM, S.C. Service code 10 445 SOUTH MOORLAND ROAD STE 400 · BROOKFIELD, WI 53005	Accounting	$12,600

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$117K

$215 / participant

Recordkeeping$79K67.9%
Investment mgmt$25K21.4%
Other / not subdivided$13K10.8%

% of EOY assets

0.177%

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: VRAKAS S.C.
Auditor EIN: 391453055
Audit fees: $12,600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,878

$106,264-14.5%

$147,117-38.2%

$77,762+16.9%

Participation rate

90.8%

78.4%+12.4pp

82.2%+8.6pp

70.6%+20.2pp

Annual return

15.94%

56.94%-41.0pp

420.54%-404.6pp

31.27%-15.3pp

Employer contribution / active EE

$2,738

$4,074-32.8%

$4,932-44.5%

$2,728+0.4%

Participant deferral / active EE

$10,240

$8,003+27.9%

$8,065+27.0%

$4,651+120.2%

Admin fee / account holder

$161

$334-51.8%

$12,993-98.8%

$433-62.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$79,378

SPECTRUM INVESTMENT ADVISORS10+ years

Filed as: SPECTRUM INVESTMENT ADVISORS INC

Service code 27

6329 W MEQUON RD · MEQUON, WI 53092

Advisory (Plan)

$25,000

VRAKAS S.C.8 years

Filed as: VRAKAS/BLUM, S.C.

Service code 10

445 SOUTH MOORLAND ROAD STE 400 · BROOKFIELD, WI 53005

Accounting

$12,600

ZYWAVE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZYWAVE 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