Retirement plan

SPARKCOGNITION 401K PLAN

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

SPARKCOGNITION, INC.EIN 46-3054618Plan #001PY 2022

12708 RIATA VISTA CIRCLE, - AUSTIN, TX 78727844-205-7173

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$11.2M

+26.5% from 2021

Total participants

442

+30.0% from 2021

Average account balance

$26,532

-4.7% from 2021

Annual return

-16.07%

-16.07 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.60M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

278

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+21.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$54,710
ALLIANCE PENSION CONSULTANTS, LLC2+ years Filed as: ALLIANT INSURANCE SERVICES, INC. Service code 99 · EIN 33-0785439	Other Fees	$52,906
MOSS ADAMS LLP1 year Filed as: MOSSADAMS Service code 99 21700 OXNARD STREET, SUITE 300 · WOODLAND HILLS, CA 91367	Other Fees	$15,750

Plan features & details

Pension benefit codes2E2F2G2J2S3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$70K

$236 / participant

Other / not subdivided$70K100.0%

% of EOY assets

0.631%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,532

$82,163-67.7%

$125,363-78.8%

$64,814-59.1%

Participation rate

93.0%

77.9%+15.1pp

82.4%+10.6pp

71.5%+21.5pp

Annual return

-16.07%

3.49%-19.6pp

572.15%-588.2pp

32.84%-48.9pp

Employer contribution / active EE

$4,159

$3,616+15.0%

$4,815-13.6%

$2,507+65.9%

Participant deferral / active EE

$12,211

$7,175+70.2%

$7,447+64.0%

$4,310+183.3%

Admin fee / account holder

$167

$163+2.6%

$10,005-98.3%

$188-10.9%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$54,710

ALLIANCE PENSION CONSULTANTS, LLC2+ years

Filed as: ALLIANT INSURANCE SERVICES, INC.

Service code 99 · EIN 33-0785439

Other Fees

$52,906

MOSS ADAMS LLP1 year

Filed as: MOSSADAMS

Service code 99

21700 OXNARD STREET, SUITE 300 · WOODLAND HILLS, CA 91367

Other Fees

$15,750

SPARKCOGNITION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPARKCOGNITION 401K 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