Retirement plan

FUJITSU GROUP DEFINED CONTRIBUTION AND 401(K) PLAN

Name: FUJITSU NORTH AMERICA, INC. - FUJITSU GROUP DEFINED CONTRIBUTION AND 401(K) PLAN (2024) Form 5500
Creator: FUJITSU NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FUJITSU GROUP DEFINED CONTRIBUTION AND 401(K) PLAN, FUJITSU NORTH AMERICA, INC.

FUJITSU NORTH AMERICA, INC.EIN 46-4314843Plan #003PY 2024

1250 EAST ARQUES AVENUE MS 365 - SUNNYVALE, CA 94086408-746-6000

Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1528.1M

-4.7% from 2016

Total participants

5,846

+2.4% from 2016

Average account balance

$261,387

-6.9% from 2016

Annual return

13.03%

-9.57 pp from 2016

Benchmarks

See 331 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.53B

Not enough data

1 years with asset history on file

Average account balance

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

$261K

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.

5,846

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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 6 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$492,427
CALLAN ASSOCIATES9 years Filed as: CALLAN INVESTMENTS Service code 28 · EIN 94-2192581	Investment Management	$222,500
MOSS ADAMS LLP9 years Service code 10 · EIN 91-0189318	Accounting	$62,605
INVESCO6 years Service code 28 · EIN 58-1707262	Investment Management	$61,157
BLACKROCK7 years Filed as: BLACKROCK INSTITUTIONAL TRUST CO. Service code 28 400 HOWARD STREET · SAN FRANCISCO, CA 94105	Investment Management	$13,285
PILLSBURY WINTHROP SHAW PITTMAN LLP7 years Filed as: PILLSBURY, WINTHROP, SHAW, PITTMAN Service code 29 · EIN 94-1311126	Legal	$8,025

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$757 / participant

Investment mgmt$697K57.8%
Legal$8K0.7%
Contract admin$437K36.3%
Other / not subdivided$63K5.2%

% of EOY assets

0.079%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $62,605
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$261,387

$2,703,213-90.3%

$165,100+58.3%

$200,096+30.6%

Participation rate

100.0%

78.4%+21.6pp

78.6%+21.4pp

72.0%+28.0pp

Annual return

13.03%

17.97%-4.9pp

70.21%-57.2pp

34.26%-21.2pp

Employer contribution / active EE

$4,390

$2,973+47.7%

$4,348+1.0%

$3,038+44.5%

Participant deferral / active EE

$18,634

$5,021+271.1%

$6,035+208.7%

$5,090+266.1%

Admin fee / account holder

$206

$1,999-89.7%

$12,696-98.4%

$269-23.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$492,427

CALLAN ASSOCIATES9 years

Filed as: CALLAN INVESTMENTS

Service code 28 · EIN 94-2192581

Investment Management

$222,500

MOSS ADAMS LLP9 years

Service code 10 · EIN 91-0189318

Accounting

$62,605

INVESCO6 years

Service code 28 · EIN 58-1707262

Investment Management

$61,157

BLACKROCK7 years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO.

Service code 28

400 HOWARD STREET · SAN FRANCISCO, CA 94105

Investment Management

$13,285

PILLSBURY WINTHROP SHAW PITTMAN LLP7 years

Filed as: PILLSBURY, WINTHROP, SHAW, PITTMAN

Service code 29 · EIN 94-1311126

Legal

$8,025

FUJITSU GROUP DEFINED CONTRIBUTION AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FUJITSU GROUP DEFINED CONTRIBUTION AND 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