Retirement plan

ACTIONET, INC. 401(K) PROFIT SHARING PLAN & TRUST

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

ACTIONET, INC.EIN 54-1878254Plan #001PY 2024

2600 PARK TOWER DRIVE, SUITE 1000 - VIENNA, VA 22180703-204-0090actionet.comLinkedIn1001-5000 employeesinformation technology and services

Prospect flagsFailed to provide benefitWind-down / frozen

How to read this page

Total assets (EOY)

$96.7M

+1.9% from 2023

Total participants

1,242

-9.6% from 2023

Average account balance

$78,851

+11.7% from 2023

Annual return

13.71%

-3.74 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$96.75M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

1,227

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$185

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
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY Service code 27 · EIN 20-8764829	Advisory (Plan)	$145,114
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$54,417
APRIO LLP1 year Filed as: APRIO, LLC Service code 10 · EIN 57-1157523	Accounting	$28,066

Plan features & details

Pension benefit codes2K2S2T2E2F2G2J3D

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.

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$228K

$1069 / participant

Recordkeeping$54K23.9%
Other / not subdivided$173K76.1%

% of EOY assets

0.235%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: APRIO LLP
Auditor EIN: 571157523
Audit fees: $28,066
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,851

$101,653-22.4%

$147,080-46.4%

$74,459+5.9%

Participation rate

93.0%

75.6%+17.4pp

82.2%+10.8pp

67.2%+25.7pp

Annual return

13.71%

8754.98%-8741.3pp

420.17%-406.5pp

1369.70%-1356.0pp

Employer contribution / active EE

$1,406

$3,813-63.1%

$4,933-71.5%

$2,626-46.5%

Participant deferral / active EE

$9,976

$7,304+36.6%

$8,066+23.7%

$4,350+129.3%

Admin fee / account holder

$185

$1,752-89.4%

$12,989-98.6%

$1,945-90.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY

Service code 27 · EIN 20-8764829

Advisory (Plan)

$145,114

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$54,417

APRIO LLP1 year

Filed as: APRIO, LLC

Service code 10 · EIN 57-1157523

Accounting

$28,066

ACTIONET, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACTIONET, INC. 401(K) PROFIT SHARING PLAN & TRUST

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