Retirement plan

HCL AMERICA, INC. 401(K) PLAN

Name: HCL AMERICA, INC. - HCL AMERICA, INC. 401(K) PLAN (2017) Form 5500
Creator: HCL AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HCL AMERICA, INC. 401(K) PLAN, HCL AMERICA, INC.

HCL AMERICA, INC.EIN 77-0205035Plan #001PY 2017

330 POTRERO AVE - SUNNYVALE, CA 940854113408-523-8384LinkedIn10001+ employeesinformation technology and services

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 5, 2024 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1 Tower Center Blvd

East Brunswick, NJ 08816

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Plans declared (1)

Plan name not on file1,117 emp

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Total assets (EOY)

$323.1M

-26.9% from 2016

Total participants

11,396

-8.3% from 2016

Average account balance

$35,547

-0.4% from 2016

Annual return

25.51%

-8.07 pp from 2016

Benchmarks

See 95 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort95 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.49B

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

17,805

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.

61.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$191.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+27.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$344,374
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MML INVESTORS SERVICES LLC Service code 49 · EIN 04-2746212	Other Services	$134,776
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INSURANCE AGENCY LLC Service code 49 · EIN 04-3109325	Other Services	$51,669
SILICON VALLEY ACCOUNTANCY CORP1 year Filed as: SILICON VALLEY ACCOUNTANCY Service code 10 · EIN 77-0573994	Accounting	$9,666
THE BANK OF NEW YORK MELLON3+ years Filed as: PERSHING, LLC Service code 33 · EIN 13-2741729	Recordkeeping fees; Direct payment fr...	$9,394

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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.
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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$354K

$36 / participant

Contract admin$349K98.6%
Other / not subdivided$5K1.4%

% of EOY assets

0.110%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SILICON VALLEY ACCOUNTANCY
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,547

$100,589-64.7%

$136,298-73.9%

$177,276-79.9%

Participation rate

76.3%

77.4%-1.2pp

81.9%-5.7pp

74.8%+1.4pp

Annual return

25.51%

39.18%-13.7pp

5156.27%-5130.8pp

21.25%+4.3pp

Employer contribution / active EE

$2,234

$3,259-31.5%

$4,696-52.4%

$2,479-9.9%

Participant deferral / active EE

$5,210

$5,830-10.6%

$6,247-16.6%

$3,881+34.2%

Admin fee / account holder

$39

$55-28.8%

$9,244-99.6%

$154-74.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$344,374

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MML INVESTORS SERVICES LLC

Service code 49 · EIN 04-2746212

Other Services

$134,776

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INSURANCE AGENCY LLC

Service code 49 · EIN 04-3109325

Other Services

$51,669

SILICON VALLEY ACCOUNTANCY CORP1 year

Filed as: SILICON VALLEY ACCOUNTANCY

Service code 10 · EIN 77-0573994

Accounting

$9,666

THE BANK OF NEW YORK MELLON3+ years

Filed as: PERSHING, LLC

Service code 33 · EIN 13-2741729

Recordkeeping fees; Direct payment fr...

$9,394

HCL AMERICA, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HCL AMERICA, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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