Retirement plan

F5 NETWORKS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: F5 NETWORKS, INC. - F5 NETWORKS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: F5 NETWORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, F5 NETWORKS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, F5 NETWORKS, INC.

F5 NETWORKS, INC.EIN 91-1714307Plan #001PY 2016

401 ELLIOTT AVE. WEST - SEATTLE, WA 98119206-272-5555

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$342.3M

No prior year

Total participants

3,340

No prior year

Average account balance

$118,801

No prior year

Annual return

9.57%

No prior year

Benchmarks

See 664 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort664 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.24B

Not enough data

1 years with asset history on file

Average account balance

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

$299K

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.

4,149

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

$74.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+19.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT1+ years Filed as: RBC WEALTH MANAGEMEN Service code 16 · EIN 41-1416330	Consulting	$70,000
CLARK NUBER1+ years Filed as: CLARK NUBER P.S. Service code 10 · EIN 91-1194016	Accounting	$13,939
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	-$147,170

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLARK NUBER P.S.
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,801

$85,635+38.7%

$123,892-4.1%

$63,975+85.7%

Participation rate

83.9%

74.9%+9.0pp

81.4%+2.5pp

71.1%+12.8pp

Annual return

9.57%

15.74%-6.2pp

47.52%-37.9pp

48.65%-39.1pp

Employer contribution / active EE

$3,084

$3,076+0.2%

$4,617-33.2%

$2,182+41.3%

Participant deferral / active EE

$12,739

$5,667+124.8%

$5,984+112.9%

$3,356+279.5%

Admin fee / account holder

-$21

$75-128.4%

$8,357-100.3%

$70-130.2%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT1+ years

Filed as: RBC WEALTH MANAGEMEN

Service code 16 · EIN 41-1416330

Consulting

$70,000

CLARK NUBER1+ years

Filed as: CLARK NUBER P.S.

Service code 10 · EIN 91-1194016

Accounting

$13,939

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$147,170

F5 NETWORKS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

F5 NETWORKS, INC. 401(K) PROFIT SHARING PLAN AND 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