Retirement plan

CERIUM NETWORKS 401(K) PLAN

Name: CERIUM NETWORKS, INC - CERIUM NETWORKS 401(K) PLAN (2024) Form 5500
Creator: CERIUM NETWORKS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CERIUM NETWORKS 401(K) PLAN, CERIUM NETWORKS, INC

CERIUM NETWORKS, INCEIN 91-2059896Plan #001PY 2024

1636 W 1ST AVE., SUITE 100 - SPOKANE, WA 99201509-536-8610ceriumnetworks.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$21.1M

+12.6% from 2023

Total participants

197

-11.7% from 2023

Average account balance

$127,151

+18.1% from 2023

Annual return

14.05%

-3.35 pp from 2023

Benchmarks

See 490 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort490 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.11M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

166

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$532

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.9 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$47,495
ANASTASI, MOORE & MARTIN, PLLC2 years Filed as: ANASTASI MOORE & MARTIN PLLC Service code 10 9 WASHINGTON ST, STE 600 · SPOKANE, WA 99201	Accounting	$21,500
RANDALL & HURLEY, INC.9 years Filed as: RANDALL & HURLEY Service code 13 1328 N WHITMAN LANE · LIBERTY LAKE, WA 990197594	Contract Administrator	$18,707
AMERICAN FUNDS8 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$900

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$88K

$649 / participant

Investment mgmt$49K55.2%
Contract admin$18K20.4%
Other / not subdivided$22K24.4%

% of EOY assets

0.418%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANASTASI, MOORE, MARTIN PLLC
Auditor EIN: 208149084
Audit fees: $21,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,151

$59,006+115.5%

$97,260+30.7%

$74,459+70.8%

Participation rate

77.2%

63.7%+13.5pp

72.7%+4.5pp

67.2%+10.0pp

Annual return

14.05%

16.04%-2.0pp

75.54%-61.5pp

1369.70%-1355.7pp

Employer contribution / active EE

$3,027

$1,894+59.8%

$2,721+11.2%

$2,626+15.3%

Participant deferral / active EE

$6,970

$3,671+89.9%

$4,262+63.6%

$4,350+60.3%

Admin fee / account holder

$532

$1,974-73.1%

$5,640-90.6%

$1,945-72.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.9 years

Filed as: WELLS FARGO CLEARING SERVICES LLC

Service code 27

401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$47,495

ANASTASI, MOORE & MARTIN, PLLC2 years

Filed as: ANASTASI MOORE & MARTIN PLLC

Service code 10

9 WASHINGTON ST, STE 600 · SPOKANE, WA 99201

Accounting

$21,500

RANDALL & HURLEY, INC.9 years

Filed as: RANDALL & HURLEY

Service code 13

1328 N WHITMAN LANE · LIBERTY LAKE, WA 990197594

Contract Administrator

$18,707

AMERICAN FUNDS8 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$900

CERIUM NETWORKS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CERIUM NETWORKS 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