401k Record

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Anokiwave 401(k)

Recordkeeping fees per participant · Anokiwave Retirement Savings Plan · plan year 2023

$12.93

Higher than 16% of the 13,318 plans $10 to 50M that report it.

Source

= $1,280 / 99
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241011063302NAL0012217075001, received 2024-10-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241011063302NAL0012217075001, received 2024-10-11

10th: $8.38median $71.1390th: $189.70

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-11.

Cost and contributions

Administrative expenses excluding investment management, per participant

$12.93

10th: $12.50median $105.8490th: $309.83

Higher than 10% of the 23,494 plans $10 to 50M that report it.

Source

= $1,280 / 99
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241011063302NAL0012217075001, received 2024-10-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241011063302NAL0012217075001, received 2024-10-11

Administrative expenses per participant

$60.55

10th: $21.83median $171.6490th: $417.48

Higher than 21% of the 24,286 plans $10 to 50M that report it.

Source

= $5,994 / 99
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241011063302NAL0012217075001, received 2024-10-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241011063302NAL0012217075001, received 2024-10-11

Administrative expenses as a share of assets

0.054%

10th: 0.029%median 0.269%90th: 0.572%

Higher than 15% of the 24,321 plans $10 to 50M that report it.

Source

= $5,994 / $11,201,596
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241011063302NAL0012217075001, received 2024-10-11
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241011063302NAL0012217075001, received 2024-10-11

Employer contributions per participant

$3,865

10th: $655median $2,02590th: $4,780

Higher than 84% of the 23,376 plans $10 to 50M that report it.

Source

= $382,620 / 99
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241011063302NAL0012217075001, received 2024-10-11
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241011063302NAL0012217075001, received 2024-10-11

Employer share of total contributions

20.7%

10th: 13.2%median 28.1%90th: 46.4%

Higher than 25% of the 23,409 plans $10 to 50M that report it.

Source

= $382,620 / $1,846,985
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241011063302NAL0012217075001, received 2024-10-11
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241011063302NAL0012217075001, received 2024-10-11

Plan terms, as stated in Anokiwave, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241011063302NAL0012217075001, received 2024-10-11

Full record, Anokiwave Retirement Savings Plan

FieldValueSource
Plan sponsorANOKIWAVE, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241011063302NAL0012217075001, received 2024-10-11
Plan nameANOKIWAVE RETIREMENT SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20241011063302NAL0012217075001, received 2024-10-11
Sponsor EIN / plan number33-0860929 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241011063302NAL0012217075001, received 2024-10-11
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241011063302NAL0012217075001, received 2024-10-11
Sponsor locationBILLERICA, MAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241011063302NAL0012217075001, received 2024-10-11
Industry (business code)334410, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20241011063302NAL0012217075001, received 2024-10-11
Plan year2023-01-01 to 2023-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241011063302NAL0012217075001, received 2024-10-11
Filing received2024-10-11Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241011063302NAL0012217075001, received 2024-10-11
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241011063302NAL0012217075001, received 2024-10-11
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20241011063302NAL0012217075001, received 2024-10-11
Participants, beginning of year128Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241011063302NAL0012217075001, received 2024-10-11
Active participants50Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241011063302NAL0012217075001, received 2024-10-11
Participants, end of year106Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241011063302NAL0012217075001, received 2024-10-11
Participants with an account balance99Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241011063302NAL0012217075001, received 2024-10-11
Total assets, beginning of year$9,565,417Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241011063302NAL0012217075001, received 2024-10-11
Total assets, end of year$11,201,596Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241011063302NAL0012217075001, received 2024-10-11
Net assets, end of year$11,201,596Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241011063302NAL0012217075001, received 2024-10-11
Total income$3,935,664Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241011063302NAL0012217075001, received 2024-10-11
Net income$1,636,179Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241011063302NAL0012217075001, received 2024-10-11
Employer contributions$382,620Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241011063302NAL0012217075001, received 2024-10-11
Participant contributions$1,393,466Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241011063302NAL0012217075001, received 2024-10-11
Other contributions (incl. rollovers)$70,899Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20241011063302NAL0012217075001, received 2024-10-11
Total contributions$1,846,985Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241011063302NAL0012217075001, received 2024-10-11
Benefit payments$2,293,491Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241011063302NAL0012217075001, received 2024-10-11
Total expenses (incl. benefit payments)$2,299,485Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241011063302NAL0012217075001, received 2024-10-11
Total administrative expenses$5,994Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241011063302NAL0012217075001, received 2024-10-11
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20241011063302NAL0012217075001, received 2024-10-11
Recordkeeping fees$1,280Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241011063302NAL0012217075001, received 2024-10-11
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20241011063302NAL0012217075001, received 2024-10-11
Investment advisory and management fees$4,714Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20241011063302NAL0012217075001, received 2024-10-11
Administrative expenses excluding investment management$1,280derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241011063302NAL0012217075001, received 2024-10-11
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20241011063302NAL0012217075001, received 2024-10-11
Held in common/collective trusts$218,086Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20241011063302NAL0012217075001, received 2024-10-11
Held in mutual funds$10,629,795Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20241011063302NAL0012217075001, received 2024-10-11
Independent auditorGRAY, GRAY & GRAY, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241011063302NAL0012217075001, received 2024-10-11

Position = column in the DOL layout for form year 2023. Filing 20241011063302NAL0012217075001, received 2024-10-11.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
EMPOWER ADVISORY GROUP, LLCINVESTMENT MGMT 28 Investment management $4,714no
EMPOWER ANNUITY INSURANCE COMPANY OrecordkeeperRECORDKEEPER 64 Recordkeeping fees $1,280yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20241011063302NAL0012217075001, received 2024-10-11.

No filing for the previous plan year is in the data, so there is no year-over-year comparison.

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Sponsor name as filed: ANOKIWAVE, INC.; SEC registrant: ANOKIWAVE, INC. (CIK 1636425, matched by EIN).