Plan5500

Cornet Technology, Inc. 401(K) Retirement Plan — Form 5500 plan (Cornet Technology, Inc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Cornet Technology, Inc. 401(K) Retirement Plan is a benefit plan reported by Cornet Technology, Inc under EIN 62-1382098 and plan number 001. The latest loaded filing year is 2023. The filing reports 137 participants and $15,964,732 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$16MPlan net assets, end of year$15,964,732
Participants137Covered participants reported
Assets / participant$116.5KComputed: assets ÷ participants$116,531 (computed)
Provider compensation$2.1K2 Schedule C provider row(s)$2,130
Plan sponsor
Cornet Technology, Inc
EIN
62-1382098
Plan number
001
Plan type
2
Location
Springfield, VA
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    137 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$16M total assets
Net assets$16MLiabilities$0
Money in vs. money out
Total income / additions$4.9M
Total expenses$4.7M
Benefits paid / distributions$4.7M
Contributions
Employer$123.5K
Participant$702.1K
Full reported line items

Net assets

Total assets (EOY)
$15,964,732
Total liabilities (EOY)
$0
Net assets (EOY)
$15,964,732
Net assets (BOY)
$15,707,483

Income & contributions

Employer contributions
$123,547
Participant contributions
$702,117
Total contributions
$825,664
Total income / additions
$4,927,898

Expenses & distributions

Benefits paid
$4,667,158
Administrative expenses
$3,491
Total expenses
$4,670,649
Net increase / (decrease)
$257,249
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 15%Participant 85%
Total expenses ÷ net assets29%Computed ratio
Benefits paid ÷ total income95%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    T Rowe Price Rps, Inc.$2.1K
    RECORD KEEPER · Direct $2.1K · Indirect $0
  2. 2
    Fidelity$0
    NONE · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the Cornet Technology, Inc. 401(K) Retirement Plan?
Cornet Technology, Inc. 401(K) Retirement Plan is reported as sponsored by Cornet Technology, Inc (EIN 62-1382098, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Cornet Technology, Inc. 401(K) Retirement Plan?
The latest Form 5500 filing year loaded for Cornet Technology, Inc. 401(K) Retirement Plan is 2023.
How many participants does Cornet Technology, Inc. 401(K) Retirement Plan report?
Cornet Technology, Inc. 401(K) Retirement Plan reports 137 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Cornet Technology, Inc. 401(K) Retirement Plan?
Cornet Technology, Inc. 401(K) Retirement Plan reports $15,964,732 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages