Adtran Networks North America Inc. 401(K) Plan — Form 5500 plan (Adtran Networks North America 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, Adtran Networks North America Inc. 401(K) Plan is a benefit plan reported by Adtran Networks North America Inc. under EIN 77-0546619 and plan number 001. The latest loaded filing year is 2023. The filing reports 618 participants and $116,557,282 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Adtran Networks North America Inc.
- EIN
- 77-0546619
- Plan number
- 001
- Plan type
- 2
- Location
- Norcross, GA
- Latest filing year
- 2023
- Participants
- 618
- End-of-year plan assets
- $116,557,282
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 618 | H, C | 20241014163009NAL0015295555001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $116,557,282
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $116,557,282
- Net assets (BOY)
- $107,071,154
Income & contributions
- Employer contributions
- $763,233
- Participant contributions
- $6,133,632
- Total contributions
- $7,130,347
- Total income / additions
- $26,222,925
Expenses & distributions
- Benefits paid
- $16,536,692
- Administrative expenses
- $200,105
- Total expenses
- $16,736,797
- Net increase / (decrease)
- $9,486,128
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $200,104 | $0 | 2023 |
| Ifg Advisory, LLC | INVESTMENT ADVISORY | $0 | $98,546 | 2023 |