Comverse Technology 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2011. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Comverse Technology 401(k) Plan Facts (plan year 2011)

Plan name
COMVERSE TECHNOLOGY, INC. 401(K) RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
COMVERSE TECHNOLOGY
Participants
1,430 (662 active employees)
Former employees with a balance
660
Plan assets
$98,110,852 at Dec 31, 2011
Average account balance
$80,156 across 1,224 accounts
Employer contributions
$987,557 in plan year 2011 (13% of all contributions)
Plan year
Jan 1, 2011 – Dec 31, 2011
Plan established
Oct 1, 1989
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2011 (Jan 1, 2011 – Dec 31, 2011), filed Oct 12, 2012. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2011

  • $7.73 million went into the plan in contributions, $987,557 of it from the employer (13%).
  • $10.2 million was paid out to participants.
  • Administrative expenses were $3,695, about $3 per account.

How the Comverse Technology 401(k) changed, 2009–2011

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20091,589$90.2 million$1.46 million$7.33 million
20101,556$102.0 million$2.43 million$10.1 million
20111,430$98.1 million$987,557$10.2 million

Comverse Technology 401(k) Contact Information

Phone
781-224-8518
Mailing address
200 QUANNAPOWITT PARKWAY, WAKEFIELD MA 01880
Plan sponsor
COMVERSE TECHNOLOGY
Employer identification number (EIN)
13-3238402
Plan number
001

Questions about the Comverse Technology 401(k)

Is the Comverse Technology 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2011, and no later filing was found under this employer's EIN.

Does Comverse Technology contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2011 the employer contributed $987,557, 13% of all contributions.

Does the Comverse Technology 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Comverse Technology 401(k) plan?

1,430 participants at the start of plan year 2011, 662 of them active employees, and 660 former employees who still had money in the plan.

What is the average 401(k) balance at Comverse Technology?

About $80,156 per account: $98.1 million in plan assets across 1,224 accounts with a balance at the end of plan year 2011.

Who manages the Comverse Technology 401(k) accounts?

Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.

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