Fortis Networks, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2016. 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.

Fortis Networks, Inc. 401(k) Plan Facts (plan year 2016)

Plan name
FORTIS NETWORKS, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FORTIS NETWORKS, INC.
Participants
148 (110 active employees)
Former employees with a balance
45
Plan assets
$861,869 at Dec 31, 2016
Average account balance
$10,260 across 84 accounts
Employer contributions
$115,546 in plan year 2016 (37% of all contributions)
Plan year
Jan 1, 2016 – Dec 31, 2016
Plan established
Jan 1, 2013
✓ 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 2016 (Jan 1, 2016 – Dec 31, 2016), filed Oct 6, 2017. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2016

  • $311,079 went into the plan in contributions, $115,546 of it from the employer (37%).
  • $131,893 was paid out to participants.
  • Investment and other income added $49,314.
  • Administrative expenses were $1,400, about $17 per account.

How the Fortis Networks, Inc. 401(k) changed, 2011–2016

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201128$10,180$0$0
201233$96,062$22,764$0
201352$239,379$26,580—
201490$437,833$58,936$2,434
2015153$633,035$71,375$15,060
2016148$861,869$115,546$131,893

Fortis Networks, Inc. 401(k) Contact Information

Phone
602-242-1200
Mailing address
4108 E. AIR LANE, PHOENIX AZ 85034
Plan sponsor
FORTIS NETWORKS, INC.
Employer identification number (EIN)
86-1002681
Plan number
001

Questions about the Fortis Networks, Inc. 401(k)

Is the Fortis Networks, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2016, and no later filing was found under this employer's EIN.

Does Fortis Networks, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2016 the employer contributed $115,546, 37% of all contributions.

Does the Fortis Networks, Inc 401(k) have automatic enrollment?

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

How many people are in the Fortis Networks, Inc 401(k) plan?

148 participants at the start of plan year 2016, 110 of them active employees, and 45 former employees who still had money in the plan.

What is the average 401(k) balance at Fortis Networks, Inc?

About $10,260 per account: $861,869 in plan assets across 84 accounts with a balance at the end of plan year 2016.

Who manages the Fortis Networks, Inc 401(k) accounts?

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

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