Network Innovations, Inc. Dba Nitel Usa 401(k) Plan: Login, Facts & Contact Information

Network Innovations, Inc. Dba Nitel Usa 401(k) Plan Facts

Plan name
NITEL 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NETWORK INNOVATIONS, INC. DBA NITEL USA
Participants
259 (205 active employees)
Former employees with a balance
52
Plan assets
$17,604,717 at Dec 31, 2024
Average account balance
$70,419 across 250 accounts
Employer contributions
$679,325 in plan year 2024 (20% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2011
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 7, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.47 million went into the plan in contributions, $679,325 of it from the employer (20%).
  • $2.24 million was paid out to participants.
  • Investment and other income added $2.09 million.
  • Administrative expenses were $76,989, about $308 per account.

How the Network Innovations, Inc. Dba Nitel Usa 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019191$5.42 million$179,367$578,327
2020210$7.62 million$179,252$508,369
2021223$10.0 million$176,473$728,332
2022229$9.43 million$184,646$805,647
2023250$14.4 million$604,648$893,213
2024259$17.6 million$679,325$2.24 million

Network Innovations, Inc. Dba Nitel Usa 401(k) Contact Information

Phone
773-364-3179
Mailing address
350 N ORLEANS ST #1300N, CHICAGO IL 606541975
Plan sponsor
NETWORK INNOVATIONS, INC. DBA NITEL USA
Employer identification number (EIN)
36-4481206
Plan number
002

Questions about the Network Innovations, Inc. Dba Nitel Usa 401(k)

Does Network Innovations, Inc. Dba Nitel Usa contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $679,325, 20% of all contributions.

Does the Network Innovations, Inc. Dba Nitel Usa 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Network Innovations, Inc. Dba Nitel Usa 401(k) plan?

259 participants at the start of plan year 2024, 205 of them active employees, and 52 former employees who still had money in the plan.

What is the average 401(k) balance at Network Innovations, Inc. Dba Nitel Usa?

About $70,419 per account: $17.6 million in plan assets across 250 accounts with a balance at the end of plan year 2024.

Who manages the Network Innovations, Inc. Dba Nitel Usa 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Network Innovations, Inc. Dba Nitel Usa. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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