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FORM 5500 DATA

Intersect ENT, Inc. Retirement Trust

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2007
  • Net Assets as of 12/31/2019 $31,722,182
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants418
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits68
  • Subtotal486
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total486
  • Total number of participants as of 01/01/2019451
  • Number of participants with account balances457
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested48

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1555 Adams Drive
  • CityMenlo Park
  • StateCA
  • Zip94025
  • Telephone(650) 641-2104
  • EIN20-0280837
  • Industry Code336410
  • Named AdministratorCathlyn Mccarrell

Audit Information

  • Audit StatusAudited
  • AuditorBdo USA LLC
  • Auditor EIN13-5381590
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $13,862,835
Contributions $8,230,085
Cash Contributions $8,230,085
Cash from Employers $1,025,238
Cash from Participants $5,108,589
Others (including rollovers) $2,096,258
Noncash Contributions $0
Total Earnings on Investments $5,632,750
Total Interest $21,576
Interest-Bearing Cash $6,794
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $14,782
Interest from Other Investments $0
Total Dividends $1,053,699
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $4,557,475
Other Income $0
Expenses $3,456,290
Total Benefit Payments $3,447,689
Directly to participants or beneficiaries, including direct rollovers $3,447,689
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $5,645
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $2,956
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $2,956
Net Income $10,406,545
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $31,722,182 $21,315,637 48.82%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $156,536 $21,040 643.99%
Employer Contributions $29,175 $21,040 38.66%
Participant Contributions $127,361 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $653,904 $160,462 307.51%
Interest-bearing cash $653,904 $160,462 307.51%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $359,573 $212,929 68.87%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $30,552,169 $20,921,206 46.03%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $31,722,182 $21,315,637 48.82%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $2,956 $0 $2,956
Total $2,956 $0 $2,956

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Af Trgt Date 2010 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2015 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2020 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2025 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2030 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2035 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2040 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2045 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2050 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Af Trgt Date 2055 R4 - American Fu Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Crln E Mid Cap Gr A - U.S. Bancorp Sub-transfer agency fees 0.50% $0
Fidelity Investments Institutional Dlwr Sm Cap Val Inst - Delaware In Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Gs Core Fixed Inc Is - Goldman Sac Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional Gs Intl Eq Ins Inv - Goldman Sachs Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Metwest Low Dur Bd I - Bny Mellon Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Mfs Growth R4 - Mfs Service Center Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Mfs Value R4 - Mfs Service Center Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Oakmark Intl Inv - Dst Asset Manag Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Pif Real Est Sec Is - Principal Sh Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Tmpl Global Bond Adv - Franklin Te Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Victory S Estb Val A - Fis Investo Sub-transfer agency fees 0.50% $0
Fidelity Investments Institutional Voya Smcap Opps I - Bny Mellon Inv Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Wasatch Core Gth Inv - Umb Fund SE Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wf Spl Mid Cap Val A - Dst Asset M Sub-transfer agency fees 0.55% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

Name Nature of Service Description of Information

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Moss Adams, LLP Auditor Business Decision

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.