401(k) · DOL Form 5500 · 2023

Converge Networks Corporation 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
11
Participants Small participant base
39th
Percentile by assets National rank
$341,277
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Cnc 401(k) Plan · Sponsored by Converge Networks Corporation · Maryland · Professional & Technical Services

$4M in assets, 11 participants

Converge Networks Corporation's Cnc 401(k) Plan reported $4M in total assets and 11 participants in its 2023 DOL Form 5500 filing, ranking in the 39th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,400 in Professional & Technical Services (20,321 peers)

Converge Networks Corporation multi-year trail

Converge Networks Corporation's plans moved +20.9% in assets from 2022 to 2024; this filing shows Cnc 401(k) Plan at $4M / 11 participants.

#7,400
in Professional & Technical Services (20,321 peers)
+12.2%
assets growth YoY

Cnc 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Cnc 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$3,754,048 39th percentile higher than 39% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Cnc 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cnc 401(k) Plan is a small filing (11 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Cnc 401(k) Plan reported net income rose from -$540K in the plan year 2022 filing to $408K in the plan year 2023 filing.
  • Cnc 401(k) Plan end-of-year assets rose from $3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Cnc 401(k) Plan reported participants fell from 12 in the plan year 2022 filing to 11 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 510420687 · Converge Networks Corporation PY 2023 · 401(k)

Cnc 401(k) Plan · $4M · 11 · 39th

  • VS-ST $4M
  • BOY 11
  • SCH 39th
  • EBSA 401(k)
  • PART near Pmi Kyoto 401(k) Plan
  • TYPE ind #7400

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Maryland →

Cnc 401(k) Plan in the asset neighbourhood

Cnc 401(k) Plan$4MPmi Kyoto 401(k) Plan$4MResponselogix, Inc. Retirement TrustResponselogix, Inc. Retireme…$4MVitamin World USA Retirement PlanVitamin World USA Retirement…$4MGielow Pickles, Inc. Employees Savings TrustGielow Pickles, Inc. Employe…$4M
End-of-year total assets ($M) among Cnc 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Converge Networks Corporation multi-year asset trail

Sponsor-wide plan assets over time

All Converge Networks Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$4M 20.88643646063759% vs 2022
2024 filing year
$3M$3.5M$4M$4.5M 202220232024 $3.35M $4.05M ▲ +20.9%
Year Plans Participants Total Assets
2022 1 12 $3M
2023 1 11 $4M
2024 1 11 $4M

Converge Networks Corporation filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$408K
Employer EIN510420687
Plan Effective Date2005-02-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Cnc 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Cnc 401(k) Plan, Total assets ($B): 0.003754048 · Participants: 11Cnc 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Cnc 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Cnc 401(k) Plan side-by-side with 3 peers →

Cnc 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Pmi Kyoto 401(k) Plan in IL ($4M); by covered participants it is True Colors International, Inc. Retirement Plan in CA (11 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4M here).

Similar participant headcount

Nearest other-state filings by covered participants (11 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Cnc 401(k) Plan assets move in 2023? ▼
Cnc 401(k) Plan grew at a solid clip - up 12.2% during 2023, from $3M to $4M. Reported net income was $408K.
How have Converge Networks Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Converge Networks Corporation's sponsor-wide assets grew 20.9%, from $3M to $4M.
Which 401(k) plans are similar in size to Cnc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pmi Kyoto 401(k) Plan in IL ($4M, 107 participants).
Which 401(k) plans cover a similar participant headcount to Cnc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is True Colors International, Inc. Retirement Plan in CA (11 participants, $863K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 510420687.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.