Fidelity NetBenefits Auditor's Guide: An Overview of Fidelity's 2024 Plan Year Reporting Package Completed Form Examples and Samples
Explore a detailed example of the Fidelity NetBenefits Auditor's Guide for the 2024 Plan Year Reporting Package. Our sample shows how to populate plan sponsor details, participant counts, contribution totals, investment fund fair market values, net asset reconciliation, and Form 5500 schedules for a 401(k) defined contribution plan. Perfect for plan auditors, HR administrators, and ERISA compliance professionals seeking a real-world Fidelity NetBenefits 2024 Plan Year Reporting Package example.
Fidelity NetBenefits Auditor's Guide 2024 Plan Year Reporting Package – Example for a Mid-Size Corporate 401(k) Plan
How this form was filled:
This example illustrates how a mid-size corporation, Meridian Technologies Inc., would populate and review the Fidelity NetBenefits 2024 Plan Year Reporting Package for its 401(k) defined contribution plan. The package covers key audit-ready fields including plan identification, participant counts, contribution totals, investment fund details, and year-end asset reconciliation as required for Form 5500 filing and ERISA compliance.
Information used to fill out the document:
- Plan Sponsor Name: Meridian Technologies Inc.
- Plan Sponsor EIN: 47-2938561
- Plan Name: Meridian Technologies Inc. 401(k) Retirement Savings Plan
- Plan Number (PN): 001
- Plan Year Begin Date: January 1, 2024
- Plan Year End Date: December 31, 2024
- Plan Type: Defined Contribution – 401(k)
- Plan Administrator Name: Sandra L. Hoffmann
- Plan Administrator Title: VP of Human Resources
- Plan Administrator Phone: (312) 555-0192
- Fidelity Contract Number: 87654-32100
- Total Active Participants (BOY): 398
- Total Active Participants (EOY): 412
- Terminated Participants with Balances: 87
- Retired or Separated Participants Receiving Payments: 23
- Total Participants EOY: 522
- Employee Elective Deferrals (Pre-Tax): $2,184,630
- Roth 401(k) Contributions: $318,450
- Employer Matching Contributions: $487,920
- Employer Profit Sharing Contributions: $113,820
- Total Contributions for Plan Year 2024: $3,104,820
- Total Distributions and Withdrawals: $1,847,360
- Plan Loans Outstanding (EOY): $612,445
- Number of Participants with Outstanding Loans: 34
- Beginning Net Assets (January 1, 2024): $46,125,450
- Net Investment Gain/(Loss) for 2024: $0
- Total Net Assets End of Year (December 31, 2024): $47,382,915
- Fidelity 500 Index Fund (FXAIX) – Year-End Fair Market Value: $18,204,310
- Fidelity Contrafund (FCNTX) – Year-End Fair Market Value: $7,841,220
- Vanguard Total Bond Market Index – Year-End Fair Market Value: $5,612,480
- Fidelity Freedom 2035 Fund – Year-End Fair Market Value: $4,388,760
- Fidelity Freedom 2045 Fund – Year-End Fair Market Value: $3,917,530
- Fidelity Stable Value Fund – Year-End Fair Market Value: $3,204,115
- Company Stock Fund: Not Offered
- Self-Directed Brokerage Account (BrokerageLink): Not Offered
- Trustee / Custodian: Fidelity Management Trust Company (FMTC)
- Recordkeeper: Fidelity Investments
- Plan Auditor Firm: Hartwell & Crane LLP, Certified Public Accountants
- Audit Threshold Met (Large Plan >100 Participants): Yes
- Form 5500 Filing Deadline (with extension): October 15, 2025
- Fidelity Reporting Package Delivery Date: February 14, 2025
- Trust Statement Period: January 1, 2024 – December 31, 2024
- Schedule of Assets (Form 5500 Schedule H, Line 4i): Included
- Schedule of Reportable Transactions (5% Rule): Included
- Schedule of Non-Exempt Transactions: None Reported
- Fidelity Plan Sponsor Webstation Access: Confirmed – Active
- NetBenefits Reporting Package Version: 2024 Plan Year v1.0
What this filled form sample shows:
- Accurate plan sponsor identification including EIN, plan number, and plan administrator details required for Form 5500 filing
- Complete participant count reconciliation distinguishing active, terminated with balances, and retired participants at both beginning and end of year
- Detailed contribution breakdown separating employee pre-tax deferrals, Roth 401(k) contributions, employer match, and profit sharing amounts
- Year-end net asset reconciliation tying beginning assets, contributions, distributions, and investment activity to the ending balance of $47,382,915
- Investment fund lineup with year-end fair market values for each fund, mapped to Schedule H, Line 4i of Form 5500
- Outstanding plan loan schedule with aggregate balance and participant count for audit verification
- Confirmation that Fidelity Management Trust Company (FMTC) serves as trustee and custodian with Fidelity as recordkeeper
- Inclusion of Schedule of Reportable Transactions (5% rule) and confirmation of no non-exempt prohibited transactions
- Notation of the Fidelity Reporting Package delivery date of February 14, 2025, supporting audit timeline planning for the October 15, 2025 Form 5500 deadline
Form specifications and details:
| Use Case: | Mid-size corporate 401(k) plan audit reporting for plan year ending December 31, 2024 |
| Plan Size Category: | Large Plan (>100 participants) – Full-scope audit required |
| Reporting Package: | Fidelity NetBenefits Auditor's Guide: An Overview of Fidelity's 2024 Plan Year Reporting Package |
| Applicable Regulation: | ERISA Section 103; Department of Labor (DOL) reporting requirements |
| Associated Tax Form: | Form 5500 – Annual Return/Report of Employee Benefit Plan |
| Key Schedules Covered: | Schedule H (Financial Information), Schedule of Assets (4i), Schedule of Reportable Transactions |
| Recordkeeper: | Fidelity Investments / Fidelity NetBenefits |
| Trustee: | Fidelity Management Trust Company (FMTC) |
| Reporting Package Delivery: | Delivered via Fidelity Plan Sponsor Webstation in February 2025 |
| Audit Firm Type: | Independent Qualified Public Accountant (IQPA) as required by ERISA |
| Number of Investment Options: | 6 core investment options (no brokerage window or company stock) |
| Loan Provisions: | Participant loans permitted; 34 outstanding loans as of December 31, 2024 |
| Fidelity Document Sections Covered: | Trust Statement, Participant Activity Report, Investment Performance Summary, Contribution Reconciliation Report, Distribution Report, Loan Report, Schedule of Assets |
Created: February 25, 2026 06:22 AM
