Plan Snapshot
- Plan Sponsor: Cerence Operating Company
- Sponsor EIN: 841730382
- Sponsor Address: 25 MALL ROAD, BURLINGTON, MA, 01803
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 184
- Total Assets: $40.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 184 | $40.2M | $0 | $0 |
| 2024 | 99 | $36.9M | $496,293 | $1.8M |
| 2023 | 125 | $34.8M | $548,698 | $2.0M |
| 2022 | 145 | $30.0M | $584,629 | $2.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CARON AND BLETZER, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $4,698,142 | $1,883 | — | — | — |
| 2024 | $7,446 | $5,677 | — | — | — |
| 2023 | $7,881 | $6,400 | — | — | — |
| 2022 | $6,733 | $5,111 | — | — | — |