Plan Snapshot
- Plan Sponsor: Conduent Business Services, LLC
- Sponsor EIN: 320293031
- Sponsor Address: 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK, NJ, 07932
- Plan Type: 401(k)
- Total Participants: 20,831
- Total Assets: $1.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 20,831 | $1.0B | $1.5M | $43.0M |
| 2023 | 23,403 | $1.0B | $5.6M | $47.4M |
| 2022 | 22,816 | $982.6M | $5.6M | $47.4M |
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 |
|---|---|---|---|---|
| CONDUENT HR SERVICS, LLC | SELF | $312,418 | — | $312,418 |
| THE BANK OF NEW YORK MELLON | NONE | $211,603 | — | $211,603 |
| RBC | NONE | $105,000 | — | $105,000 |
| HEXT & ASSOCIATES, P.C. | NONE | $66,363 | — | $66,363 |
| MILLIMAN | NONE | $36,283 | — | $36,283 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $731,667
- Estimated Expense Ratio: 0.072% of plan assets
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 |
|---|---|---|---|---|---|
| 2024 | $565,665 | $68,924 | — | — | — |
| 2023 | $1,020,537 | $52,478 | — | — | — |
| 2022 | $950,748 | — | — | — | $840,082 |