Plan Snapshot
- Plan Sponsor: Genesys Cloud Services, INC.
- Sponsor EIN: 943120525
- Sponsor Address: 1302 EL CAMINO REAL, MENLO PARK, CA, 94025
- Plan Type: 401(k)
- Total Participants: 2,773
- Total Assets: $672.8M
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 | 2,773 | $672.8M | $8.9M | $41.5M |
| 2023 | 2,678 | $587.1M | $8.8M | $37.5M |
| 2022 | 2,709 | $493.6M | $9.9M | $42.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $242,664 | — | $242,664 |
| MORGAN STANLEY DOMESTIC HOLDINGS, | INVESTMENT ADVISOR | $105,000 | — | $105,000 |
| FORVIS MAZARS, LLP | ACCOUNTANT/AUDITOR | $20,050 | — | $20,050 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- MORGAN STANLEY DOMESTIC HOLDINGS, — INVESTMENT ADVISOR
- FORVIS MAZARS, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $367,714
- Estimated Expense Ratio: 0.055% 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 | $363,797 | $347,664 | $600 | $20,050 | — |
| 2023 | $449,486 | $393,602 | $900 | $10,500 | — |
| 2022 | $448,666 | $261,280 | — | — | — |