Plan Snapshot
- Plan Sponsor: Micro Focus Us INC.
- Sponsor EIN: 522328686
- Sponsor Address: 4555 GREAT AMERICA PARKWY, SANTA CLARA, CA, 95054
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,903
- Total Assets: $917.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 1,903 | $917.6M | $8.6M | $33.3M |
| 2022 | 2,400 | $846.7M | $10.2M | $35.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $265,677 | — | $265,677 |
| GRANT THORNTON | Other Service Provider | $40,230 | — | $40,230 |
| MERCER INVESTMENTS LLC | Investment Advisor | $26,250 | — | $26,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- MERCER INVESTMENTS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $332,157
- Estimated Expense Ratio: 0.036% 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 |
|---|---|---|---|---|---|
| 2023 | $260,948 | — | $900 | — | — |
| 2022 | $504,740 | — | — | — | — |