Plan Snapshot
- Plan Sponsor: Mphasis Corporation
- Sponsor EIN: 954759720
- Sponsor Address: 2301 MAITLAND CENTER PKWY, MAITLAND, FL, 327514128
- Plan Type: 401(k)
- Total Participants: 3,748
- Total Assets: $85.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 3,748 | $85.0M | $0 | $13.0M |
| 2023 | 5,057 | $70.0M | $0 | $12.1M |
| 2022 | 5,577 | $47.9M | $0 | $9.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $387,145 | — | $387,145 |
| MORGAN STANLEY GLOBAL | INVESTMENT ADVISORY | $156,002 | — | $156,002 |
| 401K SAFE 3(16) LLC | CONTRACT ADMINISTRATOR | — | $54,664 | $54,664 |
| LBMC, PC | ACTUARY | — | $16,500 | $16,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL — INVESTMENT ADVISORY
- LBMC, PC — ACTUARY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $614,311
- Estimated Expense Ratio: 0.723% 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 | $543,118 | $155,973 | $387,145 | — | — |
| 2023 | $436,928 | $131,582 | $305,346 | — | — |
| 2022 | $159,344 | — | $159,344 | — | — |