# Mphasis Corporation 401(k) Plan
Source: https://planprovider.pro/companies/mphasis-corporation-401k-plan

> Mphasis Corporation&#39;s 401(k) plan: 3,748 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/morgan-stanley) — INVESTMENT ADVISORY

- [LBMC, PC](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/mphasis-corporation-401k-plan)

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