Plan Snapshot
- Plan Sponsor: Gen Digital INC.
- Sponsor EIN: 770181864
- Sponsor Address: 60 E. RIO SALADO PARKWAY, TEMPE, AZ, 85281
- Plan Type: 401(k)
- Total Participants: 982
- Total Assets: $1.1B
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 | 982 | $1.1B | $4.0M | $15.1M |
| 2023 | 1,270 | $995.8M | $3.2M | $16.0M |
| 2022 | 1,209 | $905.6M | $4.2M | $16.9M |
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 | $227,084 | — | $227,084 |
| MORGAN STANLEY CAPITAL MANAGEMENT, | CONSULTANT | $83,059 | — | $83,059 |
| VENABLE LLP | LEGAL | $76,494 | — | $76,494 |
| MOSS ADAMS LLP | ACCOUNTANT/AUDITOR | $47,250 | — | $47,250 |
| BAKER TILLY US LLP | Auditor | $47,250 | — | $47,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MORGAN STANLEY CAPITAL MANAGEMENT, — CONSULTANT
- VENABLE LLP — LEGAL
- MOSS ADAMS LLP — ACCOUNTANT/AUDITOR
- BAKER TILLY US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $481,137
- Estimated Expense Ratio: 0.045% 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 | $436,207 | — | $4,200 | $47,250 | — |
| 2023 | $364,439 | $2,759 | $1,200 | $34,830 | — |
| 2022 | $399,960 | -$16,096 | — | — | — |