# Open Text, INC. 401(k) Plan
Source: https://planprovider.pro/companies/open-text-inc-401k-plan-001

> Open Text, INC.'s 401(k) plan: 4,635 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Open Text, INC.

- **Sponsor EIN:** 460525483

- **Sponsor Address:** 2440 SAND HILL ROAD, MENLO PARK, CA, 94025

- **Plan Type:** 401(k)

- **Total Participants:** 4,635

- **Total Assets:** $1.9B

## 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|4,635|$1.9B|$15.1M|$71.2M|

| 2023|3,767|$980.2M|$9.1M|$50.2M|

| 2022|3,761|$849.8M|$6.2M|$47.4M|

## 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|$334,273|—|$334,273|

| MERCER|CONSULTANT|$54,942|—|$54,942|

| FINANCIAL ENGINES|ADVISOR|$52,349|—|$52,349|

| VEDDERPRICE|ATTORNEY/LEGAL|$37,099|—|$37,099|

| STRATEGIC ADVISORS, INC.|ADVISOR|$29,998|—|$29,998|

| MERCER INVESTMENTS LLC|INVESTMENT ADVISOR|$27,336|—|$27,336|

| GRANT THORNTON LLP|ACCOUNTANT/AUDITOR|$26,250|—|$26,250|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [MERCER](https://planprovider.pro/provider/marsh-mclennan-agency) — CONSULTANT

- [VEDDERPRICE](https://planprovider.pro/provider/vedder-price-pc) — ATTORNEY/LEGAL

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [GRANT THORNTON LLP](https://planprovider.pro/provider/grant-thornton-llp) — ACCOUNTANT/AUDITOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $562,247

- **Estimated Expense Ratio:** 0.029% 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|$559,810|$82,347|$2,100|$26,250|—|

| 2023|$663,925|$176,391|$1,500|$48,250|—|

| 2022|$789,763|$157,740|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/open-text-inc-401k-plan-001)

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