Plan Snapshot
- Plan Sponsor: Sapiens Americas Corporation
- Sponsor EIN: 133621430
- Sponsor Address: 395 WEST PASSAIC STREET, ROCHELLE PARK, NJ, 07662
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 824
- Total Assets: $225.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 824 | $225.9M | $0 | $0 |
| 2024 | 522 | $204.9M | $1.2M | $7.6M |
| 2023 | 550 | $186.8M | $1.3M | $7.4M |
| 2022 | 561 | $161.6M | $1.3M | $7.2M |
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 | Recordkeeper | $145,978 | — | $145,978 |
| ALLIANT RETIREMENT SVC | Recordkeeper | $45,000 | — | $45,000 |
| THOMAS JUDY | Other Service Provider | $8,500 | — | $8,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,478
- Estimated Expense Ratio: 0.088% 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 |
|---|---|---|---|---|---|
| 2025 | $18,178,423 | $45,000 | $145,978 | $8,500 | — |
| 2024 | $229,180 | $56,250 | $172,930 | — | — |
| 2023 | $228,105 | $75,000 | $153,105 | — | — |
| 2022 | $203,953 | $45,000 | $158,953 | — | — |