Plan Snapshot
- Plan Sponsor: Verifone, INC.
- Sponsor EIN: 990206064
- Sponsor Address: 817 BROADWAY, NEW YORK, NY, 10003
- Plan Type: 401(k)
- Total Participants: 540
- Total Assets: $178.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 540 | $178.2M | $2.3M | $5.4M |
| 2023 | 630 | $167.4M | $2.8M | $6.4M |
| 2022 | 681 | $145.1M | $2.5M | $5.9M |
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 | $56,207 | — | $56,207 |
| LPL FINANCIAL LLC | ADVISOR | $50,000 | — | $50,000 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $47,714 | — | $47,714 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LPL FINANCIAL LLC — ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- 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: $153,921
- Estimated Expense Ratio: 0.086% 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 | $152,051 | $97,714 | — | — | — |
| 2023 | $145,264 | $89,887 | $600 | — | — |
| 2022 | $155,255 | $42,546 | — | — | — |