Plan Snapshot
- Plan Sponsor: Verifone, INC.
- Sponsor EIN: 990206064
- Sponsor Address: 817 BROADWAY, NEW YORK, NY, 10003
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,273
- Total Assets: $194.9M
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. |
|---|---|---|---|---|
| 2025 | 1,273 | $194.9M | $0 | $0 |
| 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 |
|---|---|---|---|---|
| STRATEGIC ADVISERS LLC | Investment Advisor | $69,824 | — | $69,824 |
| LPL FINANCIAL LLC | Investment Advisor | $50,000 | — | $50,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $48,174 | — | $48,174 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,998
- 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 |
|---|---|---|---|---|---|
| 2025 | $24,729,653 | $119,824 | — | — | — |
| 2024 | $152,051 | $97,714 | — | — | — |
| 2023 | $145,264 | $89,887 | $600 | — | — |
| 2022 | $155,255 | $42,546 | — | — | — |