Plan Snapshot
- Plan Sponsor: Verint Systems INC.
- Sponsor EIN: 113200514
- Sponsor Address: 225 BROADHOLLOW ROAD, MELVILLE, NY, 11747
- Plan Type: 401(k)
- Total Participants: 1,385
- Total Assets: $415.4M
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. |
|---|---|---|---|---|
| 2024 | 1,385 | $415.4M | $2.4M | $20.1M |
| 2023 | 1,351 | $362.0M | $2.4M | $19.5M |
| 2022 | 1,510 | $310.7M | $2.6M | $20.2M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $84,333 | — | $84,333 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $24,664 | — | $24,664 |
| CURCIO WEBB | CONSULTANT | $15,000 | — | $15,000 |
| BORIS BENIC AND ASSOCIATES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BORIS BENIC AND ASSOCIATES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,997
- Estimated Expense Ratio: 0.030% 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 | $125,197 | $84,333 | $1,200 | — | — |
| 2023 | $129,638 | $106,312 | $900 | — | — |
| 2022 | $115,925 | $96,513 | — | — | — |