Plan Snapshot
- Plan Sponsor: Virtusa Corporation
- Sponsor EIN: 043512883
- Sponsor Address: 132 TURNPIKE, SOUTHBOROUGH, MA, 01772
- Plan Type: 401(k)
- Total Participants: 2,675
- Total Assets: $166.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 2,675 | $166.2M | $5.1M | $17.0M |
| 2023 | 3,407 | $138.9M | $4.4M | $16.8M |
| 2022 | 3,494 | $107.0M | $4.1M | $15.8M |
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 |
|---|---|---|---|---|
| MATTHEW J BERNIER CPA LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $55,151 | — | — | — | — |
| 2023 | $214,593 | $39,998 | $174,595 | — | — |
| 2022 | $196,175 | $40,000 | $156,175 | — | — |