Plan Ledger DOL Form 5500 · updated monthly

Conduent Business Services, LLC401(k)

CONDUENT SAVINGS PLAN · FLORHAM PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.06%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Conduent Business Services, LLC reported $565,665 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $74 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.09% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 67th-largest of 2,419 plans among New Jersey employers on file, and the 183rd of 11,654 in professional & technical services. In 2024, employees put in $28.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,009,636,762
Participants with balances19,434
Active participants20,831
Employer contributions$1,535,475
Employee contributions$43,029,079
Employer contribution per active participant$74
Average account balance$51,952
Benefits paid to participants$168,794,894
Plan auditQualified audit opinion
AuditorHEXT & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 19,434 accts · $1.5M emplr
2023$1.0B · 20,617 accts · $5.6M emplr
2022$982.0M · 21,610 accts · $5.6M emplr
Administrative expenses, itemized · 2024
Investment management$68,924
Total administrative$565,665
The Conduent Business Services, LLC 401(k) match · 2024
Employer contribution per active participant$74
Median for plans this size$5,259
2024$74 per active participant
2023$237 per active participant
2022$243 per active participant

Conduent Business Services, LLC's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
CONDUENT HR SERVICS, LLC · Recordkeeping$312,418
THE BANK OF NEW YORK MELLON · Trustee (directed) · Investment management$211,603
RBC · Investment advisory (plan)$105,000
HEXT & ASSOCIATES, P.C. · Accounting / audit$66,363
MILLIMAN · Consulting$36,283

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024CONDUENT HR SERVICS, LLC
2023CONDUENT HR SERVICS, LLC

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Administrative cost history3
2024$565,665 · 0.06%
2023$1,020,537 · 0.10%
2022$950,748 · 0.09%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Shi International Corp NJ$850.2M · 0.07%
Wipro Limited NJ$831.2M · 0.12%
Cohnreznick LLP NJ$751.1M · 0.06%
Nice Systems, Inc. NJ$545.1M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320293031 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.