Plan Ledger DOL Form 5500 · updated monthly

Genesys Cloud Services, Inc.401(k)

GENESYS RETIREMENT SAVINGS PLAN · MENLO PARK, CA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Genesys Cloud Services, Inc. reported $363,797 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $3,217 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 0.08% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 193rd-largest of 9,483 plans among California employers on file, and the 262nd of 11,654 in professional & technical services. In 2024, employees put in $4.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$672,833,027
Participants with balances3,628
Active participants2,773
Employer contributions$8,920,854
Employee contributions$41,544,925
Employer contribution per active participant$3,217
Average account balance$185,456
Benefits paid to participants$71,637,502
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$672.8M · 3,628 accts · $8.9M emplr
2023$587.1M · 3,652 accts · $8.8M emplr
2022$493.6M · 3,746 accts · $9.9M emplr
Administrative expenses, itemized · 2024
Investment management$347,664
Audit (IQPA)$20,050
Total administrative$363,797
The Genesys Cloud Services, Inc. 401(k) match · 2024
Employer contribution per active participant$3,217
Median for plans this size$4,294
2024$3,217 per active participant
2023$3,283 per active participant
2022$3,672 per active participant

Genesys Cloud Services, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size. 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 · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$242,664
MORGAN STANLEY DOMESTIC HOLDINGS, · Investment advisory (plan)$105,000
FORVIS MAZARS, LLP · Accounting / audit$20,050
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,517

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

Administrative cost history3
2024$363,797 · 0.06%
2023$449,486 · 0.08%
2022$448,666 · 0.08%
Same employer
Similar plansProfessional & Technical Services · California
Arup US, Inc. CA$723.2M · 0.02%
Stripe, Inc. CA$718.1M · 0.04%
Gensler CA$717.2M · 0.07%
Fenwick & West LLP CA$686.9M · 0.01%
Fortinet, Inc. CA$628.8M · 0.04%
Docusign, Inc. CA$620.4M · 0.05%
Exponent, Inc. CA$616.3M · 0.02%
Arctera US LLC CA$615.1M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943120525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.