Plan Ledger DOL Form 5500 · updated monthly

Ltimindtree Limited401(k)

LTIMINDTREE LIMITED 401(K) PROFIT SHARING PLAN & TRUST · EDISON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Ltimindtree Limited reported $593,584 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,663 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 rose from 0.32% to 0.42%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 219th-largest of 2,419 plans among New Jersey employers on file, and the 783rd of 11,654 in professional & technical services. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has grown from 3,222 to 6,335 since 2022.

Plan summary
Net assets, end of year$207,078,808
Participants with balances4,827
Active participants6,335
Employer contributions$16,867,136
Employee contributions$37,277,825
Employer contribution per active participant$2,663
Average account balance$42,900
Benefits paid to participants$18,763,242
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$207.1M · 4,827 accts · $16.9M emplr
2023$72.6M · 2,376 accts · $9.8M emplr
2022$36.7M · 1,876 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$428,562
Investment management$165,022
Total administrative$593,584
The Ltimindtree Limited 401(k) match · 2024
Employer contribution per active participant$2,663
Median for plans this size$3,635
2024$2,663 per active participant
2023$2,443 per active participant

Ltimindtree Limited's 2024 employer contribution ran below the $3,635 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 · 20246
VOYA INSTITUTIONAL PLAN SERVICES · Recordkeeping · Loan processing$127,697
KESTRA ADVISORY SERVICES · Recordkeeping$67,355
WILLISTOWERSWATSON · Recordkeeping$39,042
PAYCHEX INC. · Recordkeeping$12,210
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$34,416
MERRILL LYNCH PIERCE FENNER · Investment advisory (plan)$24,210

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

Recordkeeper by year2
2024KESTRA ADVISORY SERVICES, Paychex, Voya, WILLISTOWERSWATSON
2023Paychex

This plan has changed recordkeepers within these filings. If you left Ltimindtree Limited before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$593,584 · 0.42%
2023$144,505 · 0.26%
2022$113,644 · 0.32%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Sapiens Americas Corporation NJ$225.9M · 0.09%
Archer & Greiner, P.C. NJ$215.9M · 0.12%
Topcon America Corporation NJ$206.3M · 0.08%
Exlservice Holdings, Inc. NJ$204.8M · 0.01%
Agfa Healthcare Corporation NJ$182.9M · 0.04%
Wcg Clinical, Inc. NJ$180.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223524303 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.