Plan Ledger DOL Form 5500 · updated monthly

Mphasis Corporation401(k)

MPHASIS CORPORATION 401(K) PLAN · MAITLAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.70%

Mphasis Corporation reported $543,118 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. 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 0.70%. 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 369th-largest of 3,644 plans among Florida employers on file, and the 1,755th of 11,654 in professional & technical services. active participation has shrunk from 5,577 to 3,748 since 2022.

Plan summary
Net assets, end of year$84,976,453
Participants with balances1,427
Active participants3,748
Employer contributions—
Employee contributions$13,046,620
Employer contribution per active participant—
Average account balance$59,549
Benefits paid to participants$11,792,739
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$85.0M · 1,427 accts
2023$70.0M · 1,379 accts
2022$47.9M · 1,307 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$387,145
Investment management$155,973
Total administrative$543,118
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$387,145
MORGAN STANLEY GLOBAL · Investment advisory (plan)$156,002
LBMC, PC · Actuarialindirect comp
401K SAFE 3(16) LLC · Contract administratorindirect comp

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$543,118 · 0.70%
2023$436,928 · 0.74%
2022$159,344 · 0.32%
Same employer
Similar plansProfessional & Technical Services · Florida
Kaufman, Rossin & Co., P.A. FL$91.8M · 0.24%
Greenspoon Marder, LLP FL$89.2M · 0.12%
Schellman Compliance, LLC FL$83.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954759720 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.