Plan Ledger DOL Form 5500 · updated monthly

Nice Systems, Inc.401(k)

NICE SYSTEMS, INC. 401(K) PLAN · PARAMUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Nice Systems, Inc. reported $989,990 in plan administrative expenses for 2024: 0.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,355 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 0.25% to 0.20%. 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 114th-largest of 2,419 plans among New Jersey employers on file, and the 327th of 11,654 in professional & technical services. In 2024, employees put in $3.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$545,076,337
Participants with balances4,725
Active participants3,290
Employer contributions$11,038,324
Employee contributions$36,589,216
Employer contribution per active participant$3,355
Average account balance$115,360
Benefits paid to participants$49,967,199
Plan auditUnmodified (clean) audit opinion
AuditorTRAVELLER AND COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$545.1M · 4,725 accts · $11.0M emplr
2023$469.4M · 4,540 accts · $10.1M emplr
2022$386.1M · 4,573 accts · $10.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$275,607
Investment management$700,188
Audit (IQPA)$14,195
Total administrative$989,990
The Nice Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$3,355
Median for plans this size$4,294
2024$3,355 per active participant
2023$3,188 per active participant
2022$3,234 per active participant

Nice Systems, 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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$413,963
RESOURCES INVESTMENT ADVISORS · Investment management$353,503
MORNINGSTAR INC · Investment management$207,966
TRAVELLER AND COMPANY, LLC · Accounting / audit$14,195

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$989,990 · 0.20%
2023$897,753 · 0.21%
2022$791,459 · 0.25%
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%
Mott Macdonald Group, Inc. NJ$489.4M · 0.11%
McCarter & English, LLP NJ$487.8M · 0.06%
Day Pitney LLP NJ$375.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770250126 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.