Retirement plan

COGNIZANT TECHNOLOGY SOLUTIONS 401(K) SAVINGS PLAN

Name: COGNIZANT TECHNOLOGY SOLUTIONS - COGNIZANT TECHNOLOGY SOLUTIONS 401(K) SAVINGS PLAN (2020) Form 5500
Creator: COGNIZANT TECHNOLOGY SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COGNIZANT TECHNOLOGY SOLUTIONS 401(K) SAVINGS PLAN, COGNIZANT TECHNOLOGY SOLUTIONS

COGNIZANT TECHNOLOGY SOLUTIONSEIN 13-3924155Plan #001PY 2020

211 QUALITY CIRCLE - COLLEGE STATION, TX 77845855-789-4268

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed August 9, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1996M

-19.3% from 2021

Total participants

43,114

-5.6% from 2021

Average account balance

$46,641

-14.6% from 2021

Annual return

17.90%

-2.06 pp from 2021

Benchmarks

See 82 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort82 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.04B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$67K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

45,233

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

76.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$380.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.04%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$60

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 49 · EIN 04-1590850	Other Services	$1,462,690
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 38 · EIN 04-1590850	Participant Communication	$137,660
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$119,167
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN,LEWIS,& BOCKIUS,LLP Service code 29 · EIN 23-0891050	Legal	$22,676
MOSS ADAMS LLP1+ years Service code 10 · EIN 91-0189318	Accounting	$11,410
AB FUNDS1+ years Service code 52 · EIN 13-2625045	Indirect Investment Fees	$0
AMERICAN CENTURY1+ years Service code 52 · EIN 30-6406015	Indirect Investment Fees	$0
AMERICAN FUNDS1+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK1+ years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$52 / participant

Investment mgmt$142K8.1%
Contract admin$1M83.3%
Other / not subdivided$152K8.7%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS, LLC
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,641

$97,541-52.2%

$149,751-68.9%

$106,273-56.1%

Participation rate

99.1%

66.8%+32.2pp

82.5%+16.6pp

70.8%+28.3pp

Annual return

17.90%

24.23%-6.3pp

276.71%-258.8pp

21.70%-3.8pp

Employer contribution / active EE

$2,014

$2,504-19.6%

$4,646-56.6%

$2,722-26.0%

Participant deferral / active EE

$6,088

$6,023+1.1%

$6,843-11.0%

$4,601+32.3%

Admin fee / account holder

$41

$72-42.8%

$9,312-99.6%

$78-47.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 49 · EIN 04-1590850

Other Services

$1,462,690

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 38 · EIN 04-1590850

Participant Communication

$137,660

UBS FINANCIAL SERVICES INC1+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$119,167

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN,LEWIS,& BOCKIUS,LLP

Service code 29 · EIN 23-0891050

Legal

$22,676

MOSS ADAMS LLP1+ years

Service code 10 · EIN 91-0189318

Accounting

$11,410

AB FUNDS1+ years

Service code 52 · EIN 13-2625045

Indirect Investment Fees

AMERICAN CENTURY1+ years

Service code 52 · EIN 30-6406015

Indirect Investment Fees

AMERICAN FUNDS1+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK1+ years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

COGNIZANT TECHNOLOGY SOLUTIONS 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COGNIZANT TECHNOLOGY SOLUTIONS 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion