Retirement plan

COGNIZANT TECHNOLOGY SOLUTIONS 401(K) SAVINGS PLAN

Name: COGNIZANT TECHNOLOGY SOLUTIONS - COGNIZANT TECHNOLOGY SOLUTIONS 401(K) SAVINGS PLAN (2024) 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 2024

500 FRANK W BURR BOULEVARD - TEANECK, NJ 07666224-360-9107

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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How to read this page

Total assets (EOY)

$3043.7M

-19.3% from 2021

Total participants

54,490

-5.6% from 2021

Average account balance

$67,289

-14.6% from 2021

Annual return

15.04%

-2.06 pp from 2021

Benchmarks

See 97 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort97 peers

Snapshot2024

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,433,060
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L Service code 37 · EIN 04-3516284	Loan Processing	$548,833
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$362,490
CURCIO WEBB3 years Filed as: CURCIO WEBB, LLC Service code 70 · EIN 36-4171366	Consulting Fees	$230,000
UBS FINANCIAL SERVICES INC3 years Service code 27 PO BOX 198928 · NASHVILLE, TN 37238	Advisory (Plan)	$82,500
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP INC Service code 99 300 PRIMERA BLVD STE 200 · LAKE MARY, FL 32746	Other Fees	$42,500
MOSS ADAMS LLP5+ years Service code 10 · EIN 91-0189318	Accounting	$15,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

$2.7M

$70 / participant

Recordkeeping$2M68.2%
Investment mgmt$83K3.0%
Legal$362K13.4%
Contract admin$33K1.2%
Other / not subdivided$385K14.2%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $15,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,289

$128,169-47.5%

$147,117-54.3%

$106,553-36.8%

Participation rate

76.2%

67.3%+8.9pp

82.2%-6.0pp

69.8%+6.4pp

Annual return

15.04%

17.88%-2.8pp

420.54%-405.5pp

17.37%-2.3pp

Employer contribution / active EE

$2,925

$3,374-13.3%

$4,932-40.7%

$3,359-12.9%

Participant deferral / active EE

$6,843

$7,665-10.7%

$8,065-15.1%

$5,562+23.0%

Admin fee / account holder

$60

$88-31.8%

$12,993-99.5%

$80-24.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,433,060

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L

Service code 37 · EIN 04-3516284

Loan Processing

$548,833

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$362,490

CURCIO WEBB3 years

Filed as: CURCIO WEBB, LLC

Service code 70 · EIN 36-4171366

Consulting Fees

$230,000

UBS FINANCIAL SERVICES INC3 years

Service code 27

PO BOX 198928 · NASHVILLE, TN 37238

Advisory (Plan)

$82,500

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP INC

Service code 99

300 PRIMERA BLVD STE 200 · LAKE MARY, FL 32746

Other Fees

$42,500

MOSS ADAMS LLP5+ years

Service code 10 · EIN 91-0189318

Accounting

$15,000

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