Retirement plan

INFOSYS LIMITED TAX SAVING 401(K) PROFIT SHARING PLAN

Name: INFOSYS LIMITED - INFOSYS LIMITED TAX SAVING 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: INFOSYS LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFOSYS LIMITED TAX SAVING 401(K) PROFIT SHARING PLAN, INFOSYS LIMITED

INFOSYS LIMITEDEIN 58-1760235Plan #001PY 2017

6100 TENNYSON PARKWAY SUITE 200 - PLANO, TX 75024469-229-9467

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$116.8M

-21.7% from 2016

Total participants

26,896

-0.6% from 2016

Average account balance

$25,311

-28.7% from 2016

Annual return

18.42%

-12.79 pp from 2016

Benchmarks

See 70 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort70 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$105.94M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

3,179

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.

19.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-7

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 3 by compensation

Provider	Service type	Compensation
SAMMONS SECURITIES CO LLC1 year Filed as: SAMMONS SECURITIES COMPANY LLC Service code 27 · EIN 74-3010408	Advisory (Plan)	$48,167
MONTGOMERY COSCIA2 years Service code 10 · EIN 75-2919818	Accounting	$12,422
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$2,075

Plan features & details

Pension benefit codes2F2G2J2K2T3D3F3H

Plan features

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$3 / participant

Other / not subdivided$64K100.0%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MONTGOMERY COSCIA GREILICH LLP
Auditor EIN: 752919818
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,311

$80,506-68.6%

$136,298-81.4%

$80,976-68.7%

Participation rate

12.1%

61.9%-49.8pp

81.9%-69.8pp

68.3%-56.2pp

Annual return

18.42%

27.70%-9.3pp

5156.27%-5137.9pp

22.91%-4.5pp

Employer contribution / active EE

$1,943-100.0%

$4,696-100.0%

$2,402-100.0%

Participant deferral / active EE

$781

$4,601-83.0%

$6,247-87.5%

$3,848-79.7%

Admin fee / account holder

$14

$72-80.8%

$9,244-99.9%

$67-79.5%

Provider

Service type

Compensation

SAMMONS SECURITIES CO LLC1 year

Filed as: SAMMONS SECURITIES COMPANY LLC

Service code 27 · EIN 74-3010408

Advisory (Plan)

$48,167

MONTGOMERY COSCIA2 years

Service code 10 · EIN 75-2919818

Accounting

$12,422

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$2,075

INFOSYS LIMITED TAX SAVING 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INFOSYS LIMITED TAX SAVING 401(K) PROFIT SHARING PLAN

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