Retirement plan

ATOS SYNTEL INC. 401(K) PLAN

Name: ATOS SYNTEL INC. - ATOS SYNTEL INC. 401(K) PLAN (2024) Form 5500
Creator: ATOS SYNTEL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATOS SYNTEL INC. 401(K) PLAN, ATOS SYNTEL INC.

ATOS SYNTEL INC.EIN 83-4284670Plan #001PY 2024

525 EAST BIG BEAVER ROAD, SUITE 300 - TROY, MI 48083682-978-8622LinkedIn10001+ employeesinformation technology and services

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$57.1M

+11.7% from 2023

Total participants

1,596

-23.9% from 2023

Average account balance

$55,230

+15.6% from 2023

Annual return

18.58%

-8.31 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.05M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

1,033

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.

40.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$83,701
USI CONSULTING GROUP4+ years Filed as: USI ADVISORS,INC. Service code 99 · EIN 06-1397347	Other Fees	$28,500
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$22,367

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$106K

$112 / participant

Investment mgmt$23K21.8%
Contract admin$82K76.9%
Other / not subdivided$1K1.3%

% of EOY assets

0.186%

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: HARPER & PEARSON P. C.
Auditor EIN: 741695589
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,230

$106,230-48.0%

$147,080-62.4%

$77,736-29.0%

Participation rate

40.5%

78.4%-37.8pp

82.2%-41.6pp

70.6%-30.0pp

Annual return

18.58%

56.91%-38.3pp

420.17%-401.6pp

31.26%-12.7pp

Employer contribution / active EE

$1,732

$4,072-57.5%

$4,933-64.9%

$2,728-36.5%

Participant deferral / active EE

$7,067

$8,001-11.7%

$8,066-12.4%

$4,651+52.0%

Admin fee / account holder

$103

$338-69.7%

$12,989-99.2%

$433-76.3%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$83,701

USI CONSULTING GROUP4+ years

Filed as: USI ADVISORS,INC.

Service code 99 · EIN 06-1397347

Other Fees

$28,500

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$22,367

ATOS SYNTEL INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATOS SYNTEL INC. 401(K) 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