Retirement plan

GENESYS RETIREMENT SAVINGS PLAN

Name: GENESYS CLOUD SERVICES, INC. - GENESYS RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: GENESYS CLOUD SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENESYS RETIREMENT SAVINGS PLAN, GENESYS CLOUD SERVICES, INC.

GENESYS CLOUD SERVICES, INC.EIN 94-3120525Plan #001PY 2023

1302 EL CAMINO REAL, SUITE 300 - MENLO PARK, CA 94025415-437-1100

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$587.1M

-12.3% from 2016

Total participants

3,963

-0.6% from 2016

Average account balance

$160,767

-8.3% from 2016

Annual return

22.06%

-6.63 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$672.83M

Not enough data

1 years with asset history on file

Average account balance

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

$185K

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.

3,628

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+18.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$270,572
BEACON POINTE ADVISORS LLC6 years Filed as: BEACON POINTE ADVISORS Service code 27 · EIN 68-0488677	Advisory (Plan)	$117,323
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$46,751
FORVIS, LLP1 year Filed as: FORVIS MAZARS, LLP Service code 10 · EIN 44-0160260	Accounting	$10,500
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY DOMESTIC HOLDINGS, Service code 27 · EIN 20-8764829	Advisory (Plan)	$5,707

Plan features & details

Pension benefit codes2F2G2J2K2T3H3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$449K

$168 / participant

Recordkeeping$44K9.9%
Investment mgmt$394K87.6%
Contract admin$9000.2%
Other / not subdivided$11K2.3%

% of EOY assets

0.077%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $10,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$160,767

$107,415+49.7%

$135,998+18.2%

$80,187+100.5%

Participation rate

88.4%

78.0%+10.4pp

81.9%+6.5pp

72.9%+15.4pp

Annual return

22.06%

91.99%-69.9pp

68.37%-46.3pp

40.40%-18.3pp

Employer contribution / active EE

$3,283

$3,878-15.3%

$4,860-32.4%

$2,980+10.2%

Participant deferral / active EE

$13,992

$8,189+70.9%

$7,761+80.3%

$5,016+178.9%

Admin fee / account holder

$123

$127-3.1%

$10,769-98.9%

$145-15.1%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$270,572

BEACON POINTE ADVISORS LLC6 years

Filed as: BEACON POINTE ADVISORS

Service code 27 · EIN 68-0488677

Advisory (Plan)

$117,323

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$46,751

FORVIS, LLP1 year

Filed as: FORVIS MAZARS, LLP

Service code 10 · EIN 44-0160260

Accounting

$10,500

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY DOMESTIC HOLDINGS,

Service code 27 · EIN 20-8764829

Advisory (Plan)

$5,707

GENESYS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENESYS RETIREMENT SAVINGS 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