Employers › Majesco
Recordkeeping fees per participant · Majesco 401(k) Plan · plan year 2024
$114.02
Higher than 80% of the 5,847 plans $50 to 250M that report it.
= $84,036 / 737
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006050335NAL0003038865001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006050335NAL0003038865001, received 2025-10-06
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-06.
Administrative expenses excluding investment management, per participant
$114.02
Higher than 61% of the 8,758 plans $50 to 250M that report it.
= $84,036 / 737
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006050335NAL0003038865001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006050335NAL0003038865001, received 2025-10-06
Administrative expenses per participant
$181.91
Higher than 66% of the 9,042 plans $50 to 250M that report it.
= $134,070 / 737
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006050335NAL0003038865001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006050335NAL0003038865001, received 2025-10-06
Administrative expenses as a share of assets
0.206%
Higher than 71% of the 9,049 plans $50 to 250M that report it.
= $134,070 / $64,954,095
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006050335NAL0003038865001, received 2025-10-06
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006050335NAL0003038865001, received 2025-10-06
Employer contributions per participant
$1,869
Higher than 29% of the 9,105 plans $50 to 250M that report it.
= $1,377,654 / 737
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006050335NAL0003038865001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006050335NAL0003038865001, received 2025-10-06
Employer share of total contributions
11.2%
Higher than 5% of the 9,112 plans $50 to 250M that report it.
= $1,377,654 / $12,268,363
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006050335NAL0003038865001, received 2025-10-06
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006050335NAL0003038865001, received 2025-10-06
Plan terms are described in Majesco's SEC filings: Form 10-K filed 2020-07-08. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251006050335NAL0003038865001, received 2025-10-06
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MAJESCO | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Plan name | MAJESCO 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Sponsor EIN / plan number | 77-0309142 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Sponsor location | MORRISTOWN, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Industry (business code) | 518210, Information | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Filing received | 2025-10-06 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Participants, beginning of year | 698 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Active participants | 526 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Participants, end of year | 772 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Participants with an account balance | 737 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Total assets, beginning of year | $48,751,939 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Total assets, end of year | $64,954,095 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Net assets, end of year | $64,954,095 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Total income | $20,108,049 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Net income | $16,202,156 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Employer contributions | $1,377,654 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Participant contributions | $7,205,383 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Other contributions (incl. rollovers) | $3,685,326 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Total contributions | $12,268,363 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Benefit payments | $3,758,473 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Total expenses (incl. benefit payments) | $3,905,893 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Total administrative expenses | $134,070 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Recordkeeping fees | $84,036 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Investment advisory and management fees | $50,034 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Administrative expenses excluding investment management | $84,036 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Held in common/collective trusts | $2,066,206 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Held in mutual funds | $62,335,475 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251006050335NAL0003038865001, received 2025-10-06 |
| Independent auditor | WISS & COMPANY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251006050335NAL0003038865001, received 2025-10-06 |
Position = column in the DOL layout for form year 2024. Filing 20251006050335NAL0003038865001, received 2025-10-06.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ADP, INC.recordkeeper | RECORD KEEPER | 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees | $84,036 | yes |
| WELLS FARGO ADVISORS FINANCIAL NETWrecordkeeper | INVESTMENT/FINANCIAL ADVI | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 49 Other services; 50 Direct payment from the plan; 64 Recordkeeping fees; 99 Other fees | $50,034 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251006050335NAL0003038865001, received 2025-10-06.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $48,751,939 | $64,954,095 | 33.2% |
| Participants with a balance | 631 | 737 | 16.8% |
| Administrative expenses | $118,850 | $134,070 | 12.8% |
| Recordkeeping fees per participant | $109.11 | $114.02 | 4.5% |
| Employer contributions | $1,168,183 | $1,377,654 | 17.9% |
Prior filing 20241010100015NAL0020791873001, received 2024-10-10; the plan years are contiguous.
Sponsor name as filed: MAJESCO; SEC registrant: Majesco (CIK 1626853, matched by EIN).