Ltimindtree LTD 401(k) Review & Grade
Ltimindtree LTD 401(k) Plan
Edison, NJProfessional, Scientific & Technical Services5,166 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,265Employer $ per active participant
$7,215Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$207.1MNet plan assets, end of year
$42,900Average balance per account
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost3.9 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 15th |
| Employee saving | 39th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,198,966 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $11,149 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ltimindtree put in about $3,265 per active participant, more than the typical peer ($2,951). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.42% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $16,867,136 |
| Participant (employee) contributions | $37,277,825 |
| Other contributions (incl. rollovers in) | $6,445,813 |
| Administrative expenses paid from the plan | $593,584 |
| Contract administrator fees | $17,282 |
| Investment advisory & management fees | $165,022 |
| Benefits paid out | $18,763,242 |
| Net assets, start / end of year | $72.6M / $207.1M |
| Active participants, start / end of year | 3,998 / 6,335 |
| Participants with account balances | 4,827 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Knav CPA LLP |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $127,697 reported compensation |
| Kestra Advisory Services | $67,355 reported compensation |
| Willistowerswatson | $39,042 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150544NAL0002513379001, received 2025-10-15, EIN 22-3524303, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.