Sapiens Americas Corporation 401(k) Review & Grade
Sapiens Americas Corporation Employee Savings Plan
Rochelle Park, NJProfessional, Scientific & Technical Services537 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,314Employer $ per active participant
$14,190Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$204.9MNet plan assets, end of year
$240,829Average balance per account
Score breakdown
- Employer generosity19.1 / 5038th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 70th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Sapiens Americas put in about $2,314 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,242,417 |
| Participant (employee) contributions | $7,619,805 |
| Other contributions (incl. rollovers in) | $972,759 |
| Administrative expenses paid from the plan | $229,180 |
| Contract administrator fees | $172,930 |
| Investment advisory & management fees | $56,250 |
| Benefits paid out | $17,359,799 |
| Net assets, start / end of year | $186.8M / $204.9M |
| Active participants, start / end of year | 552 / 522 |
| Participants with account balances | 851 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Thomas, Judy & Tucker, P.A. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $172,930 reported compensation |
| Allied Retirement Servic | $56,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729100710NAL0003075905001, received 2025-07-29, EIN 13-3621430, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.