Cyient, Inc. 401(k) Review & Grade
Cyient, Inc. 401(k) Retirement Plan
Hartford, CTProfessional, Scientific & Technical Services960 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,092Employer $ per active participant
$7,187Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$89.5MNet plan assets, end of year
$45,760Average balance per account
Score breakdown
- Employer generosity10.3 / 5021th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 48th |
| Employee saving | 36th |
| 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
- Cyient put in about $1,092 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 | $1,047,993 |
| Participant (employee) contributions | $6,899,099 |
| Other contributions (incl. rollovers in) | $596,468 |
| Administrative expenses paid from the plan | $209,245 |
| Investment advisory & management fees | $13,614 |
| Benefits paid out | $11,572,533 |
| Net assets, start / end of year | $80.0M / $89.5M |
| Active participants, start / end of year | 962 / 958 |
| Participants with account balances | 1,955 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Chugh Cpas, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $139,805 reported compensation |
| Chugh Cpas, LLP | $55,826 reported compensation |
| Rocation Investment Advisors LLC | $13,614 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014082450NAL0003369008001, received 2025-10-14, EIN 33-0867496, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.