Ttec Services 401(k) match, vesting and fees
What Ttec Services' 401(k) plan says about matching contributions
The Company may elect to contribute an amount as a quarterly discretionary matching contribution. For the year ended December 31, 2024, the Company contributed 50% of the first 6% of eligible compensation a participant contributed to the Plan as a discretionary matching contribution.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Match vesting | Participants are vested immediately in their contributions, plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of continuous service. A participant is 25% vested after one year of credited service, 50% vested after two years of credited service, and 100% vested after three years of credited service. | Audit report, p. 30 ↗ |
| Roth contributions | The Plan allows participants to designate contributions as Roth contributions. | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their fund accounts, a minimum of $3,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance reduced by the highest outstanding note balance in their account during the prior twelve-month period. | Audit report, p. 30 ↗ |
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 94 defined-contribution plans in professional, scientific, and technical services with 10,000 to 49,999 participants.
| Ttec Services: employer contribution per participant | $789 | |
| Peer median | $2,636 |
| Ttec Services: average balance | $28,899 | |
| Peer median | $138,100 |
| Ttec Services: admin expenses ÷ assets | 0.26% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $319M at the end of plan year 2023 to $344M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 22,761 | $344M | $9.4M | $789 | 0.26% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 27,396 | $319M | $12.2M | $731 | 0.43% | Not published | Form 5500 ↗ |
Common questions
Does Ttec Services match 401(k) contributions?
The audit report attached to the Ttec 401(k) Profit Sharing Plan's plan year 2024 Form 5500, page 29 says: “The Company may elect to contribute an amount as a quarterly discretionary matching contribution. For the year ended December 31, 2024, the Company contributed 50% of the first 6% of eligible compensation a participant contributed to the Plan as a discretionary matching contribution.” Plan terms may have changed; check your current Summary Plan Description.
When is the Ttec Services 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 30 says: “Participants are vested immediately in their contributions, plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of continuous service. A participant is 25% vested after one year of credited service, 50% vested after two years of credited service, and 100% vested after three years of credited service.”
Who manages the Ttec Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Ttec Services Corporation.
I left Ttec Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ttec Services Corporation, (303) 397-8100) or the recordkeeper, T Rowe Price Rps Inc. The Ttec Services old 401(k) page lists the contacts from every plan filing. Find an old Ttec Services 401(k)
Data from the public Form 5500 annual reports Ttec Services filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ttec Services. Not financial advice. Report a correction · Methodology