PlanOptica
Retirement plan

SAS RETIREMENT PLAN

SAS INSTITUTE INC.EIN 56-1133017Plan #001PY 2024
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SAS CAMPUS DRIVE - CARY, NC 27513919-677-8000LinkedIn10001+ employeescomputer software
Prospect flagsHigh assets / participantFailed to provide benefitCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(919) 677-8000
Plan administrator signer
CHRIS BYRON
Signed 10/01/2025
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Summary metrics

Total assets (EOY)
$3672.5M
-9.5% from 2016
Total participants
8,535
-1.8% from 2016
Average account balance
$436,989
-6.5% from 2016
Annual return
15.48%
-7.95 pp from 2016

Benchmarks

See 108 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants5,000-9,999
Cohort108 peers
Snapshot2024
Participant deferral / active EE
$16,448
median $8,000
Employer contribution / active EE
$9,403
median $2,889
Participation rate
97.9%
median 92.8%
Avg account balance
$436,989
median $109,940
Admin fee / account holder
-$114
median $67
Annual return
15.48%
median 16.00%
Overall peer rank
83rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.67B
Average account balance
Total assets / participants with a balance (line 6g)
$437K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,404
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.9%
Contributions (total)
Employer and participant dollars contributed each year
$161.96M
Contributions per participant
Average employer and participant contribution per enrolled participant
$26K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.48%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$-114
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
BDO8 years
Service code 10 · EIN 13-5381590
Accounting
$23,000
MCDERMOTT WILL & EMERY LLP1 year
Service code 29 · EIN 36-1453176
Legal
$6,080
FIDELITY INVESTMENTS INSTITUTIONAL10+ years
Service code 37 · EIN 04-2647786
Loan Processing
-$983,420

Top hat statement on fileNQDC

Filed January 7, 2025

Plan administrator

Plan administrator name— Sign in and upgrade to view
100 SAS Campus Drive
Cary, NC 27513
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • SAS Institute Inc. Nonqualified Deferred Compensation Plan159 emp
Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
-$954K
$-152 / participant
  • Legal$6K0.0%
  • Contract admin$5K0.0%
% of EOY assets
-0.026%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
BDO USA, P.C.
Auditor EIN
135381590
Audit fees
$23,000
Opinion code
Unqualified