Retirement plan

SOFTERWARE, INC. 401(K) PROFIT SHARING PLAN AND TR

Name: SOFTERWARE, INC. - SOFTERWARE, INC. 401(K) PROFIT SHARING PLAN AND TR (2024) Form 5500
Creator: SOFTERWARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOFTERWARE, INC. 401(K) PROFIT SHARING PLAN AND TR, SOFTERWARE, INC.

SOFTERWARE, INC.EIN 23-2212753Plan #001PY 2024

601 OFFICE CENTER DRIVE, SUITE 200 - FORT WASHINGTON, PA 19034215-648-4406softerware.comLinkedIn201-500 employeescomputer software

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$36.5M

+18.7% from 2023

Total participants

199

0.0% from 2023

Average account balance

$196,198

+18.7% from 2023

Annual return

15.56%

-2.79 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$36.49M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$196K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

186

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.56%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$38

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081	Recordkeeping	$7,108

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$7K

$47 / participant

Recordkeeping$3K48.8%
Trustee / custodial$4K51.2%

% of EOY assets

0.019%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$196,198

$101,499+93.3%

$147,005+33.5%

$74,546+163.2%

Participation rate

91.3%

75.5%+15.8pp

82.2%+9.2pp

67.2%+24.1pp

Annual return

15.56%

8732.34%-8716.8pp

418.76%-403.2pp

1366.03%-1350.5pp

Employer contribution / active EE

$3,116

$3,811-18.2%

$4,934-36.8%

$2,624+18.7%

Participant deferral / active EE

$9,516

$7,304+30.3%

$8,070+17.9%

$4,347+118.9%

Admin fee / account holder

$38

$1,748-97.8%

$13,006-99.7%

$1,944-98.0%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.5 years

Service code 15 · EIN 45-6062081

Recordkeeping

$7,108

SOFTERWARE, INC. 401(K) PROFIT SHARING PLAN AND TR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOFTERWARE, INC. 401(K) PROFIT SHARING PLAN AND TR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion