Retirement plan

SOFTWARE ONE, INC. 401(K) PROFIT SHARING PLAN

Name: SOFTWARE ONE, INC. - SOFTWARE ONE, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SOFTWARE ONE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOFTWARE ONE, INC. 401(K) PROFIT SHARING PLAN, SOFTWARE ONE, INC.

SOFTWARE ONE, INC.EIN 39-1501504Plan #001PY 2023

320 EAST BUFFALO STREET, SUITE 200 - MILWAUKEE, WI 53202262-317-5565softwareconnect.comLinkedIn11-50 employeesinformation technology and services

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$44.2M

+32.9% from 2022

Total participants

599

+10.9% from 2022

Average account balance

$78,173

+12.5% from 2022

Annual return

25.16%

+42.77 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.01M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

598

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$62,847
DENALI WEALTH MANAGEMENT8 years Service code 27 CARL VALIMONT · MEQUON, WI 53092	Advisory (Plan)	$59,732
BLUE CHIP RETIREMENT PLANS, INC.9+ years Service code 13	Contract Administrator	$10,000
BLUE CHIP RETIREMENT PLANS, INC.9+ years Filed as: BLUE CHIP RETIREMENT PLANS Service code 13 6737 WEST WASHINGTON, # 1105 · MILWAUKEE, WI 53214	Contract Administrator	$9,075

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$130K

$302 / participant

Recordkeeping$58K44.4%
Investment mgmt$55K42.2%
Contract admin$18K13.5%

% of EOY assets

0.295%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LUCIDA LLC
Auditor EIN: 873817309
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,173

$95,417-18.1%

$135,974-42.5%

$74,460+5.0%

Participation rate

92.4%

78.2%+14.1pp

81.9%+10.4pp

70.7%+21.6pp

Annual return

25.16%

32.76%-7.6pp

68.30%-43.1pp

34.38%-9.2pp

Employer contribution / active EE

$4,490

$3,878+15.8%

$4,859-7.6%

$2,638+70.2%

Participant deferral / active EE

$10,883

$7,789+39.7%

$7,760+40.2%

$4,530+140.2%

Admin fee / account holder

$230

$266-13.5%

$10,767-97.9%

$348-33.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$62,847

DENALI WEALTH MANAGEMENT8 years

Service code 27

CARL VALIMONT · MEQUON, WI 53092

Advisory (Plan)

$59,732

BLUE CHIP RETIREMENT PLANS, INC.9+ years

Service code 13

Contract Administrator

$10,000

BLUE CHIP RETIREMENT PLANS, INC.9+ years

Filed as: BLUE CHIP RETIREMENT PLANS

Service code 13

6737 WEST WASHINGTON, # 1105 · MILWAUKEE, WI 53214

Contract Administrator

$9,075

SOFTWARE ONE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOFTWARE ONE, INC. 401(K) PROFIT SHARING PLAN

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