Retirement plan

SAILPOINT TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST

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

SAILPOINT TECHNOLOGIES, INC.EIN 90-0187685Plan #001PY 2024

11305 FOUR POINTS DR # 100 - AUSTIN, TX 78726512-346-2000

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$195.1M

+33.5% from 2023

Total participants

1,972

+0.6% from 2023

Average account balance

$104,760

+33.2% from 2023

Annual return

21.62%

-6.60 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$195.06M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

1,862

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+21.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$126,781
CAPFINANCIAL PARTNERS LLC4 years Service code 27 · EIN 26-0058143	Advisory (Plan)	$74,948
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$58,617
KBFALK, PLLC2 years Service code 10 · EIN 82-3097971	Accounting	$12,000

Plan features & details

Pension benefit codes2G2J2T2E3D2R2F

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

Expense breakdown

Schedule H Part II

Admin total

$272K

$171 / participant

Recordkeeping$126K46.3%
Investment mgmt$134K49.1%
Contract admin$3000.1%
Other / not subdivided$12K4.4%

% of EOY assets

0.139%

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: KBFALK, PLLC
Auditor EIN: 823097971
Audit fees: $12,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,760

$122,128-14.2%

$147,117-28.8%

$200,096-47.6%

Participation rate

93.1%

78.2%+14.9pp

82.2%+10.9pp

72.0%+21.1pp

Annual return

21.62%

30.58%-9.0pp

420.54%-398.9pp

34.26%-12.6pp

Employer contribution / active EE

$4,558

$4,093+11.4%

$4,932-7.6%

$3,038+50.0%

Participant deferral / active EE

$15,735

$8,484+85.5%

$8,065+95.1%

$5,090+209.2%

Admin fee / account holder

$146

$180-18.7%

$12,993-98.9%

$269-45.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$126,781

CAPFINANCIAL PARTNERS LLC4 years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$74,948

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$58,617

KBFALK, PLLC2 years

Service code 10 · EIN 82-3097971

Accounting

$12,000

SAILPOINT TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAILPOINT TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST

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