Retirement plan

MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN

Name: MICROSOFT CORPORATION - MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN (2024) Form 5500
Creator: MICROSOFT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN, MICROSOFT CORPORATION

MICROSOFT CORPORATIONEIN 91-1144442Plan #001PY 2024

ONE MICROSOFT WAY - REDMOND, WA 908526399425-882-8080microsoft.comLinkedIn10001+ employeescomputer software

Prospect flagsHigh assets / participant

Top hat statement on fileNQDC

Filed January 12, 2006 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$65646M

+23.3% from 2023

Total participants

183,509

+3.4% from 2023

Average account balance

$369,032

+19.4% from 2023

Annual return

21.04%

-9.03 pp from 2023

Benchmarks

See 39 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants>=10,000

Cohort39 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$65.65B

Not enough data

1 years with asset history on file

Average account balance

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

$369K

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.

177,887

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.15B

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+21.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
RUSSELL TRUST COMPANY10+ years Filed as: RUSSELL INVESTMENTS Service code 28 · EIN 91-1175092	Investment Management	$13,313,150
ARTISAN PARTNERS5 years Filed as: ARTISAN PARTNERS LIMITED PARTNERSHI Service code 28 · EIN 30-0551775	Investment Management	$9,583,450
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$3,520,925
PIMCO FUNDS10+ years Filed as: PIMCO Service code 28 · EIN 33-0629048	Investment Management	$2,102,164
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$1,503,512
DIMENSIONAL FUND ADVISORS10+ years Service code 28 · EIN 30-0447847	Investment Management	$1,367,280
SILVERCREST ASSET MANAGEMENT GROUP2 years Service code 28 · EIN 13-4194623	Investment Management	$820,837
ARIEL INVESTMENTS, LLC2 years Filed as: ARIEL INVESTMENTS Service code 28 · EIN 02-0712418	Investment Management	$328,560

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2R2T3H

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.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$32.3M

$261 / participant

Investment mgmt$32M98.5%
Salaries / allowances$33K0.1%
Contract admin$96K0.3%
Other / not subdivided$364K1.1%

% of EOY assets

0.049%

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: DELOITTE & TOUCHE, LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$369,032

$167,668+120.1%

$100,392+267.6%

$106,553+246.3%

Participation rate

95.5%

87.6%+7.9pp

81.5%+14.0pp

69.8%+25.6pp

Annual return

21.04%

18.33%+2.7pp

49.45%-28.4pp

17.37%+3.7pp

Employer contribution / active EE

$9,360

$4,908+90.7%

$3,941+137.5%

$3,359+178.7%

Participant deferral / active EE

$24,163

$11,427+111.5%

$8,090+198.7%

$5,562+334.4%

Admin fee / account holder

$181

$94+93.4%

$7,904-97.7%

$80+127.8%

Provider

Service type

Compensation

RUSSELL TRUST COMPANY10+ years

Filed as: RUSSELL INVESTMENTS

Service code 28 · EIN 91-1175092

Investment Management

$13,313,150

ARTISAN PARTNERS5 years

Filed as: ARTISAN PARTNERS LIMITED PARTNERSHI

Service code 28 · EIN 30-0551775

Investment Management

$9,583,450

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$3,520,925

PIMCO FUNDS10+ years

Filed as: PIMCO

Service code 28 · EIN 33-0629048

Investment Management

$2,102,164

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$1,503,512

DIMENSIONAL FUND ADVISORS10+ years

Service code 28 · EIN 30-0447847

Investment Management

$1,367,280

SILVERCREST ASSET MANAGEMENT GROUP2 years

Service code 28 · EIN 13-4194623

Investment Management

$820,837

ARIEL INVESTMENTS, LLC2 years

Filed as: ARIEL INVESTMENTS

Service code 28 · EIN 02-0712418

Investment Management

$328,560

MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN

Top hat statement on fileNQDC

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