Employers › Best Software
Recordkeeping fees per participant · Sage 401(k) Plan · plan year 2024
$87.05
Higher than 89% of the 1,697 plans $250M to 1B that report it.
= $276,904 / 3,181
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006140538NAL0006211168001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006140538NAL0006211168001, received 2025-10-06
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-06.
Administrative expenses excluding investment management, per participant
$105.52
Higher than 78% of the 2,324 plans $250M to 1B that report it.
= $335,654 / 3,181
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006140538NAL0006211168001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006140538NAL0006211168001, received 2025-10-06
Administrative expenses per participant
$131.74
Higher than 75% of the 2,405 plans $250M to 1B that report it.
= $419,063 / 3,181
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006140538NAL0006211168001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006140538NAL0006211168001, received 2025-10-06
Administrative expenses as a share of assets
0.097%
Higher than 65% of the 2,407 plans $250M to 1B that report it.
= $419,063 / $432,902,912
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006140538NAL0006211168001, received 2025-10-06
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006140538NAL0006211168001, received 2025-10-06
Employer contributions per participant
$4,242
Higher than 66% of the 2,457 plans $250M to 1B that report it.
= $13,492,829 / 3,181
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006140538NAL0006211168001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006140538NAL0006211168001, received 2025-10-06
Employer share of total contributions
33.8%
Higher than 59% of the 2,459 plans $250M to 1B that report it.
= $13,492,829 / $39,962,797
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006140538NAL0006211168001, received 2025-10-06
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006140538NAL0006211168001, received 2025-10-06
Plan terms are described in Best Software Inc's SEC filings: Form 10-K filed 1999-03-24. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3B · 3D IRS pre-approved plan · 3H controlled-group sponsor · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251006140538NAL0006211168001, received 2025-10-06
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SAGE SOFTWARE INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Plan name | SAGE 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Sponsor EIN / plan number | 54-1222526 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Sponsor location | ATLANTA, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Industry (business code) | 541511, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Filing received | 2025-10-06 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Participants, beginning of year | 3,470 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Active participants | 2,030 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Participants, end of year | 3,300 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Participants with an account balance | 3,181 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Total assets, beginning of year | $392,435,531 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Total assets, end of year | $432,902,912 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Net assets, end of year | $432,902,912 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Total income | $90,838,709 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Net income | $40,467,381 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Employer contributions | $13,492,829 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Participant contributions | $23,537,034 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Other contributions (incl. rollovers) | $2,932,934 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Total contributions | $39,962,797 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Benefit payments | $49,897,558 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Total expenses (incl. benefit payments) | $50,371,328 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Total administrative expenses | $419,063 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Recordkeeping fees | $276,904 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| IQPA audit fees | $31,250 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Investment advisory and management fees | $83,409 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Administrative expenses excluding investment management | $335,654 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Held in common/collective trusts | $69,739,463 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Held in mutual funds | $353,371,577 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251006140538NAL0006211168001, received 2025-10-06 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251006140538NAL0006211168001, received 2025-10-06 |
Position = column in the DOL layout for form year 2024. Filing 20251006140538NAL0006211168001, received 2025-10-06.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | NONE | 64 Recordkeeping fees; 50 Direct payment from the plan; 15 Recordkeeping and information management; 37 Participant loan processing | $238,179 | yes |
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management; 26 Investment advisory (participants); 50 Direct payment from the plan | $82,509 | no |
| MOSS ADAMS LLP | NONE | 29 Legal; 10 Accounting (including auditing) | $31,250 | no |
| NFP RETIREMENT INC | NONE | 99 Other fees | $27,500 | no |
| QDRO CONSULTANTS COMPANY, LLC | NONE | 16 Consulting (general); 50 Direct payment from the plan | $900 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251006140538NAL0006211168001, received 2025-10-06.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $392,435,531 | $432,902,912 | 10.3% |
| Participants with a balance | 3,335 | 3,181 | -4.6% |
| Administrative expenses | $448,386 | $419,063 | -6.5% |
| Recordkeeping fees per participant | $90.95 | $87.05 | -4.3% |
| Employer contributions | $9,356,427 | $13,492,829 | 44.2% |
Prior filing 20241209161142NAL0009392097001, received 2024-12-09; the plan years are contiguous.
Sponsor name as filed: SAGE SOFTWARE INC.; SEC registrant: BEST SOFTWARE INC (CIK 1043431, matched by EIN).