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Strategy 401(k)

Recordkeeping fees per participant · Microstrategy 401(k) Savings Plan · plan year 2024

$33.14

Higher than 29% of the 1,697 plans $250M to 1B that report it.

Source

= $43,182 / 1,303
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260326101311NAL0004651249001, received 2026-03-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260326101311NAL0004651249001, received 2026-03-26

10th: $11.56median $49.9890th: $89.63

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 2026-03-26.

Cost and contributions

Administrative expenses excluding investment management, per participant

$33.37

10th: $18.52median $67.2190th: $147.71

Higher than 18% of the 2,324 plans $250M to 1B that report it.

Source

= $43,482 / 1,303
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260326101311NAL0004651249001, received 2026-03-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260326101311NAL0004651249001, received 2026-03-26

Administrative expenses per participant

$71.74

10th: $27.95median $88.2590th: $203.68

Higher than 38% of the 2,405 plans $250M to 1B that report it.

Source

= $93,482 / 1,303
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260326101311NAL0004651249001, received 2026-03-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260326101311NAL0004651249001, received 2026-03-26

Administrative expenses as a share of assets

0.037%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 23% of the 2,407 plans $250M to 1B that report it.

Source

= $93,482 / $254,289,415
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260326101311NAL0004651249001, received 2026-03-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260326101311NAL0004651249001, received 2026-03-26

Employer contributions per participant

$1,832

10th: $1,169median $3,07390th: $8,346

Higher than 23% of the 2,457 plans $250M to 1B that report it.

Source

= $2,386,965 / 1,303
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260326101311NAL0004651249001, received 2026-03-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260326101311NAL0004651249001, received 2026-03-26

Employer share of total contributions

16.2%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 8% of the 2,459 plans $250M to 1B that report it.

Source

= $2,386,965 / $14,707,081
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260326101311NAL0004651249001, received 2026-03-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260326101311NAL0004651249001, received 2026-03-26

Plan terms, as stated in Strategy Inc's SEC filings

Employer match

“The Company makes a matching contribution to each 401(k) Plan participant in the amount of 50% of the first 12% of a participant’s contributions, up to a maximum of $5,000 per year.”

Form 10-K filed 2026-02-19, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Vesting

“Further, all active participants become fully vested in the Company’s matching contributions after completing four years of employment, vesting in 25% increments at the end of each year of employment with the Company.”

Form 10-K filed 2026-02-19, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plan features

2E profit-sharing · 2G fully participant-directed · 2F ERISA 404(c) plan · 3H controlled-group sponsor · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260326101311NAL0004651249001, received 2026-03-26

Full record, Microstrategy 401(k) Savings Plan

FieldValueSource
Plan sponsorMICROSTRATEGYForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260326101311NAL0004651249001, received 2026-03-26
Plan nameMICROSTRATEGY 401(K) SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20260326101311NAL0004651249001, received 2026-03-26
Sponsor EIN / plan number51-0323571 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260326101311NAL0004651249001, received 2026-03-26
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260326101311NAL0004651249001, received 2026-03-26
Sponsor locationVIENNA, VAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260326101311NAL0004651249001, received 2026-03-26
Industry (business code)541519, Professional, scientific, and technical servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20260326101311NAL0004651249001, received 2026-03-26
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260326101311NAL0004651249001, received 2026-03-26
Filing received2026-03-26Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260326101311NAL0004651249001, received 2026-03-26
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260326101311NAL0004651249001, received 2026-03-26
Amended filingyesForm 5500, Part I line B; AMENDED_IND pos 7; filing 20260326101311NAL0004651249001, received 2026-03-26
Participants, beginning of year1,391Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260326101311NAL0004651249001, received 2026-03-26
Active participants453Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260326101311NAL0004651249001, received 2026-03-26
Participants, end of year1,308Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260326101311NAL0004651249001, received 2026-03-26
Participants with an account balance1,303Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260326101311NAL0004651249001, received 2026-03-26
Total assets, beginning of year$237,316,050Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260326101311NAL0004651249001, received 2026-03-26
Total assets, end of year$254,289,415Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260326101311NAL0004651249001, received 2026-03-26
Net assets, end of year$254,289,415Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260326101311NAL0004651249001, received 2026-03-26
Total income$51,247,160Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260326101311NAL0004651249001, received 2026-03-26
Net income$16,973,365Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260326101311NAL0004651249001, received 2026-03-26
Employer contributions$2,386,965Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260326101311NAL0004651249001, received 2026-03-26
Participant contributions$10,839,824Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260326101311NAL0004651249001, received 2026-03-26
Other contributions (incl. rollovers)$1,480,292Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260326101311NAL0004651249001, received 2026-03-26
Total contributions$14,707,081Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260326101311NAL0004651249001, received 2026-03-26
Benefit payments$34,178,343Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260326101311NAL0004651249001, received 2026-03-26
Total expenses (incl. benefit payments)$34,273,795Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260326101311NAL0004651249001, received 2026-03-26
Total administrative expenses$93,482Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260326101311NAL0004651249001, received 2026-03-26
Contract administrator fees$300Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20260326101311NAL0004651249001, received 2026-03-26
Recordkeeping fees$43,182Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260326101311NAL0004651249001, received 2026-03-26
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20260326101311NAL0004651249001, received 2026-03-26
Investment advisory and management fees$50,000Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20260326101311NAL0004651249001, received 2026-03-26
Administrative expenses excluding investment management$43,482derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260326101311NAL0004651249001, received 2026-03-26
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20260326101311NAL0004651249001, received 2026-03-26
Held in common/collective trusts$164,297,308Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20260326101311NAL0004651249001, received 2026-03-26
Held in mutual funds$87,445,214Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260326101311NAL0004651249001, received 2026-03-26
Independent auditorBDO USA, P.C.Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260326101311NAL0004651249001, received 2026-03-26

Position = column in the DOL layout for form year 2024. Filing 20260326101311NAL0004651249001, received 2026-03-26.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
KESTRA INVESTMENT SERVICES LLCADVISOR 27 Investment advisory (plan) $50,000no
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $43,482yes

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 20260326101311NAL0004651249001, received 2026-03-26.

What changed since the 2023 plan year

Figure20232024Change
Total assets$237,316,050$254,289,4157.2%
Participants with a balance1,3771,303-5.4%
Administrative expenses$108,336$93,482-13.7%
Recordkeeping fees per participant$41.06$33.14-19.3%
Employer contributions$2,752,376$2,386,965-13.3%

Prior filing 20241015115419NAL0029481809001, received 2024-10-15; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: MICROSTRATEGY; SEC registrant: Strategy Inc (CIK 1050446, matched by EIN; display name from the Form 10-K cover).