Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Terminus Software
Terminus Software 401(k)
- Professional, scientific, and technical services
- Atlanta, GA
- EIN 46-5243594
- 1 plan with Schedule H financials
- Plan year 2023
- Terminus Software, Inc.
Administrative expenses excluding investment management, per participant · Terminus 401(k) Plan · plan year 2023
$142.51
Higher than 68% of the 17,126 plans $1 to 10M that report it.
Source
= $25,509 / 179
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241014135029NAL0044750496001, received 2024-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014135029NAL0044750496001, received 2024-10-14
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-14.
Cost and contributions
Administrative expenses per participant
$142.51
Higher than 52% of the 17,762 plans $1 to 10M that report it.
Source
= $25,509 / 179
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241014135029NAL0044750496001, received 2024-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014135029NAL0044750496001, received 2024-10-14
Administrative expenses as a share of assets
0.299%
Higher than 33% of the 17,798 plans $1 to 10M that report it.
Source
= $25,509 / $8,527,271
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241014135029NAL0044750496001, received 2024-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241014135029NAL0044750496001, received 2024-10-14
Employer contributions per participant
$1,363
Higher than 53% of the 15,688 plans $1 to 10M that report it.
Source
= $244,043 / 179
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241014135029NAL0044750496001, received 2024-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014135029NAL0044750496001, received 2024-10-14
Employer share of total contributions
12.5%
Higher than 11% of the 15,721 plans $1 to 10M that report it.
Source
= $244,043 / $1,955,749
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241014135029NAL0044750496001, received 2024-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241014135029NAL0044750496001, received 2024-10-14
Plan terms, as stated in Terminus Software, Inc.'s SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241014135029NAL0044750496001, received 2024-10-14
Full record, Terminus 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | TERMINUS SOFTWARE, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Plan name | TERMINUS 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Sponsor EIN / plan number | 46-5243594 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Sponsor location | ATLANTA, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Industry (business code) | 541800, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Plan year | 2023-01-01 to 2023-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Filing received | 2024-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Participants, beginning of year | 428 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Active participants | 93 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Participants, end of year | 204 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Participants with an account balance | 179 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Total assets, beginning of year | $8,017,007 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Total assets, end of year | $8,527,271 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Net assets, end of year | $8,527,271 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Total income | $3,516,784 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Net income | $510,264 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Employer contributions | $244,043 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Participant contributions | $1,318,597 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Other contributions (incl. rollovers) | $393,109 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Total contributions | $1,955,749 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Benefit payments | $2,981,011 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Total expenses (incl. benefit payments) | $3,006,520 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Total administrative expenses | $25,509 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Contract administrator fees | $25,509 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Administrative expenses excluding investment management | $25,509 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Held in mutual funds | $8,445,108 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20241014135029NAL0044750496001, received 2024-10-14 |
| Independent auditor | APRIO | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241014135029NAL0044750496001, received 2024-10-14 |
Position = column in the DOL layout for form year 2023. Filing 20241014135029NAL0044750496001, received 2024-10-14.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $25,509 | yes |
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 20241014135029NAL0044750496001, received 2024-10-14.
No filing for the previous plan year is in the data, so there is no year-over-year comparison.
Alerts, claims and corrections
Sponsor name as filed: TERMINUS SOFTWARE, INC.; SEC registrant: Terminus Software, Inc. (CIK 1669306, matched by EIN).