Plan Ledger DOL Form 5500 · updated monthly

Absolute Software, Inc.401(k)

ABSOLUTE SOFTWARE, INC. 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Absolute Software, Inc. reported $33,393 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,311 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.02% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,011th-largest of 5,688 plans among Texas employers on file, and the 2,615th of 11,654 in professional & technical services. In 2024, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,657,275
Participants with balances356
Active participants293
Employer contributions$1,263,008
Employee contributions$3,903,267
Employer contribution per active participant$4,311
Average account balance$150,723
Benefits paid to participants$4,941,333
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.7M · 356 accts · $1.3M emplr
2023$45.9M · 375 accts · $1.4M emplr
2022$37.0M · 382 accts · $992K emplr
Administrative expenses, itemized · 2024
Investment management$39,886
Total administrative$33,393
The Absolute Software, Inc. 401(k) match · 2024
Employer contribution per active participant$4,311
Median for plans this size$2,416
2024$4,311 per active participant
2023$5,432 per active participant
2022$3,209 per active participant

Absolute Software, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
SCS · Investment advisory (plan)$23,708
USI ADVISORS INC · Investment advisory (plan)$12,250
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$33,393 · 0.07%
2023$28,162 · 0.07%
2022$4,602 · 0.02%
Same employer
Similar plansProfessional & Technical Services · Texas
Ryder Scott Company, L.P. TX$54.2M · 0.02%
Gray Reed & McGraw LLP TX$54.1M · 0.06%
Patterson & Sheridan, LLP TX$53.7M · 0.04%
Castle Biosciences Inc TX$52.9M · 0.25%
July Business Services TX$52.9M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980183485 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.