Plan Ledger DOL Form 5500 · updated monthly

Ansys, Inc.401(k)

ANSYS, INC. EMPLOYEES' RETIREMENT PROGRAM · CANONSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Ansys, Inc. reported $162,339 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,994 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 fell from 0.04% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 82nd-largest of 3,651 plans among Pennsylvania employers on file, and the 188th of 11,654 in professional & technical services. In 2024, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$945,335,319
Participants with balances3,157
Active participants2,487
Employer contributions$17,392,995
Employee contributions$44,925,712
Employer contribution per active participant$6,994
Average account balance$299,441
Benefits paid to participants$67,000,543
Plan auditUnmodified (clean) audit opinion
AuditorH2R CPA
Plan history3
Yearassets · accounts · employer contribution
2024$945.3M · 3,157 accts · $17.4M emplr
2023$819.9M · 3,123 accts · $16.3M emplr
2022$677.6M · 2,947 accts · $15.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,939
Audit (IQPA)$18,100
Total administrative$162,339
The Ansys, Inc. 401(k) match · 2024
Employer contribution per active participant$6,994
Median for plans this size$4,294
2024$6,994 per active participant
2023$6,630 per active participant
2022$6,563 per active participant

Ansys, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size. 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 · 20244
METROPOLITAN LIFE INSURANCE COMPANY · Investment management$98,109
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$75,939
CAPITAL STRATEGIES · Consulting$65,000
HOROVITZ, RUDOY & ROTEMAN LLC · Accounting / audit$18,100

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$162,339 · 0.02%
2023$227,270 · 0.03%
2022$297,275 · 0.04%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Eurofins Nsc US, Inc. PA$1.3B · 0.13%
Reed Smith LLP PA$1.2B · 0.02%
Stv Group, Inc. PA$1.0B · 0.01%
K&L Gates LLP PA$969.7M · 0.02%
Sei Investments Company PA$881.8M · 0.01%
Gannett Fleming, Inc. PA$830.4M · 0.05%
Fox Rothschild LLP PA$756.0M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 043219960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.