Plan Ledger DOL Form 5500 · updated monthly

Bentley Systems, Inc.401(k)

BENTLEY SYSTEMS, INCORPORATED PROFIT SHARING/401(K) PLAN · EXTON, PA · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

Bentley Systems, Inc. reported $488,295 in plan administrative expenses for 2023: 0.08% of average plan assets, above the peer median. Employer contributions averaged $3,405 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 0.12% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other information & media employers. By assets it is the 124th-largest of 3,651 plans among Pennsylvania employers on file, and the 86th of 2,199 in information & media. In 2023, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$627,983,527
Participants with balances2,205
Active participants1,582
Employer contributions$5,386,653
Employee contributions$17,153,818
Employer contribution per active participant$3,405
Average account balance$284,800
Benefits paid to participants$79,835,675
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$595.2M · 2,247 accts · $5.0M emplr
2023$628.0M · 2,205 accts · $5.4M emplr
2022$549.8M · 2,165 accts · $4.9M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$180,328
Investment management$209,620
Audit (IQPA)$15,500
Total administrative$488,295
The Bentley Systems, Inc. 401(k) match · 2023
Employer contribution per active participant$3,405
Median for plans this size$4,362
2024$3,077 per active participant
2023$3,405 per active participant
2022$3,148 per active participant

Bentley Systems, Inc.'s 2023 employer contribution ran below the $4,362 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20237
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$180,329
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$114,982
CAPFINANCIAL PARTNERS LLC DBA CAPTR · Investment advisory (plan)$90,638
CARON & BLETZER PLLC · Accounting / audit$15,500
COWEN & COMPANY LLC$10,627
ABOUND WEALTH MANAGEMENT LLC · Investment advisory (plan)$10,402
CHARLES SCHWAB & CO., INC. · Investment advisory (participants) · Securities brokerage$578

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$649,897 · 0.11%
2023$488,295 · 0.08%
2022$750,391 · 0.12%
Same employer
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Comcast Corporation PA$19.7B · 0.04%
Audacy Inc. PA$819.5M · 0.07%
Vertex, Inc. PA$445.2M · 0.04%
Nep Broadcasting, LLC PA$216.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953936623 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.