Plan Ledger DOL Form 5500 · updated monthly

Softerware, Inc.401(k)

SOFTERWARE, INC. 401(K) PROFIT SHARING PLAN AND TR · FORT WASHINGTON, 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

Softerware, Inc. reported $7,108 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,116 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 0.03% to 0.02%. 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 1,031st-largest of 3,651 plans among Pennsylvania employers on file, and the 3,560th of 11,654 in professional & technical services. In 2024, employees put in $3.05 for every $1.00 the employer contributed; active participation has grown from 133 to 150 since 2022.

Plan summary
Net assets, end of year$36,492,836
Participants with balances186
Active participants150
Employer contributions$467,424
Employee contributions$1,427,430
Employer contribution per active participant$3,116
Average account balance$196,198
Benefits paid to participants$934,497
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.5M · 186 accts · $467K emplr
2023$30.7M · 186 accts · $432K emplr
2022$27.7M · 184 accts · $399K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,469
Trustee / custodial$3,639
Total administrative$7,108
The Softerware, Inc. 401(k) match · 2024
Employer contribution per active participant$3,116
Median for plans this size$2,416
2024$3,116 per active participant
2023$2,878 per active participant
2022$2,997 per active participant

Softerware, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$7,108

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$7,108 · 0.02%
2023$6,030 · 0.02%
2022$8,123 · 0.03%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
The Eads Group, Inc. PA$36.7M · 0.16%
Tenova, Inc. PA$36.7M · 0.09%
Orbital Engineering, Inc. PA$36.5M · 0.54%
Becket & Lee, LLP PA$35.7M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 232212753 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.