Plan Snapshot
- Plan Sponsor: Aspentech Corporation
- Sponsor EIN: 042739697
- Sponsor Address: 20 CROSBY DR., BEDFORD, MA, 01730
- Plan Type: 401(k)
- Total Participants: 1,759
- Total Assets: $432.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,759 | $432.5M | $6.0M | $22.5M |
| 2023 | 1,859 | $386.5M | $6.4M | $22.2M |
| 2022 | 998 | $244.9M | $3.5M | $12.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDUCIENT ADVISORS | CONSULTANT | $61,383 | — | $61,383 |
| NATHAN WECHSLER AND COMPANY, PA | ACCOUNTANT/AUDITOR | $59,500 | — | $59,500 |
| BDO USA, P.C | ACCOUNTANT/AUDITOR | $41,450 | — | $41,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $162,333
- Estimated Expense Ratio: 0.038% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $118,040 | — | — | $100,950 | — |
| 2023 | $77,152 | — | $600 | $63,447 | — |
| 2022 | $21,199 | — | — | — | — |