Plan Snapshot
- Plan Sponsor: Bentley Systems, INC.
- Sponsor EIN: 953936623
- Sponsor Address: 685 STOCKTON DRIVE, EXTON, PA, 19341
- Plan Type: 401(k)
- Total Participants: 1,629
- Total Assets: $595.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,629 | $595.2M | $5.0M | $17.1M |
| 2023 | 1,582 | $628.0M | $5.4M | $17.2M |
| 2022 | 1,553 | $549.8M | $4.9M | $15.7M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | $123,433 | — | $123,433 |
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $68,841 | — | $68,841 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | NONE | $43,775 | — | $43,775 |
| CARON & BLETZER PLLC | NONE | $17,200 | — | $17,200 |
| CARON & BLETZER, PLLC | Auditor | $17,200 | — | $17,200 |
| ABOUND WEALTH MANAGEMENT LLC | NONE | $12,274 | — | $12,274 |
| BENEFIT TRUST COMPANY | NONE | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
- ABOUND WEALTH MANAGEMENT LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $290,223
- Estimated Expense Ratio: 0.049% 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 | $649,897 | $174,708 | — | $17,200 | — |
| 2023 | $488,295 | $209,620 | — | $15,500 | — |
| 2022 | $750,391 | $251,555 | — | — | $20,500 |