# Bentley Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/bentley-systems-incorporated-401k-plan

> Bentley Systems, INC.'s 401(k) plan: 1,629 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/caron-bletzer) — Auditor

- [ABOUND WEALTH MANAGEMENT LLC](https://planprovider.pro/provider/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|

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