Plan Snapshot
- Plan Sponsor: Blackbaud, INC
- Sponsor EIN: 112617163
- Sponsor Address: 65 FAIRCHILD STREET, CHARLESTON, SC, 29492
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,422
- Total Assets: $3.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,422 | $3.6M | $23.3M | $9.6M |
| 2023 | 2,522 | $3.9M | $19.7M | $9.1M |
| 2022 | 2,785 | $2.5M | $20.9M | $8.7M |
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 |
|---|---|---|---|---|
| BCBS OF SOUTH CAROLINA | Recordkeeper | $1,258,915 | — | $1,258,915 |
| MARQUE HEALTH LLC | Other Service Provider | $87,712 | — | $87,712 |
| DELTA DENTAL OF MISSOURI | Other Service Provider | $67,244 | — | $67,244 |
| LIFE INSURANCE COMPANY OF NORTH AME | Other Service Provider | $24,821 | — | $24,821 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,438,692
- Estimated Expense Ratio: 40.415% 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 | $1,200,683 | — | $1,200,683 | — | — |
| 2023 | $3,181,287 | — | $3,181,287 | — | — |
| 2022 | $3,526,029 | — | $3,526,029 | — | — |