Plan Snapshot
- Plan Sponsor: Descartes Systems Usa LLC
- Sponsor EIN: 680679777
- Sponsor Address: 2030 POWERS FERRY ROAD SE, ATLANTA, GA, 30339
- Plan Type: 401(k)
- Total Participants: 659
- Total Assets: $83.3M
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 | 659 | $83.3M | $776,108 | $5.4M |
| 2023 | 591 | $62.6M | $644,452 | $4.1M |
| 2022 | 584 | $51.6M | $584,506 | $3.7M |
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 |
|---|---|---|---|---|
| KP LYNCH CPA PC | Auditor | $4,080 | — | $4,080 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,080
- Estimated Expense Ratio: 0.005% 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 | $168,316 | — | $163,086 | $4,080 | — |
| 2023 | $163,330 | — | $149,335 | $13,495 | — |
| 2022 | $175,710 | — | — | — | — |