Industry · Form 5500 business code 511210
Software Publishers: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
455 retirement plans in software publishers with 100 or more participants filed Form 5500 for plan year 2024 (455 defined contribution, 0 defined benefit). All Form 5500 pension filers in the group reported 451,692 participant records and $93.1B in net assets.
The median defined contribution plan held $59,012 per participant, above the national median of $53,031, and its employer put in $3,469 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $116 per participant against $123 nationally.
Employers contributed $1.92B and participants $5.35B during the year, and the plans paid out $5.74B in benefits.
In 2009 the same group numbered 108 plans with $8.50B; by 2024 it was 455 plans (up 321%) and $93.1B (up 995%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $59,012 | $53,031 | — | $86,234 |
| Employer contributions per active participant | $3,469 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $116 | $123 | — | $344 |
| Schedule C compensation, share of net assets | 0.19% | 0.26% | — | 0.42% |
| Administrative expenses per participant | $104 | $116 | — | $527 |
Medians across plans with 100 or more participants (442 DC and 0 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $39,890 | $59,012 | $87,644 | 442 |
| Employer contributions per active participant | $1,931 | $3,469 | $5,016 | 392 |
| Schedule C compensation per participant | $42.97 | $116 | $207 | 410 |
| Administrative expenses per participant | $35.59 | $104 | $205 | 433 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 81 | 214,473 | $80.6B | $1.24B | $3.32B | $71,709 | $162 |
| 2024 | 455 | 451,692 | $93.1B | $1.92B | $5.35B | $59,012 | $116 |
| 2023 | 457 | 449,376 | $77.2B | $1.82B | $5.08B | $46,617 | $92.06 |
| 2022 | 432 | 441,285 | $58.3B | $1.70B | $4.64B | $35,344 | $72.49 |
| 2021 | 363 | 381,891 | $68.6B | $1.42B | $3.91B | $47,568 | $79.22 |
| 2020 | 347 | 338,415 | $56.1B | $1.16B | $3.50B | $45,446 | $80.84 |
| 2019 | 291 | 302,336 | $41.9B | $1.00B | $2.86B | $42,707 | $64.08 |
| 2018 | 260 | 278,371 | $31.8B | $883M | $2.50B | $38,554 | $65.62 |
| 2017 | 227 | 261,178 | $31.5B | $799M | $2.15B | $43,853 | $55.52 |
| 2016 | 203 | 238,347 | $24.8B | $721M | $1.86B | $36,999 | $45.67 |
| 2015 | 182 | 211,647 | $20.9B | $436M | $1.51B | $35,244 | $34.78 |
| 2014 | 159 | 182,795 | $18.7B | $381M | $1.26B | $42,377 | $19.24 |
| 2013 | 147 | 164,751 | $16.3B | $335M | $1.12B | $43,716 | $13.14 |
| 2012 | 126 | 153,722 | $12.7B | $307M | $999M | $38,238 | $15.02 |
| 2011 | 112 | 139,970 | $10.3B | $270M | $873M | $36,001 | $13.59 |
| 2010 | 102 | 135,449 | $10.1B | $250M | $826M | $36,846 | $12.99 |
| 2009 | 108 | 133,970 | $8.50B | $246M | $795M | $32,814 | $14.08 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 459 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 459 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Microsoft Corporation Savings Plus 401(k) Plan | Microsoft Corporation | WA | DC | 184,329 | $77.8B | $422,145 | $10,211 | $224 |
| Adobe Inc. 401(k) Retirement Savings Plan | Adobe Inc. | CA | DC | 21,317 | $5.03B | $236,125 | $6,065 | $35.49 |
| The Reynolds and Reynolds Company 401(k) Savings Plan | Dealer Computer Services, Inc. | OH | DC | 7,634 | $868M | $113,707 | $4,962 | $124 |
| Take-Two Interactive Software, Inc. 401(k) Plan | Take-Two Interactive Software, Inc. | NY | DC | 7,138 | $848M | $118,825 | $4,973 | $38.89 |
| Atlassian 401(k) Plan | Atlassian US, Inc. | CA | DC | 6,364 | $750M | $117,876 | $7,585 | $14.80 |
| Yardi Systems, Inc. 401(k) Profit Sharing Plan | Yardi Systems, Inc. | CA | DC | 5,849 | $780M | $133,436 | $9,272 | $26.13 |
| CDK Global 401(k) Plan | CDK Global II LLC | TX | DC | 4,961 | $736M | $148,259 | $3,982 | $135 |
| Pinterest 401(k) Plan | Pinterest, Inc. | CA | DC | 4,870 | $583M | $119,676 | $5,609 | $25.93 |
| Riot Games 401(k) Plan | Riot Games | CA | DC | 4,837 | $676M | $139,793 | $9,321 | $74.37 |
| Epic Games, Inc. 401(k) Plan and Trust | Epic Games Inc. | NC | DC | 3,717 | $711M | $191,365 | $8,593 | $27.86 |
| Kaseya 401(k) Profit Sharing Plan | Kaseya US, LLC | FL | DC | 3,504 | $144M | $41,010 | $0 | $124 |
| Zendesk, Inc. 401(k) Plan | Zendesk, Inc. | CA | DC | 3,444 | $352M | $102,264 | $4,068 | $13.15 |
| Hyland Software 401(k) Plan | Hyland Software, Inc. | OH | DC | 3,338 | $512M | $153,392 | $3,729 | $154 |
| Epicor Software 401(k) Savings Plan | Epicor Software Corporation | TX | DC | 3,081 | $619M | $200,795 | $4,187 | $13.48 |
| Shopify (USA), Inc. 401(k) Plan | Shopify (USA), Inc. | NY | DC | 3,012 | $176M | $58,337 | $2,784 | $55.00 |
| Nextgen Healthcare, Inc. 401(k) Plan | Nextgen Healthcare, Inc. | CA | DC | 2,471 | $265M | $107,094 | $3,109 | $86.43 |
| Informatica LLC 401(k) Retirement Plan | Informatica LLC | CA | DC | 2,450 | $614M | $250,498 | $512,518 | $98.66 |
| Bentley Systems, Incorporated Profit SHARING/401(K) Plan | Bentley Systems, Inc. | PA | DC | 2,402 | $595M | $247,783 | $3,077 | $115 |
| Renaissance Learning, Inc. 401(k) Savings Plan | Renaissance Learning, Inc. | WI | DC | 2,353 | $217M | $92,348 | $4,405 | $239 |
| Dynatrace Inc. 401(k) Plan | Dynatrace LLC | MA | DC | 2,144 | $252M | $117,591 | $4,575 | $18.94 |
| Alteryx, Inc. Retirement Savings Plan | Alteryx, Inc. | CA | DC | 2,055 | $208M | $101,318 | $7,175 | $101 |
| Hashicorp Inc. 401(k) Profit Sharing Plan and Trust | Hashicorp Inc. | CA | DC | 1,954 | $121M | $61,751 | — | $13.68 |
| Modernizing Medicine, Inc. 401(k) Plan | Modernizing Medicine, Inc. | FL | DC | 1,898 | $115M | $60,471 | $3,012 | $93.19 |
| Vertex, Inc. 401(k) Plan | Vertex, Inc. | PA | DC | 1,845 | $445M | $241,278 | $9,424 | $82.93 |
| Precisely Software Incorporated 401(k) Plan | Precisely Software Incorporated | MA | DC | 1,707 | $329M | $192,956 | $3,753 | $119 |
| Ping Identity Corporation 401(k) Plan | Ping Identity Corporation | CO | DC | 1,632 | $172M | $105,688 | $4,709 | $55.39 |
| Arctic Wolf Networks, Inc. 401(k) Plan | Arctic Wolf Networks, Inc. | MN | DC | 1,611 | $88.7M | $55,086 | $2,524 | $185 |
| Altair Salary Reduction Profit Sharing Plan | Altair Engineering, Inc. | MI | DC | 1,527 | $263M | $172,108 | $1,496 | $138 |
| Auctane Inc. 401(k) Plan | Auctane Inc. | TX | DC | 1,516 | $137M | $90,486 | $4,926 | $55.89 |
| Tenable Inc. 401(k) Plan and Trust | Tenable Inc. | MD | DC | 1,498 | $203M | $135,248 | $6,803 | $74.60 |
| Onetrust 401(k) Plan | Ot Technology, Inc. | GA | DC | 1,447 | $68.9M | $47,636 | $2,454 | $0.02 |
| Sovos Compliance, LLC 401(k) Retirement Plan | Sovos Compliance, LLC | MA | DC | 1,407 | $93.6M | $66,524 | $2,907 | $126 |
| Cyberark Software, Inc. 401(k) Plan | Cyberark Software, Inc. | MA | DC | 1,370 | $186M | $135,805 | $6,637 | $163 |
| Solarwinds Worldwide LLC 401(k) Plan | Solarwinds Inc. | TX | DC | 1,360 | $141M | $103,768 | $6,399 | $37.80 |
| Seismic 401(k) Plan | Seismic Software, Inc. | CA | DC | 1,238 | $94.8M | $76,550 | $3,456 | $178 |
| Onestream Software 401(k) Plan | Onestream Software LLC | MI | DC | 1,232 | $106M | $86,318 | $4,037 | $126 |
| Alerus Financial Corporation Employee Stock Owners | Alerus Financial | ND | DC | 1,218 | $28.5M | $23,425 | $3,017 | — |
| Meltwater News US Inc. 401(k) Plan | Meltwater News US, Inc. | CA | DC | 1,176 | $61.0M | $51,867 | $1,270 | $124 |
| Conga Corporation 401(k) Plan | Conga Corporation | CO | DC | 1,141 | $100M | $87,976 | $3,840 | $56.16 |
| Insightsoftware 401(k) Plan | Insightsoftware, LLC | NC | DC | 1,131 | $67.1M | $59,336 | $2,836 | $118 |
By plan size
By state
Questions and answers
How many retirement plans are there in software publishers?
455 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 612 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in software publishers?
The median defined contribution plan reported $59,012 in net assets per participant (middle half of plans: $39,890 to $87,644); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in software publishers?
The median defined contribution plan received $3,469 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in software publishers?
Among defined contribution plans that report any Schedule C compensation, the median was $116 per participant and 0.19% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.