Aspentech Corporation 401(k) Review & Grade
Aspentech 401(k) Savings Plan
Bedford, MAProfessional, Scientific & Technical Services1,809 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,331Employer $ per active participant
$12,435Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$432.5MNet plan assets, end of year
$182,647Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 93th |
| Employee saving | 77th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($57,628 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Aspentech put in about $3,331 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $6,026,582 |
| Participant (employee) contributions | $22,494,046 |
| Other contributions (incl. rollovers in) | $3,287,263 |
| Administrative expenses paid from the plan | $118,040 |
| Other admin expenses | $61,382 |
| Benefits paid out | $45,838,955 |
| Net assets, start / end of year | $386.5M / $432.5M |
| Active participants, start / end of year | 1,859 / 1,759 |
| Participants with account balances | 2,368 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fiducient Advisors | $61,383 reported compensation |
| Nathan Wechsler and Company, PA | $59,500 reported compensation |
| Bdo USA, P.C | $41,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014185916NAL0007188274001, received 2025-10-14, EIN 04-2739697, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.