Black Duck Software, Inc. 401(k) Review & Grade
Black Duck Software, Inc. 401(k) Plan
Burlington, MAManufacturing934 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,222Employer $ per active participant
$3,231Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$22.1MNet plan assets, end of year
$26,216Average balance per account
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 96th |
| Employee saving | 26th |
| Peers that auto-enroll | 59% |
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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 ($455,381 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
- Black Duck Software put in about $1,222 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,141,881 |
| Participant (employee) contributions | $3,019,147 |
| Other contributions (incl. rollovers in) | $18,205,026 |
| Administrative expenses paid from the plan | $4,050 |
| Benefits paid out | $5,350 |
| Net assets, start / end of year | $0 / $22.1M |
| Active participants, start / end of year | 950 / 919 |
| Participants with account balances | 844 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP (cla) |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $4,050 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015114655NAL0004449489001, received 2025-10-15, EIN 32-0076720, plan #002, plan year 2024-10-01 to 2024-12-31. Verify at efast.dol.gov.