BMC Software, Inc. 401(k) Review & Grade
BMC Software, Inc. Savings and Investment Plan
Houston, TXProfessional, Scientific & Technical Services1,868 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,928Employer $ per active participant
$17,876Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$318,184Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost21.1 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 84th |
| Employee saving | 96th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $4,304 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- BMC Software put in about $7,928 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.
- 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 | $14,814,085 |
| Participant (employee) contributions | $33,401,496 |
| Other contributions (incl. rollovers in) | $9,236,445 |
| Administrative expenses paid from the plan | $760,954 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $316,431 |
| Other admin expenses | $257,308 |
| Benefits paid out | $135,716,432 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 1,897 / 1,840 |
| Participants with account balances | 4,243 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $316,431 reported compensation |
| Mercer Investments LLC | $133,116 reported compensation |
| Fidelity Investments Institutional | $63,464 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144224NAL0003050689001, received 2025-10-14, EIN 74-2126120, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.