Descartes Systems USA LLC 401(k) Review & Grade
Descartes Systems Group Employee Retirement Plan
Atlanta, GAProfessional, Scientific & Technical Services652 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,190Employer $ per active participant
$8,305Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$83.3MNet plan assets, end of year
$137,622Average balance per account
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 50th |
| Employee saving | 44th |
| 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 ($240,470 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
- Descartes Systems USA put in about $1,190 per active participant, below the typical peer ($3,082). 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 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 | $776,108 |
| Participant (employee) contributions | $5,414,571 |
| Other contributions (incl. rollovers in) | $5,562,502 |
| Administrative expenses paid from the plan | $168,316 |
| Contract administrator fees | $163,086 |
| Other admin expenses | $1,150 |
| Benefits paid out | $4,165,715 |
| Net assets, start / end of year | $62.6M / $83.3M |
| Active participants, start / end of year | 645 / 659 |
| Participants with account balances | 605 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KP Lynch CPA PC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $165,372 reported compensation |
| Kestra Advisory Services LLC | $85,000 reported compensation |
| KP Lynch CPA PC | $4,080 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101146NAL0002127283001, received 2025-10-15, EIN 68-0679777, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.