Flexera Software LLC 401(k) Review & Grade
Flexera Software LLC 401(k) Plan
Itasca, ILInformation528 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,192Employer $ per active participant
$13,791Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$130.8MNet plan assets, end of year
$165,973Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 77th |
| Employee saving | 80th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,864 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Flexera Software put in about $2,192 per active participant, below the typical peer ($2,829). 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.
- 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 | $1,158,438 |
| Participant (employee) contributions | $7,288,638 |
| Other contributions (incl. rollovers in) | $757,708 |
| Administrative expenses paid from the plan | $111,574 |
| Investment advisory & management fees | $76,951 |
| Benefits paid out | $15,315,339 |
| Net assets, start / end of year | $119.7M / $130.8M |
| Active participants, start / end of year | 566 / 491 |
| Participants with account balances | 788 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Cooper Co, LTD |
Largest service providers (Schedule C)
| Kestra Investment Services LLC | $50,000 reported compensation |
| Fidelity Investments Institutional | $34,933 reported compensation |
| Strategic Advisors, Inc. | $26,951 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015103507NAL0005816288001, received 2025-10-15, EIN 26-2093996, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.