Sage Software Inc. 401(k) Review & Grade
Sage 401(k) Plan
Atlanta, GAProfessional, Scientific & Technical Services2,056 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,561Employer $ per active participant
$11,445Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$432.9MNet plan assets, end of year
$136,090Average balance per account
Score breakdown
- Employer generosity41.1 / 5082th percentile for employer $ per participant
- Low cost18.4 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score70 / 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 | 82th |
| Lower admin cost | 74th |
| Employee saving | 70th |
| 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 ($452,155 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
- Sage Software put in about $6,561 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 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 | $13,492,829 |
| Participant (employee) contributions | $23,537,034 |
| Other contributions (incl. rollovers in) | $2,932,934 |
| Administrative expenses paid from the plan | $419,063 |
| Investment advisory & management fees | $83,409 |
| Other admin expenses | $27,500 |
| Benefits paid out | $49,897,558 |
| Net assets, start / end of year | $392.4M / $432.9M |
| Active participants, start / end of year | 2,083 / 2,030 |
| Participants with account balances | 3,181 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $238,179 reported compensation |
| Empower Advisory Group, LLC | $82,509 reported compensation |
| Moss Adams LLP | $31,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006140538NAL0006211168001, received 2025-10-06, EIN 54-1222526, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.