Software Ag Usa, Inc. 401(k) Plan: Login, Facts & Contact Information

Software Ag Usa, Inc. 401(k) Plan Facts

Plan name
SOFTWARE AG USA, INC. PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SAG, LLC.
Participants
1,113 (521 active employees)
Former employees with a balance
523
Plan assets
$254,791,562 at Dec 31, 2023
Average account balance
$244,992 across 1,040 accounts
Employer contributions
$4,190,897 in plan year 2023 (29% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jun 1, 1978
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 11, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $14.3 million went into the plan in contributions, $4.19 million of it from the employer (29%).
  • $22.7 million was paid out to participants.
  • Investment and other income added $36.0 million.
  • Administrative expenses were $162,819, about $157 per account.

How the Software Ag Usa, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20181,092$187.5 million$3.78 million$13.8 million
20191,082$222.7 million$4.03 million$18.6 million
20201,103$258.5 million$4.57 million$14.0 million
20211,145$296.6 million$4.86 million$16.6 million
20221,148$227.5 million$4.62 million$29.8 million
20231,113$254.8 million$4.19 million$22.7 million

Software Ag Usa, Inc. 401(k) Contact Information

Phone
703-860-5050
Mailing address
11700 PLAZA AMERICA DRIVE SUITE 700, RESTON VA 20190
Plan sponsor
SAG, LLC.
Employer identification number (EIN)
54-1807654
Plan number
001

Questions about the Software Ag Usa, Inc. 401(k)

Does Software Ag Usa, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $4.19 million, 29% of all contributions.

Does the Software Ag Usa, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Software Ag Usa, Inc 401(k) plan?

1,113 participants at the start of plan year 2023, 521 of them active employees, and 523 former employees who still had money in the plan.

What is the average 401(k) balance at Software Ag Usa, Inc?

About $244,992 per account: $254.8 million in plan assets across 1,040 accounts with a balance at the end of plan year 2023.

Who manages the Software Ag Usa, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Software Ag Usa, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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