Plan5500

Drake Software — Form 5500 filings & benefit plans

Form 5500 plan sponsor summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Drake Software (EIN 26-1539542) is a plan sponsor located in Franklin, NC with 1 reported benefit plan(s) in the loaded dataset. The latest loaded Form 5500 filing year is 2023.

Company overview (based on loaded 2023 public filings)

EIN
26-1539542
Location
Franklin, NC
Loaded plans
4
Latest filing year
2023

This is a company / sponsor profile — aggregate totals across all of this employer's loaded plans. Open an individual plan below for its own full financial statement.

What stands out for Drake Software

  • 4 loaded plans hold $60.9M in reported assets.
  • The largest, Drake Software LLC 401(K) Plan, holds 100% of this company's reported plan assets.
  • Plans cover 2,874 reported participants.
  • 1 of 4 plans report full financial statements.
  • 1 report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$60.9MSummed across loaded plans$60,919,330
Total reported assets$60.9M$60,919,330
Total reported participants2.9K2,874
Total reported liabilities$0

Reported net position

Reported assets = net assets + liabilities (summed)$60.9M total assets
Net assets$60.9MLiabilities$0
Contributions & income
Employer contributions$3.3M
Participant contributions$6.7M
Total income / additions$17.6M
Expenses & distributions
Benefits paid / distributions$5.8M
Total expenses$6.1M
Net increase / (decrease)$11.6M

Data coverage

Plans with financial statements1 / 4 (25%)
Plans with provider compensation1 / 4 (25%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for this company's plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Portfolio comparison

Largest plan share of assets100%Drake Software LLC 401(K) Plan
Participants per plan719Average across loaded plans
Loaded plans4
Ranked by reported assets

Largest loaded plans

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    Drake Software LLC 401(K) Plan$60.9M
    Plan #001 · 1,179 participants · 2023
  2. 2
    Drake Software LLC Employees Life And Ad&D Plannot reported in the loaded dataset
    Plan #502 · 641 participants · 2023
  3. 3
    Health Care Benefits Plan For The Employees Of Dra Software, LLCnot reported in the loaded dataset
    Plan #501 · 560 participants · 2023
  4. 4
    Voluntary Benefits Plan For The Employees Of Drake Software, LLCnot reported in the loaded dataset
    Plan #503 · 494 participants · 2023

All loaded plans by assets → · By participants → · With financial statements → · With provider compensation →

EFAST2 filings

Latest loaded filings

Most recent loaded Form 5500 filings for Drake Software. Open one for its full reported snapshot.

  1. 2023
    Health Care Benefits Plan For The Employees Of Dra Software, LLC560 participants · 2No schedules
    View filing →
  2. 2023
    Drake Software LLC Employees Life And Ad&D Plan641 participants · 2No schedules
    View filing →
  3. 2023
    Voluntary Benefits Plan For The Employees Of Drake Software, LLC494 participants · 2No schedules
    View filing →
  4. 2023
    Drake Software LLC 401(K) Plan1,179 participants · 2Sch HSch C
    View filing →

What to inspect next

Frequently asked questions

How many benefit plans does Drake Software report on Form 5500?
Drake Software (EIN 26-1539542) reports 1 benefit plan(s) in the loaded Form 5500 dataset.
What is the EIN for Drake Software?
The Employer Identification Number (EIN) reported for Drake Software is 26-1539542.
What is the latest Form 5500 filing year for Drake Software?
The latest loaded Form 5500 filing year for Drake Software is 2023.

Related Form 5500 pages