2023 Form 5500 filing — Drake Software LLC 401(K) Plan

Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015150244NAL0050064880001) for Drake Software LLC 401(K) Plan, reported by Drake Software under EIN 26-1539542 and plan number 001. It reports 1,179 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$60.9MReported net assets$60,919,330

Participants1.2K1,179

Provider compensation$322.3K5 Schedule C row(s)$322,323

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20241015150244NAL0050064880001
Plan sponsor: Drake Software
EIN: 26-1539542
Plan number: 001
Location: Franklin, NC
Received date: not reported in the loaded dataset

How to read this filing

This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
Schedule chips (Sch H / I / C) show which schedules this filing includes.
Net assets = total assets minus total liabilities (Schedule H/I).
Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
For the plan's full history, open the plan profile.

Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$60.9M total assets

Net assets$60.9MLiabilities$0

Money in vs. money out

Total income / additions$17.6M

Total expenses$6.1M

Benefits paid / distributions$5.8M

Contributions

Employer$3.3M

Participant$6.7M

Full reported line items

Total assets (EOY): $60,919,330
Total liabilities (EOY): $0
Net assets (EOY): $60,919,330
Employer contributions: $3,317,407
Participant contributions: $6,665,047
Total income / additions: $17,639,555
Benefits paid: $5,825,696
Administrative expenses: $243,335
Total expenses: $6,075,190
Net increase / (decrease): $11,564,365

Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

1
Principal Life Insurance Company$243.3K
CONTRACT ADMINISTRATOR · Direct $243.3K · Indirect $0
2
Sowell Management Services$53.4K
INVESTMENT ADVISORY · Direct $0 · Indirect $53.4K
3
Creative Planning, Inc.$25.5K
INVESTMENT ADVISORY · Direct $0 · Indirect $25.5K
4
Creative Planning, LLC$0
INV ADV, PARTICIPANTS · Direct $0 · Indirect $0
5
Wilshire Advisors LLC$0
INVESTMENT ADVISORY · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241015150244NAL0050064880001 cover?: It is the 2023 Form 5500 filing for Drake Software LLC 401(K) Plan, reported by Drake Software (EIN 26-1539542).
Which Form 5500 schedules are attached to this 2023 filing?: Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).