401(k) · DOL Form 5500 · 2022

Drake Software LLC 401(k) Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
882
Participants Near avg headcount
83rd
Percentile by assets National rank
$33,714
Avg per participant Low balance/head
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Official DOL plan name: Drake Software LLC 401(k) Plan · Sponsored by Drake Software LLC · North Carolina · Professional & Technical Services

$30M in assets, 882 participants

Drake Software LLC's Drake Software LLC 401(k) Plan reported $30M in total assets and 882 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #17,958 in Professional & Technical Services (21,562 peers)

Where Drake Software LLC 401(k) Plan sits by assets

Drake Software LLC 401(k) Plan sits in the top quartile of all filed plans by assets, $30M for 882 participants (~$33,714/participant), down 7.6% in 2022.

#17,958
in Professional & Technical Services (21,562 peers)
-7.6%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Drake Software LLC 401(k) Plan's outsized position by total assets

Drake Software LLC 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$29,735,805 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Drake Software LLC 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Drake Software LLC 401(k) Plan sits mid-pack in the medium band (882 participants).

Form 5500 schedule snapshot

Filing strip 261539542 · Drake Software LLC PY 2022 · 401(k)

Drake Software LLC 401(k) Plan · $30M · 882 · 83rd

  • IND $30M
  • EOY 882
  • 5500 83rd
  • ASSETS 401(k)
  • PCT near Strong & Hanni 401(k) Profit Sharing Plan
  • EIN ind #17958

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in North Carolina →

Drake Software LLC 401(k) Plan in the asset neighbourhood

Drake Software LLC 401(k) PlanDrake Software LLC 401(k) Pl…$30MStrong & Hanni 401(k) Profit Sharing PlanStrong & Hanni 401(k) Profit…$30MWestern Health Advantage Savings & Retirement PlanWestern Health Advantage Sav…$30MGexpro Services 401(k) Savings PlanGexpro Services 401(k) Savin…$30MGulfport Energy Corporation 401(k) Profit Sharing PlanGulfport Energy Corporation …$30M
End-of-year total assets ($M) among Drake Software LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$30M
Net Income-$2M
Employer EIN261539542
Plan Effective Date1994-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Drake Software LLC)

Sponsor-wide plan assets over time

All Drake Software LLC plans reported in each filing year

Latest sponsor-wide plan assets
$61M 104.86860873616838% vs 2022
2023 filing year
$20M$30M$40M$50M$60M$70M 20222023 $29.7M $60.9M ▲ +104.8%
Year Plans Participants Total Assets
2022 1 882 $30M
2023 1 1,105 $61M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Drake Software LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Drake Software LLC 401(k) Plan, Total assets ($B): 0.029735805 · Participants: 882Drake Software LLC 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Drake Software LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Drake Software LLC 401(k) Plan side-by-side with 3 peers →

Drake Software LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Strong & Hanni 401(k) Profit Sharing Plan in UT ($30M); by covered participants it is Old Second Bancorp, Inc Employees 401(k) Savings Plan & Trust in IL (882 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (882 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Drake Software LLC 401(k) Plan assets move in 2022? ▼
Drake Software LLC 401(k) Plan pulled back noticeably - down 7.6% during 2022, from $32M to $30M. Reported net income was -$2M.
How have Drake Software LLC plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Drake Software LLC's sponsor-wide assets grew 104.9%, from $30M to $61M.
Where does Drake Software LLC 401(k) Plan rank by assets among Form 5500 filers? ▼
Drake Software LLC 401(k) Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Drake Software LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Strong & Hanni 401(k) Profit Sharing Plan in UT ($30M, 116 participants).
Which 401(k) plans cover a similar participant headcount to Drake Software LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Old Second Bancorp, Inc Employees 401(k) Savings Plan & Trust in IL (882 participants, $76M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 261539542.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.