Retirement Plans

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Retirement Plans

Retirement Plans

Deferred Compensation Plan

Deferred compensation plan expense (income) was $4,146 and $(5,138) for the three months ended March 31, 2023 and 2022, respectively.

For the three months ended March 31, 2023 and 2022, elective participant deferrals into the Company’s unfunded amended and restated Bentley Systems, Incorporated Nonqualified Deferred Compensation Plan (the “DCP”) were $1,533 and $669, respectively. No discretionary contributions were made to the DCP during the three months ended March 31, 2023 and 2022. As of March 31, 2023 and December 31, 2022, phantom shares of the Company’s Class B Common Stock issuable by the DCP were 20,231,452 and 21,587,831, respectively.

The total liabilities related to the DCP is included in the consolidated balance sheets as follows:

	March 31, 2023		December 31, 2022
Accruals and other current liabilities	$	2,133	$	2,067
Deferred compensation plan liabilities	80,674		77,014
Total DCP liabilities	$	82,807	$	79,081