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Retirement Plans
 3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Retirement Plans Retirement Plans
Deferred Compensation Plan
Deferred compensation plan expense was $5,799 and $4,146 for the three months ended March 31, 2024 and 2023, respectively.
For the three months ended March 31, 2024 and 2023, elective participant deferrals into the Company’s unfunded amended and restated Bentley Systems, Incorporated Nonqualified Deferred Compensation Plan (the “DCP”) were $58 and $1,533, respectively. No discretionary contributions were made to the DCP during the three months ended March 31, 2024 and 2023. As of March 31, 2024 and December 31, 2023, 16,847,673 and 17,364,980 phantom shares of the Company’s Class B common stock were distributable under the DCP, respectively. As of March 31, 2024, shares of Class B common stock available for future issuance under the DCP were 4,401,185.
The total liabilities related to the DCP is included in the consolidated balance sheets as follows:
March 31, 2024December 31, 2023
Accruals and other current liabilities$2,460 $2,355 
Deferred compensation plan liabilities93,402 88,181 
Total DCP liabilities$95,862 $90,536