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Retirement Plans
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Retirement Plans Retirement Plans
Deferred Compensation Plan
Deferred compensation plan expense (income) was $6,983 and $(3,160) for the three months ended September 30, 2024 and 2023, respectively, and $13,665 and $4,763 for the nine months ended September 30, 2024 and 2023, respectively.
For the three months ended September 30, 2024 and 2023, elective participant deferrals into the Company’s unfunded amended and restated Bentley Systems, Incorporated Nonqualified Deferred Compensation Plan (the “DCP”) were $43 and $61, respectively, and $144 and $1,712 for the nine months ended September 30, 2024 and 2023, respectively. No discretionary contributions were made to the DCP during the three and nine months ended September 30, 2024 and 2023. As of September 30, 2024 and December 31, 2023, 12,764,635 and 17,364,980 phantom shares of the Company’s Class B common stock were distributable under the DCP, respectively. As of September 30, 2024, shares of Class B common stock available for future issuance under the DCP were 4,366,691.
The total liabilities related to the DCP is included in the consolidated balance sheets as follows:
September 30, 2024December 31, 2023
Accruals and other current liabilities$3,833 $2,355 
Deferred compensation plan liabilities97,932 88,181 
Total DCP liabilities$101,765 $90,536