2023 Form 5500 filing — Betterworks Systems, Inc. 401k 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 20240603171532NAL0008980451001) for Betterworks Systems, Inc. 401k Plan, reported by Betterworks Systems, Inc. under EIN 46-3600525 and plan number 001. It reports 186 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)$0Reported net assets

Participants186

Provider compensation$15.5K2 Schedule C row(s)$15,458

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20240603171532NAL0008980451001
Plan sponsor: Betterworks Systems, Inc.
EIN: 46-3600525
Plan number: 001
Location: Menlo Park, CA
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.

Money in vs. money out

Total income / additions$2.2M

Total expenses$748.6K

Benefits paid / distributions$738.3K

Contributions

Employer$0

Participant$1.1M

Full reported line items

Total assets (EOY): $0
Total liabilities (EOY): $0
Net assets (EOY): $0
Employer contributions: $0
Participant contributions: $1,149,534
Total income / additions: $2,219,732
Benefits paid: $738,316
Administrative expenses: $2,749
Total expenses: $748,606
Net increase / (decrease): $1,471,126

Schedule C

Reported service provider compensation

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

1
Wells Fargo Advisors Ins Agency LLC$14.2K
OTHER SERVICES · Direct $0 · Indirect $14.2K
2
Principal Life Insurance Company$1.2K
CONTRACT ADMINISTRATOR · Direct $1.2K · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240603171532NAL0008980451001 cover?: It is the 2023 Form 5500 filing for Betterworks Systems, Inc. 401k Plan, reported by Betterworks Systems, Inc. (EIN 46-3600525).
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).