2023 Form 5500 filing — Bandwidth Inc. 401(K) Profit Sharing And Trust
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 20241001153252NAL0003417715001) for Bandwidth Inc. 401(K) Profit Sharing And Trust, reported by Bandwidth Inc. under EIN 56-2242657 and plan number 001. It reports 1,203 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001153252NAL0003417715001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bandwidth Inc.
- EIN
- 56-2242657
- Plan number
- 001
- Location
- Raleigh, NC
- Participants
- 1,203
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $89,414,401
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $89,414,401
- Employer contributions
- $3,973,724
- Participant contributions
- $9,339,237
- Total income / additions
- $28,620,079
- Benefits paid
- $4,040,654
- Administrative expenses
- $107,197
- Total expenses
- $4,147,858
- Net increase / (decrease)
- $24,472,221
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ubs Financial Services Inc | ADVISOR | $88,597 | not reported in the loaded dataset |
| Hughes Pittman & Gupton Llp | ACCOUNTANT/AUDITOR | $13,600 | not reported in the loaded dataset |
| Cherry Bekaert Llp | ACCOUNTANT/AUDITOR | $5,000 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$101,009 | $0 |