2023 Form 5500 filing — Nwt 401(K) Profit Sharing 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 20241011123232NAL0022741809001) for Nwt 401(K) Profit Sharing Plan, reported by Newwave Telecom & Technologies under EIN 20-1439479 and plan number 001. It reports 395 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011123232NAL0022741809001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Newwave Telecom & Technologies
- EIN
- 20-1439479
- Plan number
- 001
- Location
- Windsor Mills, MD
- Participants
- 395
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,950,876
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,950,876
- Employer contributions
- $951,374
- Participant contributions
- $1,822,054
- Total income / additions
- $6,316,942
- Benefits paid
- $3,312,113
- Administrative expenses
- $52,212
- Total expenses
- $3,402,743
- Net increase / (decrease)
- $2,914,199
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Commonwealth Equity Services, Inc. | INVESTMENT/FINANCIAL ADVI | $39,924 | $0 |
| Adp, Inc. | RECORD KEEPER | $12,288 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |