Software Specialists, Inc. 401(K) Plan — Form 5500 plan (Software Specialists, Inc.)

Plain-English plan 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, Software Specialists, Inc. 401(K) Plan is a benefit plan reported by Software Specialists, Inc. under EIN 25-1643937 and plan number 001. The latest loaded filing year is 2023. The filing reports 460 participants and $8,250,976 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8.3MPlan net assets, end of year$8,250,976
Participants460Covered participants reported
Assets / participant$17.9KComputed: assets ÷ participants$17,937 (computed)
Provider compensation$24.4K2 Schedule C provider row(s)$24,440
Plan sponsor
Software Specialists, Inc.
EIN
25-1643937
Plan number
001
Plan type
2
Location
Cranberry Township, PA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023460H, C20241204153215NAL0004020657001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$8.3M total assets
Net assets$8.3MLiabilities
Money in vs. money out
Total income / additions$2.6M
Total expenses$1.9M
Benefits paid / distributions$1.9M
Contributions
Employer$185K
Participant$959.7K
Full reported line items

Net assets

Total assets (EOY)
$8,250,976
Net assets (EOY)
$8,250,976
Net assets (BOY)
$7,618,356

Income & contributions

Employer contributions
$185,000
Participant contributions
$959,728
Total contributions
$1,163,109
Total income / additions
$2,555,968

Expenses & distributions

Benefits paid
$1,912,879
Administrative expenses
$10,469
Total expenses
$1,923,348
Net increase / (decrease)
$632,620
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 16%Participant 84%
Total expenses ÷ net assets23%Computed ratio
Benefits paid ÷ total income75%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Northwest Savings BankTRUSTEE, UNRELATED$24,440not reported in the loaded dataset2023
DefinitiNONE$0not reported in the loaded dataset2023

Related Form 5500 pages