Plan5500

Wits Solutions Inc. 401(K) Plan — Form 5500 plan (Wits Solutions 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, Wits Solutions Inc. 401(K) Plan is a benefit plan reported by Wits Solutions Inc. under EIN 26-3877344 and plan number 001. The latest loaded filing year is 2023. The filing reports 155 participants and $382,637 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$382.6KPlan net assets, end of year$382,637
Participants155Covered participants reported
Assets / participant$2.5KComputed: assets ÷ participants$2,469 (computed)
Provider compensation$11.7K1 Schedule C provider row(s)$11,720
Plan sponsor
Wits Solutions Inc.
EIN
26-3877344
Plan number
001
Plan type
2
Location
Ashburn, VA
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    155 participants · 2Sch HSch C
    View filing →
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)$382.6K total assets
Net assets$382.6KLiabilities$0
Money in vs. money out
Total income / additions$268.5K
Total expenses$122K
Benefits paid / distributions$97.3K
Contributions
Employer$32.9K
Participant$169.1K
Full reported line items

Net assets

Total assets (EOY)
$382,637
Total liabilities (EOY)
$0
Net assets (EOY)
$382,637
Net assets (BOY)
$236,204

Income & contributions

Employer contributions
$32,944
Participant contributions
$169,137
Total contributions
$217,999
Total income / additions
$268,466

Expenses & distributions

Benefits paid
$97,252
Administrative expenses
$11,721
Total expenses
$122,033
Net increase / (decrease)
$146,433
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 assets32%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets3%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Adp, Inc.$11.7K
    RECORD KEEPER · Direct $11.7K · Indirect $0

Related Form 5500 pages