Plan5500

Taxbit 401(K) Plan — Form 5500 plan (Taxbit, 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, Taxbit 401(K) Plan is a benefit plan reported by Taxbit, Inc. under EIN 83-3266436 and plan number 001. The latest loaded filing year is 2023. The filing reports 285 participants and $3,867,777 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Taxbit, Inc.
EIN
83-3266436
Plan number
001
Plan type
2
Location
Draper, UT
Latest filing year
2023
Participants
285
End-of-year plan assets
$3,867,777

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023285H, C20241017172310NAL0033299105001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$3,867,777
Total liabilities (EOY)
$0
Net assets (EOY)
$3,867,777
Net assets (BOY)
$1,587,725

Income & contributions

Participant contributions
$2,226,619
Total contributions
$2,485,691
Total income / additions
$3,002,429

Expenses & distributions

Benefits paid
$683,494
Administrative expenses
$19,267
Total expenses
$722,377
Net increase / (decrease)
$2,280,052

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Forusall, Inc.ADMINISTRATOR$10,267not reported in the loaded dataset2023
At Retirement Services, LLCN/A$9,000not reported in the loaded dataset2023

Related Form 5500 pages