Basware Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Basware 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, Basware Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Basware Inc under EIN 98-0383758 and plan number 001. The latest loaded filing year is 2023. The filing reports 172 participants and $13,245,859 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Basware Inc
- EIN
- 98-0383758
- Plan number
- 001
- Plan type
- 2
- Location
- Fort Mill, SC
- Latest filing year
- 2023
- Participants
- 172
- End-of-year plan assets
- $13,245,859
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 172 | H, C | 20241002103943NAL0004728931001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,245,859
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,245,859
- Net assets (BOY)
- $11,893,232
Income & contributions
- Employer contributions
- $384,099
- Participant contributions
- $1,089,844
- Total contributions
- $1,959,914
- Total income / additions
- $4,217,765
Expenses & distributions
- Benefits paid
- $2,800,977
- Administrative expenses
- $64,161
- Total expenses
- $2,865,138
- Net increase / (decrease)
- $1,352,627
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Paychex Inc | RECORDKEEPER | $32,213 | not reported in the loaded dataset | 2023 |
| Excel Wealth Management LLC | ADVISOR | $31,246 | not reported in the loaded dataset | 2023 |