Nwt 401(K) Profit Sharing Plan — Form 5500 plan (Newwave Telecom & Technologies)
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, Nwt 401(K) Profit Sharing Plan is a benefit plan reported by Newwave Telecom & Technologies under EIN 20-1439479 and plan number 001. The latest loaded filing year is 2023. The filing reports 395 participants and $21,950,876 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Newwave Telecom & Technologies
- EIN
- 20-1439479
- Plan number
- 001
- Plan type
- 2
- Location
- Windsor Mills, MD
- Latest filing year
- 2023
- Participants
- 395
- End-of-year plan assets
- $21,950,876
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 395 | H, C | 20241011123232NAL0022741809001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,950,876
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,950,876
- Net assets (BOY)
- $19,036,677
Income & contributions
- Employer contributions
- $951,374
- Participant contributions
- $1,822,054
- Total contributions
- $2,911,842
- Total income / additions
- $6,316,942
Expenses & distributions
- Benefits paid
- $3,312,113
- Administrative expenses
- $52,212
- Total expenses
- $3,402,743
- Net increase / (decrease)
- $2,914,199
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Commonwealth Equity Services, Inc. | INVESTMENT/FINANCIAL ADVI | $39,924 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $12,288 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |