Potomacwave Consulting 401k — Form 5500 plan (Potomacwave Consulting)
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, Potomacwave Consulting 401k is a benefit plan reported by Potomacwave Consulting under EIN 20-8085906 and plan number 001. The latest loaded filing year is 2023. The filing reports 307 participants and $10,539,622 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.5MPlan net assets, end of year$10,539,622
Participants307Covered participants reported
Assets / participant$34.3KComputed: assets ÷ participants$34,331 (computed)
Provider compensation$3.4K2 Schedule C provider row(s)$3,365
- Plan sponsor
- Potomacwave Consulting
- EIN
- 20-8085906
- Plan number
- 001
- Plan type
- 2
- Location
- Alexandria, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 307 | H, C | 20240930050955NAL0010527410001 |
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)$10.5M total assets
Net assets$10.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $10,539,622
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,539,622
- Net assets (BOY)
- $8,382,933
Income & contributions
- Employer contributions
- $320,183
- Participant contributions
- $1,258,911
- Total contributions
- $1,654,005
- Total income / additions
- $3,304,870
Expenses & distributions
- Benefits paid
- $1,115,687
- Administrative expenses
- $3,366
- Total expenses
- $1,148,181
- Net increase / (decrease)
- $2,156,689
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.
20%80%
Employer 20%Participant 80%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $3,365 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |