Software Specialists, Inc. 401(K) Plan — Form 5500 plan (Software Specialists, 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, Software Specialists, Inc. 401(K) Plan is a benefit plan reported by Software Specialists, Inc. under EIN 25-1643937 and plan number 001. The latest loaded filing year is 2023. The filing reports 460 participants and $8,250,976 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.3MPlan net assets, end of year$8,250,976
Participants460Covered participants reported
Assets / participant$17.9KComputed: assets ÷ participants$17,937 (computed)
Provider compensation$24.4K2 Schedule C provider row(s)$24,440
- Plan sponsor
- Software Specialists, Inc.
- EIN
- 25-1643937
- Plan number
- 001
- Plan type
- 2
- Location
- Cranberry Township, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 460 | H, C | 20241204153215NAL0004020657001 |
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)$8.3M total assets
Net assets$8.3MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $8,250,976
- Net assets (EOY)
- $8,250,976
- Net assets (BOY)
- $7,618,356
Income & contributions
- Employer contributions
- $185,000
- Participant contributions
- $959,728
- Total contributions
- $1,163,109
- Total income / additions
- $2,555,968
Expenses & distributions
- Benefits paid
- $1,912,879
- Administrative expenses
- $10,469
- Total expenses
- $1,923,348
- Net increase / (decrease)
- $632,620
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.
16%84%
Employer 16%Participant 84%
Total expenses ÷ net assets23%Computed ratio
Benefits paid ÷ total income75%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Northwest Savings Bank | TRUSTEE, UNRELATED | $24,440 | not reported in the loaded dataset | 2023 |
| Definiti | NONE | $0 | not reported in the loaded dataset | 2023 |