Plan Snapshot
- Plan Sponsor: Bandwidth INC.
- Sponsor EIN: 562242657
- Sponsor Address: 2230 BANDMATE WAY, RALEIGH, NC, 27607
- Plan Type: 401(k)
- Total Participants: 871
- Total Assets: $107.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 871 | $107.9M | $3.9M | $9.2M |
| 2023 | 894 | $89.4M | $4.0M | $9.3M |
| 2022 | 879 | $64.9M | $3.8M | $8.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | ADVISOR | $116,596 | — | $116,596 |
| EISNERAMPER LLP | ACCOUNTANT/AUDITOR | $14,000 | — | $14,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — ADVISOR
- EISNERAMPER LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $130,596
- Estimated Expense Ratio: 0.121% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $130,596 | $116,596 | — | $14,000 | — |
| 2023 | $107,197 | $88,597 | — | $18,600 | — |
| 2022 | $113,377 | — | — | — | — |