Plan Snapshot
- Plan Sponsor: Bitwise Industries, INC.
- Sponsor EIN: 471635652
- Sponsor Address: 919 N MARKET ST, STE 460, WILMINGTON, DE, 198013014
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $13.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 0 | $13.3M | $500,935 | $1.1M |
| 2022 | 779 | $9.4M | $1.3M | $3.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL SECURITIES, INC. | Other Service Provider | $41,425 | — | $41,425 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,425
- Estimated Expense Ratio: 0.312% 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 |
|---|---|---|---|---|---|
| 2023 | $121,599 | $41,425 | $80,174 | — | — |
| 2022 | $65,187 | $9,847 | $49,379 | — | $5,872 |