Plan Ledger DOL Form 5500 · updated monthly

Bitwise, Inc.401(k)

BITWISE, INC. 401(K) RETIREMENT PLAN · SCHAUMBURG, IL · plan year 2024

Reported admin expense ratio · 2024
0.26%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Bitwise, Inc. reported $22,825 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $813 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Illinois (2,399th of 3,702), and 8,055th of 11,654 in professional & technical services. In 2024, employees put in $7.57 for every $1.00 the employer contributed; active participation has grown from 129 to 149 since 2022.

Plan summary
Net assets, end of year$9,806,564
Participants with balances196
Active participants149
Employer contributions$121,101
Employee contributions$916,996
Employer contribution per active participant$813
Average account balance$50,033
Benefits paid to participants$550,926
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 196 accts · $121K emplr
2023$8.0M · 201 accts · $118K emplr
2022$6.0M · 175 accts · $133K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,120
Investment management$20,705
Total administrative$22,825
The Bitwise, Inc. 401(k) match · 2024
Employer contribution per active participant$813
Median for plans this size$1,313
2024$813 per active participant
2023$864 per active participant
2022$1,031 per active participant

Bitwise, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
GALLAGHER BENEFIT SERVICES · Recordkeeping · Trustee$20,705
ADP, INC. · Loan processing · Recordkeeping$2,120
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, GALLAGHER BENEFIT SERVICES
2023ADP, GALLAGHER BENEFIT SERVICES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,825 · 0.26%
2023$17,315 · 0.25%
2022$16,677 · 0.27%
Similar plansProfessional & Technical Services · Illinois
Zifo Technologies, Inc. IL$10.2M · 0.10%
The Gori Law Firm, PC IL$10.2M · 0.46%
Demark, Inc. IL$10.1M · 0.29%
Teza Technologies LLC IL$10.0M · 0.11%
Creata (USA) Inc. IL$9.5M · 0.24%
Teamsnap, Inc. IL$9.4M · 0.27%
Ascend Technologies, LLC IL$9.3M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364090217 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.