Plan Ledger DOL Form 5500 · updated monthly

Bitwise Industries, Inc.401(k)

BITWISE INDUSTRIES, INC. 401(K) PLAN · WILMINGTON, DE · plan year 2023

Reported admin expense ratio · 2023
1.07%

Bitwise Industries, Inc. reported $121,599 in plan administrative expenses for 2023: 1.07% of average plan assets, higher than ~90% of peers. 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 1 year on file its reported administrative ratio rose from 0.90% to 1.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Delaware (130th of 242), and 7,019th of 11,654 in professional & technical services. In 2023, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,277,108
Participants with balances815
Active participants0
Employer contributions$500,935
Employee contributions$1,138,780
Employer contribution per active participant—
Average account balance$16,291
Benefits paid to participants$224,823
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$13.3M · 815 accts · $501K emplr
2022$9.4M · 798 accts · $1.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$80,174
Investment management$41,425
Total administrative$121,599
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$3,435
PRINCIPAL SECURITIES, INC. · Investment advisory (participants)$41,425

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024Not separately reported
2023$121,599 · 1.07%
2022$65,187 · 0.90%
Similar plansProfessional & Technical Services · Delaware
Prelude Therapeutics, Inc DE$17.4M · 0.24%
Toptal DE$16.1M · 0.49%
Ion Geophysical Corporation DE$15.5M · 0.11%
Babylon Inc. DE$13.7M · 0.48%
Mbms, LLC DE$12.8M · 0.48%
Truveris Inc DE$11.9M · 0.02%
Whele HR LLC DE$7.6M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471635652 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.