Bandwidth Inc. 401(k) Review & Grade
Bandwidth Inc. 401(k) Profit Sharing and Trust
Raleigh, NCInformation882 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,408Employer $ per active participant
$10,456Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$107.9MNet plan assets, end of year
$99,173Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 67th |
| Employee saving | 61th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,834 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bandwidth put in about $4,408 per active participant, more than the typical peer ($2,829). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,890,219 |
| Participant (employee) contributions | $9,227,291 |
| Other contributions (incl. rollovers in) | $799,500 |
| Administrative expenses paid from the plan | $130,596 |
| Investment advisory & management fees | $116,596 |
| Benefits paid out | $9,102,191 |
| Net assets, start / end of year | $89.4M / $107.9M |
| Active participants, start / end of year | 894 / 871 |
| Participants with account balances | 1,088 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $116,596 reported compensation |
| Eisneramper LLP | $14,000 reported compensation |
| Fidelity Investments Institutional | −$95,065 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006125946NAL0002072531001, received 2025-10-06, EIN 56-2242657, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.