Civic Intelligence

Business IT Source Inc.

Plan context: Business IT Source Inc. 401K Profit Sharing Plan

EIN 41-2274595 • Buffalo Grove, IL • 13 filings • 3 plans

850 Asbury DriveUnit BBuffalo Grove, IL 60089
Current Snapshot

Latest Year

2023

2023 Participants

108

2023 Assets

$7,185,913

2023 Contributions

$1,564,749

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$7,185,913$3,592,957$0201220182023YearValue
$7,185,913Latest year 2023

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

108540201220182023YearValue
108Latest year 2023

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20232108$7,185,913$1,564,749$14,488iApproximate average salary by contribution assumption: employee only about $362,210 at 4% or $241,474 at 6%; with 50% employer match about $241,474 at 4% or $160,982 at 6%; with 100% employer match about $181,105 at 4% or $120,737 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-108$7,185,913$1,471,038$13,621iApproximate average salary by contribution assumption: employee only about $340,518 at 4% or $227,012 at 6%; with 50% employer match about $227,012 at 4% or $151,341 at 6%; with 100% employer match about $170,259 at 4% or $113,506 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-0$0$93,711-
20221100$4,897,118$852,697$8,527iApproximate average salary by contribution assumption: employee only about $213,174 at 4% or $142,116 at 6%; with 50% employer match about $142,116 at 4% or $94,744 at 6%; with 100% employer match about $106,587 at 4% or $71,058 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-100$4,897,118$852,697$8,527iApproximate average salary by contribution assumption: employee only about $213,174 at 4% or $142,116 at 6%; with 50% employer match about $142,116 at 4% or $94,744 at 6%; with 100% employer match about $106,587 at 4% or $71,058 at 6%.
2021173$5,040,337$686,792$9,408iApproximate average salary by contribution assumption: employee only about $235,203 at 4% or $156,802 at 6%; with 50% employer match about $156,802 at 4% or $104,535 at 6%; with 100% employer match about $117,601 at 4% or $78,401 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-73$5,040,337$686,792$9,408iApproximate average salary by contribution assumption: employee only about $235,203 at 4% or $156,802 at 6%; with 50% employer match about $156,802 at 4% or $104,535 at 6%; with 100% employer match about $117,601 at 4% or $78,401 at 6%.
2020165$3,709,741$605,187$9,311iApproximate average salary by contribution assumption: employee only about $232,764 at 4% or $155,176 at 6%; with 50% employer match about $155,176 at 4% or $103,451 at 6%; with 100% employer match about $116,382 at 4% or $77,588 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-65$3,709,741$605,187$9,311iApproximate average salary by contribution assumption: employee only about $232,764 at 4% or $155,176 at 6%; with 50% employer match about $155,176 at 4% or $103,451 at 6%; with 100% employer match about $116,382 at 4% or $77,588 at 6%.
2019143$2,652,912$485,814$11,298iApproximate average salary by contribution assumption: employee only about $282,450 at 4% or $188,300 at 6%; with 50% employer match about $188,300 at 4% or $125,533 at 6%; with 100% employer match about $141,225 at 4% or $94,150 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-43$2,652,912$485,814$11,298iApproximate average salary by contribution assumption: employee only about $282,450 at 4% or $188,300 at 6%; with 50% employer match about $188,300 at 4% or $125,533 at 6%; with 100% employer match about $141,225 at 4% or $94,150 at 6%.
2018138$1,754,862$376,475$9,907iApproximate average salary by contribution assumption: employee only about $247,681 at 4% or $165,121 at 6%; with 50% employer match about $165,121 at 4% or $110,080 at 6%; with 100% employer match about $123,840 at 4% or $82,560 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-38$1,754,862$376,475$9,907iApproximate average salary by contribution assumption: employee only about $247,681 at 4% or $165,121 at 6%; with 50% employer match about $165,121 at 4% or $110,080 at 6%; with 100% employer match about $123,840 at 4% or $82,560 at 6%.
2017130$1,508,290$297,399$9,913iApproximate average salary by contribution assumption: employee only about $247,832 at 4% or $165,222 at 6%; with 50% employer match about $165,222 at 4% or $110,148 at 6%; with 100% employer match about $123,916 at 4% or $82,611 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-30$1,508,290$297,399$9,913iApproximate average salary by contribution assumption: employee only about $247,832 at 4% or $165,222 at 6%; with 50% employer match about $165,222 at 4% or $110,148 at 6%; with 100% employer match about $123,916 at 4% or $82,611 at 6%.
2016132$1,070,089$280,288$8,759iApproximate average salary by contribution assumption: employee only about $218,975 at 4% or $145,983 at 6%; with 50% employer match about $145,983 at 4% or $97,322 at 6%; with 100% employer match about $109,488 at 4% or $72,992 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-32$1,070,089$280,288$8,759iApproximate average salary by contribution assumption: employee only about $218,975 at 4% or $145,983 at 6%; with 50% employer match about $145,983 at 4% or $97,322 at 6%; with 100% employer match about $109,488 at 4% or $72,992 at 6%.
2015121$736,925$224,813$10,705iApproximate average salary by contribution assumption: employee only about $267,635 at 4% or $178,423 at 6%; with 50% employer match about $178,423 at 4% or $118,949 at 6%; with 100% employer match about $133,817 at 4% or $89,212 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-21$736,925$224,813$10,705iApproximate average salary by contribution assumption: employee only about $267,635 at 4% or $178,423 at 6%; with 50% employer match about $178,423 at 4% or $118,949 at 6%; with 100% employer match about $133,817 at 4% or $89,212 at 6%.
2014119$573,644$180,283$9,489iApproximate average salary by contribution assumption: employee only about $237,214 at 4% or $158,143 at 6%; with 50% employer match about $158,143 at 4% or $105,429 at 6%; with 100% employer match about $118,607 at 4% or $79,071 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-19$573,644$180,283$9,489iApproximate average salary by contribution assumption: employee only about $237,214 at 4% or $158,143 at 6%; with 50% employer match about $158,143 at 4% or $105,429 at 6%; with 100% employer match about $118,607 at 4% or $79,071 at 6%.
2013116$368,443$221,524$13,845iApproximate average salary by contribution assumption: employee only about $346,131 at 4% or $230,754 at 6%; with 50% employer match about $230,754 at 4% or $153,836 at 6%; with 100% employer match about $173,066 at 4% or $115,377 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-16$368,443$221,524$13,845iApproximate average salary by contribution assumption: employee only about $346,131 at 4% or $230,754 at 6%; with 50% employer match about $230,754 at 4% or $153,836 at 6%; with 100% employer match about $173,066 at 4% or $115,377 at 6%.
2012115$112,217$109,146$7,276iApproximate average salary by contribution assumption: employee only about $181,910 at 4% or $121,273 at 6%; with 50% employer match about $121,273 at 4% or $80,849 at 6%; with 100% employer match about $90,955 at 4% or $60,637 at 6%.
Business IT Source Inc. 401K Profit Sharing Plan-15$112,217$109,146$7,276iApproximate average salary by contribution assumption: employee only about $181,910 at 4% or $121,273 at 6%; with 50% employer match about $121,273 at 4% or $80,849 at 6%; with 100% employer match about $90,955 at 4% or $60,637 at 6%.