Civic Intelligence

Bits Inc.

Plan context: Bits Inc. 401K Profit Sharing Plan

EIN 58-1959571 • Raleigh, NC • 27 filings • 4 plans

3900 Merton Drive, Suite 260Raleigh, NC 27609
Current Snapshot

Latest Year

2020

2020 Participants

2

2020 Assets

$1,380,328

2020 Contributions

$34,239

Historical Graphs

Total Assets Over Time

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

$2,210,444$1,105,222$0199920112019YearValue
$1,380,328Latest year 2019

Participants Over Time

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

1580199920092019YearValue
2Latest year 2019

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
202010$0$0-
Bits Inc. 401K Profit Sharing Plan-0---
201912$1,380,328$0-
Bits Inc. 401K Profit Sharing Plan-2$1,380,328--
201811$1,166,096$0-
Bits Inc. 401K Profit Sharing Plan-1$1,166,096--
201711$1,301,647$34,239$34,239iApproximate average salary by contribution assumption: employee only about $855,975 at 4% or $570,650 at 6%; with 50% employer match about $570,650 at 4% or $380,433 at 6%; with 100% employer match about $427,988 at 4% or $285,325 at 6%.
Bits Inc. 401K Profit Sharing Plan-1$1,301,647$34,239$34,239iApproximate average salary by contribution assumption: employee only about $855,975 at 4% or $570,650 at 6%; with 50% employer match about $570,650 at 4% or $380,433 at 6%; with 100% employer match about $427,988 at 4% or $285,325 at 6%.
2016110$2,210,444$69,284$6,928iApproximate average salary by contribution assumption: employee only about $173,210 at 4% or $115,473 at 6%; with 50% employer match about $115,473 at 4% or $76,982 at 6%; with 100% employer match about $86,605 at 4% or $57,737 at 6%.
Bits Inc. 401K Profit Sharing Plan-10$2,210,444$69,284$6,928iApproximate average salary by contribution assumption: employee only about $173,210 at 4% or $115,473 at 6%; with 50% employer match about $115,473 at 4% or $76,982 at 6%; with 100% employer match about $86,605 at 4% or $57,737 at 6%.
2015111$1,939,648$51,665$4,697iApproximate average salary by contribution assumption: employee only about $117,420 at 4% or $78,280 at 6%; with 50% employer match about $78,280 at 4% or $52,187 at 6%; with 100% employer match about $58,710 at 4% or $39,140 at 6%.
Bits Inc. 401K Profit Sharing Plan-11$1,939,648$51,665$4,697iApproximate average salary by contribution assumption: employee only about $117,420 at 4% or $78,280 at 6%; with 50% employer match about $78,280 at 4% or $52,187 at 6%; with 100% employer match about $58,710 at 4% or $39,140 at 6%.
201419$1,853,752$22,396$2,488iApproximate average salary by contribution assumption: employee only about $62,211 at 4% or $41,474 at 6%; with 50% employer match about $41,474 at 4% or $27,649 at 6%; with 100% employer match about $31,106 at 4% or $20,737 at 6%.
Bits Inc. 401K Profit Sharing Plan-9$1,853,752$22,396$2,488iApproximate average salary by contribution assumption: employee only about $62,211 at 4% or $41,474 at 6%; with 50% employer match about $41,474 at 4% or $27,649 at 6%; with 100% employer match about $31,106 at 4% or $20,737 at 6%.
201319$1,578,107$47,974$5,330iApproximate average salary by contribution assumption: employee only about $133,261 at 4% or $88,841 at 6%; with 50% employer match about $88,841 at 4% or $59,227 at 6%; with 100% employer match about $66,631 at 4% or $44,420 at 6%.
Bits Inc. 401K Profit Sharing Plan-9$1,578,107$47,974$5,330iApproximate average salary by contribution assumption: employee only about $133,261 at 4% or $88,841 at 6%; with 50% employer match about $88,841 at 4% or $59,227 at 6%; with 100% employer match about $66,631 at 4% or $44,420 at 6%.
201219$1,301,650$57,185$6,354iApproximate average salary by contribution assumption: employee only about $158,847 at 4% or $105,898 at 6%; with 50% employer match about $105,898 at 4% or $70,599 at 6%; with 100% employer match about $79,424 at 4% or $52,949 at 6%.
Bits Inc. 401K Profit Sharing Plan-9$1,301,650$57,185$6,354iApproximate average salary by contribution assumption: employee only about $158,847 at 4% or $105,898 at 6%; with 50% employer match about $105,898 at 4% or $70,599 at 6%; with 100% employer match about $79,424 at 4% or $52,949 at 6%.
2011112$1,398,832$54,149$4,512iApproximate average salary by contribution assumption: employee only about $112,810 at 4% or $75,207 at 6%; with 50% employer match about $75,207 at 4% or $50,138 at 6%; with 100% employer match about $56,405 at 4% or $37,603 at 6%.
Bits Inc. 401K Profit Sharing Plan-12$1,398,832$54,149$4,512iApproximate average salary by contribution assumption: employee only about $112,810 at 4% or $75,207 at 6%; with 50% employer match about $75,207 at 4% or $50,138 at 6%; with 100% employer match about $56,405 at 4% or $37,603 at 6%.
2010112$1,286,466$56,903$4,742iApproximate average salary by contribution assumption: employee only about $118,548 at 4% or $79,032 at 6%; with 50% employer match about $79,032 at 4% or $52,688 at 6%; with 100% employer match about $59,274 at 4% or $39,516 at 6%.
Bits Inc. 401K Profit Sharing Plan-12$1,286,466$56,903$4,742iApproximate average salary by contribution assumption: employee only about $118,548 at 4% or $79,032 at 6%; with 50% employer match about $79,032 at 4% or $52,688 at 6%; with 100% employer match about $59,274 at 4% or $39,516 at 6%.
2009112$1,207,748$56,851$4,738iApproximate average salary by contribution assumption: employee only about $118,440 at 4% or $78,960 at 6%; with 50% employer match about $78,960 at 4% or $52,640 at 6%; with 100% employer match about $59,220 at 4% or $39,480 at 6%.
Bits Inc. 401K Profit Sharing Plan-12$1,207,748$56,851$4,738iApproximate average salary by contribution assumption: employee only about $118,440 at 4% or $78,960 at 6%; with 50% employer match about $78,960 at 4% or $52,640 at 6%; with 100% employer match about $59,220 at 4% or $39,480 at 6%.
2008110$996,471$55,556$5,556iApproximate average salary by contribution assumption: employee only about $138,890 at 4% or $92,593 at 6%; with 50% employer match about $92,593 at 4% or $61,729 at 6%; with 100% employer match about $69,445 at 4% or $46,297 at 6%.
Bits Inc. 401K Profit Sharing Plan-10$996,471$55,556$5,556iApproximate average salary by contribution assumption: employee only about $138,890 at 4% or $92,593 at 6%; with 50% employer match about $92,593 at 4% or $61,729 at 6%; with 100% employer match about $69,445 at 4% or $46,297 at 6%.
2007111$0$0-
Bits Inc. 401K Profit Sharing Plan-11---
2006111$1,140,590$43,398$3,945iApproximate average salary by contribution assumption: employee only about $98,632 at 4% or $65,755 at 6%; with 50% employer match about $65,755 at 4% or $43,836 at 6%; with 100% employer match about $49,316 at 4% or $32,877 at 6%.
Bits Inc. 401K Profit Sharing Plan-11$1,140,590$43,398$3,945iApproximate average salary by contribution assumption: employee only about $98,632 at 4% or $65,755 at 6%; with 50% employer match about $65,755 at 4% or $43,836 at 6%; with 100% employer match about $49,316 at 4% or $32,877 at 6%.
2005111$970,157$40,900$3,718iApproximate average salary by contribution assumption: employee only about $92,955 at 4% or $61,970 at 6%; with 50% employer match about $61,970 at 4% or $41,313 at 6%; with 100% employer match about $46,477 at 4% or $30,985 at 6%.
Bits Inc. 401K Profit Sharing Plan-11$970,157$40,900$3,718iApproximate average salary by contribution assumption: employee only about $92,955 at 4% or $61,970 at 6%; with 50% employer match about $61,970 at 4% or $41,313 at 6%; with 100% employer match about $46,477 at 4% or $30,985 at 6%.
2004211$0$0-
Bits Inc. 401K Profit Sharing Plan-11---
BITS, INC. EMPLOYEE STOCK OWNERSHIP PLAN-0---
2003212$883,804$44,621$3,718iApproximate average salary by contribution assumption: employee only about $92,960 at 4% or $61,974 at 6%; with 50% employer match about $61,974 at 4% or $41,316 at 6%; with 100% employer match about $46,480 at 4% or $30,987 at 6%.
Bits Inc. 401K Profit Sharing Plan-12$882,274$44,029$3,669iApproximate average salary by contribution assumption: employee only about $91,727 at 4% or $61,151 at 6%; with 50% employer match about $61,151 at 4% or $40,768 at 6%; with 100% employer match about $45,864 at 4% or $30,576 at 6%.
BITS, INC. EMPLOYEE STOCK OWNERSHIP PLAN-11$1,530$592$54iApproximate average salary by contribution assumption: employee only about $1,345 at 4% or $897 at 6%; with 50% employer match about $897 at 4% or $598 at 6%; with 100% employer match about $673 at 4% or $448 at 6%.
2002213$1,000$0-
BITS INC EMPLOYEE STOCK OWNERSHIP PLAN-13$1,000--
Bits Inc. 401K Profit Sharing Plan-13---
2001212$0$0-
Bits Inc. 401K Profit Sharing Plan-12---
BITS, INC. EMPLOYEE STOCK OWNERSHIP PLAN-12---
2000215$0$0-
BITS, INC. EMPLOYEE STOCK OWNERSHIP PLAN-0---
Bits Inc. 401K Profit Sharing Plan-15---
1999113$929,690$159,894$12,300iApproximate average salary by contribution assumption: employee only about $307,488 at 4% or $204,992 at 6%; with 50% employer match about $204,992 at 4% or $136,662 at 6%; with 100% employer match about $153,744 at 4% or $102,496 at 6%.
Bits Inc. 401K Profit Sharing Plan-13$929,690$159,894$12,300iApproximate average salary by contribution assumption: employee only about $307,488 at 4% or $204,992 at 6%; with 50% employer match about $204,992 at 4% or $136,662 at 6%; with 100% employer match about $153,744 at 4% or $102,496 at 6%.