401(k) · DOL Form 5500 · 2023

Wave Computing 401(k) Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
22
Participants Small participant base
83rd
Percentile by assets National rank
$1.8M
Avg per participant High balance/head
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Official DOL plan name: Wave 401(k) Plan · Sponsored by Wave Computing · California · Professional & Technical Services

$39M in assets, 22 participants

Wave Computing's Wave 401(k) Plan reported $39M in total assets and 22 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #16,933 in Professional & Technical Services (20,321 peers)

Where Wave 401(k) Plan sits by assets

Wave 401(k) Plan sits in the top quartile of all filed plans by assets, $39M for 22 participants (~$1.8M/participant), up 18.4% in 2023.

#16,933
in Professional & Technical Services (20,321 peers)
+18.4%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Wave 401(k) Plan's outsized position by total assets

Wave 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$38,684,990 Top 17% higher than 83% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Wave 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wave 401(k) Plan is a small filing (22 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wave 401(k) Plan reported net income rose from -$12M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Wave 401(k) Plan reported participants fell from 56 in the plan year 2022 filing to 22 in the plan year 2023 filing.
  • Wave 401(k) Plan end-of-year assets rose from $33M in the plan year 2022 filing to $39M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 263864264 · Wave Computing PY 2023 · 401(k)

Wave 401(k) Plan · $39M · 22 · 83rd

  • NET $39M
  • NET 22
  • NET 83rd
  • NET 401(k)
  • NET near Pci Energy Solutions a.K.a. Power Costs, Inc. 401(k) Plan
  • NET ind #16933

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in California →

Wave 401(k) Plan in the asset neighbourhood

Pci Energy Solutions a.K.a. Power Costs, Inc. 401(k) PlanPci Energy Solutions a.K.a. …$39MBaltimore Orioles Limited Partnership Profit Sharing & Savings PlanBaltimore Orioles Limited Pa…$39MMadison Gas & Electric Company Retirement Savings Plan for Bargaining EmployeesMadison Gas & Electric Compa…$39MWave 401(k) Plan$39MSnowbird Employee Retirement Savings PlanSnowbird Employee Retirement…$39M
End-of-year total assets ($M) among Wave 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$39M
Net Income$6M
Employer EIN263864264
Plan Effective Date1998-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wave Computing)

Sponsor-wide plan assets over time

All Wave Computing plans reported in each filing year

Latest sponsor-wide plan assets
$44M 33.511452533277534% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $32.7M $43.6M ▲ +33.5%
Year Plans Participants Total Assets
2022 1 56 $33M
2023 1 22 $39M
2024 1 51 $44M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Wave 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Wave 401(k) Plan, Total assets ($B): 0.03868499 · Participants: 22Wave 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Wave 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Wave 401(k) Plan side-by-side with 3 peers →

Wave 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Pci Energy Solutions a.K.a. Power Costs, Inc. 401(k) Plan in OK ($39M); by covered participants it is Acm Ventures, Inc. 401(k) Profit Sharing Plan in NC (22 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (22 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wave 401(k) Plan assets move in 2023? ▼
Wave 401(k) Plan grew sharply - up 18.4% during 2023, from $33M to $39M. Reported net income was $6M.
How have Wave Computing plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wave Computing's sponsor-wide assets grew 33.5%, from $33M to $44M.
Where does Wave 401(k) Plan rank by assets among Form 5500 filers? ▼
Wave 401(k) Plan ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Wave 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pci Energy Solutions a.K.a. Power Costs, Inc. 401(k) Plan in OK ($39M, 283 participants).
Which 401(k) plans cover a similar participant headcount to Wave 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Acm Ventures, Inc. 401(k) Profit Sharing Plan in NC (22 participants, $553K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 263864264.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.