How big is Scrap IT's plan?

Scrap IT's plan reported $4.0M in assets and 93 participants for 2024.

Original filing (PDF)20250730092403NAL0007767266001

Scrap IT

Name: Scrap IT — Scrap IT 401(k) Profit Sharing Plan &, Form 5500 (2024)
Creator: Scrap IT
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Scrap IT 401(k) Profit Sharing Plan & Trust

401(k) retirement plan · Scrap IT's Scrap IT 401(k) Profit Sharing Plan & Trust held $4.0M in plan assets for 93 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$4.0M

Net assets (EOY)

$4.0M

People on this filing

Bryan Wiebold signed Scrap IT's 2024 Form 5500 as plan administrator.

Bryan Wiebold — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Scrap IT's EIN is 20-2022211.

EIN 20-2022211

Plan number 001

Plan year 2024

ACK ID 20250730092403NAL0007767266001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Scrap IT from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Scrap IT's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SCRAP IT.

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Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (7th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

SCRAP IT

EIN

all filings

Address

219 MEADOWCROFT ST · LOWELL, MA · 018525371

Phone

(617) 389-7213

Industry

All Other Professional Services· Professional & Technical Services

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-07-30

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

3H · Sponsor in controlled / affiliated group

Service providers (Schedule C)

Small plans don't disclose service providers

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