2023 Form 5500 filing — Bread Financial Payments, Inc. Master Welfare Plan For Self-Insured Benefits
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241004121658NAL0006675443001) for Bread Financial Payments, Inc. Master Welfare Plan For Self-Insured Benefits, reported by Bread Financial Payments, Inc. under EIN 13-3163498 and plan number 501. It reports 5,429 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004121658NAL0006675443001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bread Financial Payments, Inc.
- EIN
- 13-3163498
- Plan number
- 501
- Location
- Columbus, OH
- Participants
- 5,429
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,246,456
- Total liabilities (EOY)
- $8,879,096
- Net assets (EOY)
- $2,367,360
- Employer contributions
- $70,796,196
- Participant contributions
- $14,062,464
- Total income / additions
- $84,927,472
- Benefits paid
- $82,120,253
- Administrative expenses
- $3,269,080
- Total expenses
- $85,389,333
- Net increase / (decrease)
- -$461,861
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Meritain | NONE | $1,602,176 | not reported in the loaded dataset |
| Quantum Health | NONE | $1,468,116 | not reported in the loaded dataset |
| Express Scripts | NONE | $1,037,700 | not reported in the loaded dataset |
| Included Health | NONE | $385,918 | not reported in the loaded dataset |
| Continental American Insurance Co. | NONE | $373,660 | not reported in the loaded dataset |
| Willis Towers Watson | NONE | $238,044 | not reported in the loaded dataset |
| Progyny | NONE | $25,288 | not reported in the loaded dataset |
| Regions Bank | TRUSTEE | $17,500 | $0 |