2023 Form 5500 filing — Paypal 401(K) Savings Plan
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 20241007164717NAL0007782771002) for Paypal 401(K) Savings Plan, reported by Paypal Holdings, Inc. under EIN 47-2989869 and plan number 001. It reports 17,072 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007164717NAL0007782771002
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Paypal Holdings, Inc.
- EIN
- 47-2989869
- Plan number
- 001
- Location
- San Jose, CA
- Participants
- 17,072
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,993,824,093
- Net assets (EOY)
- $1,993,824,093
- Employer contributions
- $63,692,726
- Participant contributions
- $136,835,609
- Total income / additions
- $555,229,228
- Benefits paid
- $153,825,739
- Administrative expenses
- $769,886
- Total expenses
- $155,764,232
- Net increase / (decrease)
- $399,464,996
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Schwab Retirement Plan Services,Inc | NONE | $665,953 | not reported in the loaded dataset |
| Marsh And Mclennan Companies, | NONE | $75,000 | not reported in the loaded dataset |
| Falcon Wealth Planning Inc | NONE | $11,685 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | NONE | $3,028 | $0 |