2023 Form 5500 filing — The Pay-O-Matic Corp. 401(K) Retirement 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 20241014193225NAL0027028641001) for The Pay-O-Matic Corp. 401(K) Retirement Plan, reported by The Pay-O-Matic Corp. under EIN 13-2651875 and plan number 001. It reports 1,644 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014193225NAL0027028641001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Pay-O-Matic Corp.
- EIN
- 13-2651875
- Plan number
- 001
- Location
- Syosset, NY
- Participants
- 1,644
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,999,874
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,999,874
- Participant contributions
- $677,093
- Total income / additions
- $2,264,705
- Benefits paid
- $1,656,374
- Administrative expenses
- $194,348
- Total expenses
- $1,858,871
- Net increase / (decrease)
- $405,834
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTACT ADMINISTRATOR | $148,295 | $0 |
| Aggregate Retirement | ACCOUNTANT | $46,053 | $22,990 |
| Kestra Advisory Services, LLC | INVESTMENT ADVISORY | $0 | $14,564 |
| Towers Watson Investment Services | INVESTMENT ADVISORY | $0 | $10,321 |