2023 Form 5500 filing — Prove 401(K) 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 20241015103239NAL0016153443001) for Prove 401(K) Plan, reported by Payfone, Inc. under EIN 26-2231809 and plan number 001. It reports 300 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$18.6MReported net assets$18,610,288
Participants300
Provider compensation$134.9K3 Schedule C row(s)$134,886
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015103239NAL0016153443001
- Plan sponsor
- Payfone, Inc.
- EIN
- 26-2231809
- Plan number
- 001
- Location
- New York, NY
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$18.6M total assets
Net assets$18.6MLiabilities$0
Full reported line items
- Total assets (EOY)
- $18,610,288
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,610,288
- Employer contributions
- $1,799,745
- Participant contributions
- $3,615,858
- Total income / additions
- $9,646,061
- Benefits paid
- $2,221,707
- Administrative expenses
- $104,782
- Total expenses
- $2,326,489
- Net increase / (decrease)
- $7,319,572
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $99,384 | $0 |
| Ubs Financial Services Inc | INVESTMENT ADVISORY | $0 | $30,104 |
| The Waterford Group | INVESTMENT ADVISORY | $5,398 | not reported in the loaded dataset |