2023 Form 5500 filing — Payit 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 20250219121809NAL0004055537001) for Payit 401(K) Retirement Plan, reported by Payit, LLC under EIN 46-4175673 and plan number 001. It reports 185 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)$7.6MReported net assets$7,559,019
Participants185
Provider compensation$10.6K1 Schedule C row(s)$10,571
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20250219121809NAL0004055537001
- Plan sponsor
- Payit, LLC
- EIN
- 46-4175673
- Plan number
- 001
- Location
- Kansas City, MO
- 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)$7.6M total assets
Net assets$7.6MLiabilities$0
Full reported line items
- Total assets (EOY)
- $7,559,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,559,019
- Employer contributions
- $756,714
- Participant contributions
- $1,677,413
- Total income / additions
- $3,709,738
- Benefits paid
- $356,432
- Administrative expenses
- $10,571
- Total expenses
- $367,003
- Net increase / (decrease)
- $3,342,735
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Minnesota Life Insurance Company | NONE | $10,571 | $0 |