The Pay-O-Matic Corp. 401(K) Retirement Plan — Form 5500 plan (The Pay-O-Matic Corp.)
Plain-English plan 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, The Pay-O-Matic Corp. 401(K) Retirement Plan is a benefit plan reported by The Pay-O-Matic Corp. under EIN 13-2651875 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,644 participants and $10,999,874 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Pay-O-Matic Corp.
- EIN
- 13-2651875
- Plan number
- 001
- Plan type
- 2
- Location
- Syosset, NY
- Latest filing year
- 2023
- Participants
- 1,644
- End-of-year plan assets
- $10,999,874
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,644 | H, C | 20241014193225NAL0027028641001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,999,874
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,999,874
- Net assets (BOY)
- $10,594,040
Income & contributions
- Participant contributions
- $677,093
- Total contributions
- $677,093
- Total income / additions
- $2,264,705
Expenses & distributions
- Benefits paid
- $1,656,374
- Administrative expenses
- $194,348
- Total expenses
- $1,858,871
- Net increase / (decrease)
- $405,834
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTACT ADMINISTRATOR | $148,295 | $0 | 2023 |
| Aggregate Retirement | ACCOUNTANT | $46,053 | $22,990 | 2023 |
| Kestra Advisory Services, LLC | INVESTMENT ADVISORY | $0 | $14,564 | 2023 |
| Towers Watson Investment Services | INVESTMENT ADVISORY | $0 | $10,321 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for The Pay-O-Matic Corp.
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Syosset, NY
- Principal Life Insurance Company — Schedule C compensation
- Aggregate Retirement — Schedule C compensation
- Kestra Advisory Services, LLC — Schedule C compensation
- Towers Watson Investment Services — Schedule C compensation