Bread Financial 401(K) Plan — Form 5500 plan (Bread Financial Payments, Inc.)

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, Bread Financial 401(K) Plan is a benefit plan reported by Bread Financial Payments, Inc. under EIN 13-3163498 and plan number 001. The latest loaded filing year is 2023. The filing reports 13,064 participants and $823,693,752 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Bread Financial Payments, Inc.
EIN
13-3163498
Plan number
001
Plan type
2
Location
Columbus, OH
Latest filing year
2023
Participants
13,064
End-of-year plan assets
$823,693,752

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202313,064H, C20240829094203NAL0013366993001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$823,693,752
Total liabilities (EOY)
$283,870
Net assets (EOY)
$823,409,882
Net assets (BOY)
$783,755,945

Income & contributions

Employer contributions
$29,647,896
Participant contributions
$36,707,306
Total contributions
$74,383,604
Total income / additions
$206,301,012

Expenses & distributions

Benefits paid
$166,298,828
Administrative expenses
$549,109
Total expenses
$166,647,075
Net increase / (decrease)
$39,653,937

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyNONE$393,114$50,9542023
Edelman Financial Engines, LLCNONE$144,611not reported in the loaded dataset2023
T Rowe Price Rps IncNONE$7,830$3002023
Charles Schwab & Co., Inc.NONE$3,554$02023

Related Form 5500 pages