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, Payit 401(K) Retirement Plan is a benefit plan reported by Payit, LLC under EIN 46-4175673 and plan number 001. The latest loaded filing year is 2023. The filing reports 185 participants and $7,559,019 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,559,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,559,019
- Net assets (BOY)
- $4,216,284
Income & contributions
- Employer contributions
- $756,714
- Participant contributions
- $1,677,413
- Total contributions
- $2,660,009
- Total income / additions
- $3,709,738
Expenses & distributions
- Benefits paid
- $356,432
- Administrative expenses
- $10,571
- Total expenses
- $367,003
- Net increase / (decrease)
- $3,342,735