2023 Form 5500 filing — Bread Financial 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 20240829094203NAL0013366993001) for Bread Financial 401(K) Plan, reported by Bread Financial Payments, Inc. under EIN 13-3163498 and plan number 001. It reports 13,064 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240829094203NAL0013366993001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bread Financial Payments, Inc.
- EIN
- 13-3163498
- Plan number
- 001
- Location
- Columbus, OH
- Participants
- 13,064
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $823,693,752
- Total liabilities (EOY)
- $283,870
- Net assets (EOY)
- $823,409,882
- Employer contributions
- $29,647,896
- Participant contributions
- $36,707,306
- Total income / additions
- $206,301,012
- Benefits paid
- $166,298,828
- Administrative expenses
- $549,109
- Total expenses
- $166,647,075
- Net increase / (decrease)
- $39,653,937
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | NONE | $393,114 | $50,954 |
| Edelman Financial Engines, LLC | NONE | $144,611 | not reported in the loaded dataset |
| T Rowe Price Rps Inc | NONE | $7,830 | $300 |
| Charles Schwab & Co., Inc. | NONE | $3,554 | $0 |