2023 Form 5500 filing — Dailypay, Inc. 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 20241015112316NAL0047556528001) for Dailypay, Inc. 401(K) Retirement Plan, reported by Dailypay, Inc. under EIN 47-5035714 and plan number 001. It reports 1,095 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)$29MReported net assets$28,960,147
Participants1.1K1,095
Provider compensation$132.6K2 Schedule C row(s)$132,607
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015112316NAL0047556528001
- Plan sponsor
- Dailypay, Inc.
- EIN
- 47-5035714
- Plan number
- 001
- Location
- New York, NY
- 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)$29M total assets
Net assets$29MLiabilities$0
Full reported line items
- Total assets (EOY)
- $28,960,147
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,960,147
- Employer contributions
- $3,063,540
- Participant contributions
- $5,878,088
- Total income / additions
- $13,660,777
- Benefits paid
- $3,068,770
- Administrative expenses
- $132,607
- Total expenses
- $3,203,995
- Net increase / (decrease)
- $10,456,782
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Forest Capital Management LLC | ADVISOR | $70,393 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $62,214 | $0 |