2023 Form 5500 filing — Paymaster, Inc. Multiple Employer 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 20250128143619NAL0013688625001) for Paymaster, Inc. Multiple Employer 401(K) Plan, reported by Paymaster, Inc. under EIN 65-0580656 and plan number 001. It reports 643 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250128143619NAL0013688625001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Paymaster, Inc.
- EIN
- 65-0580656
- Plan number
- 001
- Location
- Boynton Beach, FL
- Participants
- 643
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,001,887
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,001,887
- Employer contributions
- $687,816
- Participant contributions
- $1,640,916
- Total income / additions
- $5,832,012
- Benefits paid
- $1,200,101
- Administrative expenses
- $178,574
- Total expenses
- $1,378,675
- Net increase / (decrease)
- $4,453,337
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Slavic Integrated Administration | TPA | $87,907 | not reported in the loaded dataset |
| Kovack Advisors Inc. | INVESTMENT ADVISORY | $33,586 | not reported in the loaded dataset |
| Paymaster, Inc. Multiple Employer 4 | PLAN ADMINISTRATOR | $23,914 | not reported in the loaded dataset |
| Slavic Mutual Fund Management Corp | PORTFOLIO MANAGEMENT | $21,189 | not reported in the loaded dataset |
| Weinstein Zugman | AUDITOR | $11,978 | not reported in the loaded dataset |