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
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 13,064 | H, C | 20240829094203NAL0013366993001 |
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)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | NONE | $393,114 | $50,954 | 2023 |
| Edelman Financial Engines, LLC | NONE | $144,611 | not reported in the loaded dataset | 2023 |
| T Rowe Price Rps Inc | NONE | $7,830 | $300 | 2023 |
| Charles Schwab & Co., Inc. | NONE | $3,554 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bread Financial Payments, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Columbus, OH
- Principal Life Insurance Company — Schedule C compensation
- Edelman Financial Engines, LLC — Schedule C compensation
- T Rowe Price Rps Inc — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation