Bread Financial Payments, Inc. Master Welfare Plan For Self-Insured Benefits — 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 Payments, Inc. Master Welfare Plan For Self-Insured Benefits is a benefit plan reported by Bread Financial Payments, Inc. under EIN 13-3163498 and plan number 501. The latest loaded filing year is 2023. The filing reports 5,429 participants and $11,246,456 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
- 501
- Plan type
- 2
- Location
- Columbus, OH
- Latest filing year
- 2023
- Participants
- 5,429
- End-of-year plan assets
- $11,246,456
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 5,429 | H, C | 20241004121658NAL0006675443001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,246,456
- Total liabilities (EOY)
- $8,879,096
- Net assets (EOY)
- $2,367,360
- Net assets (BOY)
- $2,829,221
Income & contributions
- Employer contributions
- $70,796,196
- Participant contributions
- $14,062,464
- Total contributions
- $84,858,660
- Total income / additions
- $84,927,472
Expenses & distributions
- Benefits paid
- $82,120,253
- Administrative expenses
- $3,269,080
- Total expenses
- $85,389,333
- Net increase / (decrease)
- -$461,861
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Meritain | NONE | $1,602,176 | not reported in the loaded dataset | 2023 |
| Quantum Health | NONE | $1,468,116 | not reported in the loaded dataset | 2023 |
| Express Scripts | NONE | $1,037,700 | not reported in the loaded dataset | 2023 |
| Included Health | NONE | $385,918 | not reported in the loaded dataset | 2023 |
| Continental American Insurance Co. | NONE | $373,660 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson | NONE | $238,044 | not reported in the loaded dataset | 2023 |
| Progyny | NONE | $25,288 | not reported in the loaded dataset | 2023 |
| Regions Bank | TRUSTEE | $17,500 | $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
- Meritain — Schedule C compensation
- Quantum Health — Schedule C compensation
- Express Scripts — Schedule C compensation
- Included Health — Schedule C compensation
- Continental American Insurance Co. — Schedule C compensation
- Willis Towers Watson — Schedule C compensation
- Progyny — Schedule C compensation
- Regions Bank — Schedule C compensation