Plan5500

Prove 401(K) Plan — Form 5500 plan (Payfone, 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, Prove 401(K) Plan is a benefit plan reported by Payfone, Inc. under EIN 26-2231809 and plan number 001. The latest loaded filing year is 2023. The filing reports 300 participants and $18,610,288 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Payfone, Inc.
EIN
26-2231809
Plan number
001
Plan type
2
Location
New York, NY
Latest filing year
2023
Participants
300
End-of-year plan assets
$18,610,288

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023300H, C20241015103239NAL0016153443001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$18,610,288
Total liabilities (EOY)
$0
Net assets (EOY)
$18,610,288
Net assets (BOY)
$11,290,716

Income & contributions

Employer contributions
$1,799,745
Participant contributions
$3,615,858
Total contributions
$7,092,471
Total income / additions
$9,646,061

Expenses & distributions

Benefits paid
$2,221,707
Administrative expenses
$104,782
Total expenses
$2,326,489
Net increase / (decrease)
$7,319,572

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$99,384$02023
Ubs Financial Services IncINVESTMENT ADVISORY$0$30,1042023
The Waterford GroupINVESTMENT ADVISORY$5,398not reported in the loaded dataset2023

Related Form 5500 pages