Plan5500

Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Fortis Payment Systems, LLC Dba Fortis)

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, Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Fortis Payment Systems, LLC Dba Fortis under EIN 27-3375894 and plan number 001. The latest loaded filing year is 2023. The filing reports 272 participants and $5,423,938 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5.4MPlan net assets, end of year$5,418,838
Participants272Covered participants reported
Assets / participant$19.9KComputed: assets ÷ participants$19,941 (computed)
Provider compensation$37.4K4 Schedule C provider row(s)$37,393
Plan sponsor
Fortis Payment Systems, LLC Dba Fortis
EIN
27-3375894
Plan number
001
Plan type
2
Location
Plano, TX
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    272 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$5.4M total assets
Net assets$5.4MLiabilities$5.1K
Money in vs. money out
Total income / additions$2.8M
Total expenses$303.4K
Benefits paid / distributions$261.7K
Contributions
Employer$634.6K
Participant$1.3M
Full reported line items

Net assets

Total assets (EOY)
$5,423,938
Total liabilities (EOY)
$5,100
Net assets (EOY)
$5,418,838
Net assets (BOY)
$2,907,781

Income & contributions

Employer contributions
$634,635
Participant contributions
$1,349,951
Total contributions
$2,097,740
Total income / additions
$2,814,506

Expenses & distributions

Benefits paid
$261,686
Administrative expenses
$36,695
Total expenses
$303,449
Net increase / (decrease)
$2,511,057
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 32%Participant 68%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income9%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Empower Annuity Insurance Company O$23.6K
    RECORDKEEPER · Direct $23.6K · Indirect $0
  2. 2
    Merrill Lynch Pierce Fenner & Smith$8.8K
    INVESTMENT ADVISOR · Direct $8.8K · Indirect $0
  3. 3
    Definiti LLC$3.2K
    CONTRACT ADMIN · Direct $2.5K · Indirect $700
  4. 4
    Empower Advisory Group, LLC$1.8K
    INVESTMENT MGMT · Direct $1.8K · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust?
Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust is reported as sponsored by Fortis Payment Systems, LLC Dba Fortis (EIN 27-3375894, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust?
The latest Form 5500 filing year loaded for Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust is 2023.
How many participants does Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust report?
Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust reports 272 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust?
Fortis Payment Systems, LLC 401(K) Profit Sharing Plan And Trust reports $5,423,938 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages