Dailypay, Inc. 401(K) Retirement Plan — Form 5500 plan (Dailypay, 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, Dailypay, Inc. 401(K) Retirement Plan is a benefit plan reported by Dailypay, Inc. under EIN 47-5035714 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,095 participants and $28,960,147 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Dailypay, Inc.
EIN
47-5035714
Plan number
001
Plan type
2
Location
New York, NY
Latest filing year
2023
Participants
1,095
End-of-year plan assets
$28,960,147

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,095H, C20241015112316NAL0047556528001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$28,960,147
Total liabilities (EOY)
$0
Net assets (EOY)
$28,960,147
Net assets (BOY)
$18,503,365

Income & contributions

Employer contributions
$3,063,540
Participant contributions
$5,878,088
Total contributions
$9,580,501
Total income / additions
$13,660,777

Expenses & distributions

Benefits paid
$3,068,770
Administrative expenses
$132,607
Total expenses
$3,203,995
Net increase / (decrease)
$10,456,782

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Forest Capital Management LLCADVISOR$70,393not reported in the loaded dataset2023
Fidelity Investments InstitutionalRECORDKEEPER$62,214$02023

Related Form 5500 pages