Plan Ledger DOL Form 5500 · updated monthly

Paylink Payment Plans, LLC401(k)

PAYLINK PAYMENT PLANS, LLC 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.00%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Paylink Payment Plans, LLC reported $50 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,932 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 0.001% to 0.000%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Illinois (2,106th of 3,702), and 3,640th of 4,798 in finance & insurance. In 2024, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,548,619
Participants with balances112
Active participants137
Employer contributions$401,662
Employee contributions$920,666
Employer contribution per active participant$2,932
Average account balance$120,970
Benefits paid to participants$853,664
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$13.5M · 112 accts · $402K emplr
2023$11.4M · 121 accts · $510K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50
Total administrative$50
The Paylink Payment Plans, LLC 401(k) match · 2024
Employer contribution per active participant$2,932
Median for plans this size$2,416
2024$2,932 per active participant
2023$4,109 per active participant

Paylink Payment Plans, LLC's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$50 · 0.00%
2023$125 · 0.00%
Same employer
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Wilber & Associates PC IL$13.8M · 0.41%
Binah Management Services IL$13.5M · 0.17%
Channeled Resources, Inc. IL$12.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203803524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.