Plan Snapshot
- Plan Sponsor: Bread Financial Payments, INC.
- Sponsor EIN: 133163498
- Sponsor Address: 3095 LOYALTY CIRCLE, COLUMBUS, OH, 43219
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 4,198
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,198 | $11.6M | $67.8M | $13.8M |
| 2023 | 4,844 | $11.2M | $70.8M | $14.1M |
| 2022 | 5,211 | $10.3M | $54.4M | $12.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| INCLUDED HEALTH | Other Service Provider | $1,487,834 | — | $1,487,834 |
| MERITAIN | Other Service Provider | $1,249,780 | — | $1,249,780 |
| TELADOC HEALTH, INC. | Other Service Provider | $574,532 | — | $574,532 |
| CVS PHARMACY, INC. | Other Service Provider | $438,356 | — | $438,356 |
| CONTINENTAL AMERICAN INSURANCE CO. | Other Service Provider | $351,400 | — | $351,400 |
| WILLIS TOWERS WATSON | Recordkeeper | $238,044 | — | $238,044 |
| EXPRESS SCRIPTS | Other Service Provider | $25,988 | — | $25,988 |
| PROGYNY | Other Service Provider | $23,862 | — | $23,862 |
| REGIONS BANK | Custodian / Trustee | $17,500 | — | $17,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,407,296
- Estimated Expense Ratio: 37.933% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,321,065 | — | $2,065,521 | — | — |
| 2023 | $3,269,080 | — | $3,013,536 | — | — |
| 2022 | $2,611,574 | — | $2,594,074 | — | $17,500 |