# Bread Financial Payments, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/bread-financial-payments-inc-133163498-501

> Bread Financial Payments, INC.'s Health & Welfare plan: 4,198 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — 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|

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