# Dailypay, INC. 401(k) Plan
Source: https://planprovider.pro/companies/dailypay-inc-401k-plan

> Dailypay, INC.'s 401(k) plan: 710 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Dailypay, INC.

- **Sponsor EIN:** 475035714

- **Sponsor Address:** 55 WATER STREET, 42ND FLOOR, NEW YORK, NY, 10041

- **Plan Type:** 401(k)

- **Total Participants:** 710

- **Total Assets:** $41.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|710|$41.5M|$3.7M|$6.8M|

| 2023|663|$29.0M|$3.1M|$5.9M|

| 2022|845|$18.5M|$3.3M|$6.3M|

## 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|

| FOREST CAPITAL MANAGEMENT LLC|ADVISOR|$79,193|—|$79,193|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$77,838|—|$77,838|

| WITHUM SMITH AND BROWN|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [WITHUM SMITH AND BROWN](https://planprovider.pro/provider/withumsmithbrown-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $157,031

- **Estimated Expense Ratio:** 0.379% 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|$157,032|$79,194|—|—|—|

| 2023|$132,607|$70,393|—|—|—|

| 2022|$68,607|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/dailypay-inc-401k-plan)

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