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PAYMENTUS CORPORATION 401k Plan overview

Plan NamePAYMENTUS CORPORATION
Plan identification number 502

PAYMENTUS CORPORATION Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Temporary disability (accident and sickness)
  • Long-term disability cover
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

PAYMENTUS GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:PAYMENTUS GROUP, INC.
Employer identification number (EIN):453079342
NAIC Classification:541219
NAIC Description:Other Accounting Services

Additional information about PAYMENTUS GROUP, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 5025042

More information about PAYMENTUS GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PAYMENTUS CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022022-09-01NOREEN CONDON2023-11-21
5022021-09-01BRIANNA BARNEY2023-03-15
5022020-09-01BRIANNA BARNEY2021-11-17
5022019-09-01BRIANNA BARNEY2021-01-21

Plan Statistics for PAYMENTUS CORPORATION

401k plan membership statisitcs for PAYMENTUS CORPORATION

Measure Date Value
2022: PAYMENTUS CORPORATION 2022 401k membership
Total participants, beginning-of-year2022-09-01361
Total number of active participants reported on line 7a of the Form 55002022-09-01359
Number of retired or separated participants receiving benefits2022-09-010
Number of other retired or separated participants entitled to future benefits2022-09-010
Total of all active and inactive participants2022-09-01359
Number of employers contributing to the scheme2022-09-010
2021: PAYMENTUS CORPORATION 2021 401k membership
Total participants, beginning-of-year2021-09-01291
Total number of active participants reported on line 7a of the Form 55002021-09-01447
Number of retired or separated participants receiving benefits2021-09-013
Number of other retired or separated participants entitled to future benefits2021-09-01219
Total of all active and inactive participants2021-09-01669
Number of employers contributing to the scheme2021-09-010
2020: PAYMENTUS CORPORATION 2020 401k membership
Total participants, beginning-of-year2020-09-01221
Total number of active participants reported on line 7a of the Form 55002020-09-01221
Number of retired or separated participants receiving benefits2020-09-010
Number of other retired or separated participants entitled to future benefits2020-09-010
Total of all active and inactive participants2020-09-01221
Number of employers contributing to the scheme2020-09-010
2019: PAYMENTUS CORPORATION 2019 401k membership
Total participants, beginning-of-year2019-09-01169
Total number of active participants reported on line 7a of the Form 55002019-09-01245
Number of retired or separated participants receiving benefits2019-09-011
Number of other retired or separated participants entitled to future benefits2019-09-017
Total of all active and inactive participants2019-09-01253
Number of employers contributing to the scheme2019-09-010

Form 5500 Responses for PAYMENTUS CORPORATION

2022: PAYMENTUS CORPORATION 2022 form 5500 responses
2022-09-01Type of plan entitySingle employer plan
2022-09-01Plan funding arrangement – InsuranceYes
2022-09-01Plan benefit arrangement – InsuranceYes
2021: PAYMENTUS CORPORATION 2021 form 5500 responses
2021-09-01Type of plan entitySingle employer plan
2021-09-01Plan funding arrangement – InsuranceYes
2021-09-01Plan benefit arrangement – InsuranceYes
2020: PAYMENTUS CORPORATION 2020 form 5500 responses
2020-09-01Type of plan entitySingle employer plan
2020-09-01Plan funding arrangement – InsuranceYes
2020-09-01Plan benefit arrangement – InsuranceYes
2019: PAYMENTUS CORPORATION 2019 form 5500 responses
2019-09-01Type of plan entitySingle employer plan
2019-09-01First time form 5500 has been submittedYes
2019-09-01Plan funding arrangement – InsuranceYes
2019-09-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1097210
Policy instance 1
Insurance contract or identification number1097210
Number of Individuals Covered905
Insurance policy start date2022-09-01
Insurance policy end date2023-08-31
Total amount of commissions paid to insurance brokerUSD $43,009
Total amount of fees paid to insurance companyUSD $7,568
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to CarrierUSD $826,109
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $43,009
Amount paid for insurance broker fees7568
Additional information about fees paid to insurance brokerBONUS
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1097210
Policy instance 1
Insurance contract or identification number1097210
Number of Individuals Covered869
Insurance policy start date2021-09-01
Insurance policy end date2022-08-31
Total amount of commissions paid to insurance brokerUSD $40,737
Total amount of fees paid to insurance companyUSD $4,146
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to CarrierUSD $694,107
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $40,737
Amount paid for insurance broker fees4146
Additional information about fees paid to insurance brokerBONUS
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1097210
Policy instance 1
Insurance contract or identification number1097210
Number of Individuals Covered547
Insurance policy start date2020-09-01
Insurance policy end date2021-08-31
Total amount of commissions paid to insurance brokerUSD $27,575
Total amount of fees paid to insurance companyUSD $3,420
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to CarrierUSD $417,239
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $27,575
Amount paid for insurance broker fees3420
Additional information about fees paid to insurance brokerBONUS
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number1097210
Policy instance 1
Insurance contract or identification number1097210
Number of Individuals Covered473
Insurance policy start date2019-09-01
Insurance policy end date2020-08-31
Total amount of commissions paid to insurance brokerUSD $26,397
Total amount of fees paid to insurance companyUSD $11,464
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitYes
Long Term Disability Insurance Welfare BenefitYes
Other welfare benefits providedACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT, CRITICAL ILLNESS
Welfare Benefit Premiums Paid to CarrierUSD $331,782
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $22,950
Amount paid for insurance broker fees11464
Additional information about fees paid to insurance brokerBONUS
Insurance broker organization code?3

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