PAY FACTORS GROUP LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PAY FACTORS GROUP LLC 401 K PROFIT SHARING PLAN TRUST
| Measure | Date | Value |
|---|
| 2021 : PAY FACTORS GROUP LLC 401 K PROFIT SHARING PLAN TRUST 2021 401k financial data |
|---|
| Total income from all sources (including contributions) | 2021-08-24 | $1,798,495 |
| Total of all expenses incurred | 2021-08-24 | $9,991,076 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-08-24 | $9,926,937 |
| Expenses. Certain deemed distributions of participant loans | 2021-08-24 | $3,237 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-08-24 | $684,465 |
| Value of total assets at end of year | 2021-08-24 | $0 |
| Value of total assets at beginning of year | 2021-08-24 | $8,192,581 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-08-24 | $60,902 |
| Total interest from all sources | 2021-08-24 | $1,099 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-08-24 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2021-08-24 | $0 |
| Was this plan covered by a fidelity bond | 2021-08-24 | Yes |
| Value of fidelity bond cover | 2021-08-24 | $531,000 |
| If this is an individual account plan, was there a blackout period | 2021-08-24 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-08-24 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-08-24 | No |
| Contributions received from participants | 2021-08-24 | $540,146 |
| Participant contributions at beginning of year | 2021-08-24 | $39,680 |
| Participant contributions at end of year | 2021-08-24 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-08-24 | $137,859 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-08-24 | $0 |
| Total non interest bearing cash at end of year | 2021-08-24 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-08-24 | No |
| Value of net income/loss | 2021-08-24 | $-8,192,581 |
| Value of net assets at end of year (total assets less liabilities) | 2021-08-24 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-08-24 | $8,192,581 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-08-24 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-08-24 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-08-24 | No |
| Value of interest in pooled separate accounts at beginning of year | 2021-08-24 | $8,146,624 |
| Interest on participant loans | 2021-08-24 | $1,099 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-08-24 | $6,277 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-08-24 | $6,277 |
| Net investment gain/loss from pooled separate accounts | 2021-08-24 | $1,112,931 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-08-24 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-08-24 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-08-24 | No |
| Contributions received in cash from employer | 2021-08-24 | $6,460 |
| Employer contributions (assets) at end of year | 2021-08-24 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-08-24 | $9,926,937 |
| Contract administrator fees | 2021-08-24 | $60,902 |
| Did the plan have assets held for investment | 2021-08-24 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-08-24 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-08-24 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2021-08-24 | Disclaimer |
| Accountancy firm name | 2021-08-24 | GRAY, GRAY & GRAY, LLP |
| Accountancy firm EIN | 2021-08-24 | 042088368 |
| 2020 : PAY FACTORS GROUP LLC 401 K PROFIT SHARING PLAN TRUST 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-12-31 | $3,360,734 |
| Total of all expenses incurred | 2020-12-31 | $474,758 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $408,464 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $2,164,465 |
| Value of total assets at end of year | 2020-12-31 | $8,192,581 |
| Value of total assets at beginning of year | 2020-12-31 | $5,306,605 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $66,294 |
| Total interest from all sources | 2020-12-31 | $1,091 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $1,195,178 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $1,195,178 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $531,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $1,901,758 |
| Participant contributions at end of year | 2020-12-31 | $39,680 |
| Participant contributions at beginning of year | 2020-12-31 | $8,123 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $262,707 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $2,885,976 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $8,192,581 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $5,306,605 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2020-12-31 | $8,146,624 |
| Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $5,296,593 |
| Income. Interest from loans (other than to participants) | 2020-12-31 | $1,091 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $6,277 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $1,889 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $1,889 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $408,464 |
| Contract administrator fees | 2020-12-31 | $66,294 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | GRAY, GRAY & GRAY, LLP |
| Accountancy firm EIN | 2020-12-31 | 042088368 |
| 2019 : PAY FACTORS GROUP LLC 401 K PROFIT SHARING PLAN TRUST 2019 401k financial data |
|---|
| Total income from all sources (including contributions) | 2019-12-31 | $3,099,721 |
| Total income from all sources (including contributions) | 2019-12-31 | $3,099,721 |
| Total of all expenses incurred | 2019-12-31 | $171,612 |
| Total of all expenses incurred | 2019-12-31 | $171,612 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $119,862 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $119,862 |
| Value of total corrective distributions | 2019-12-31 | $7,808 |
| Value of total corrective distributions | 2019-12-31 | $7,808 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $2,277,874 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $2,277,874 |
| Value of total assets at end of year | 2019-12-31 | $5,306,605 |
| Value of total assets at end of year | 2019-12-31 | $5,306,605 |
| Value of total assets at beginning of year | 2019-12-31 | $2,378,496 |
| Value of total assets at beginning of year | 2019-12-31 | $2,378,496 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $43,942 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $43,942 |
| Total interest from all sources | 2019-12-31 | $349 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $821,498 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $821,498 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $821,498 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $821,498 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $531,000 |
| Value of fidelity bond cover | 2019-12-31 | $531,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $1,757,830 |
| Contributions received from participants | 2019-12-31 | $1,757,830 |
| Participant contributions at end of year | 2019-12-31 | $8,123 |
| Participant contributions at beginning of year | 2019-12-31 | $1,019 |
| Participant contributions at beginning of year | 2019-12-31 | $890 |
| Participant contributions at beginning of year | 2019-12-31 | $890 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $520,044 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $520,044 |
| Total non interest bearing cash at beginning of year | 2019-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2019-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $2,928,109 |
| Value of net income/loss | 2019-12-31 | $2,928,109 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $5,306,605 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $5,306,605 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $2,378,496 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $0 |
| Value of interest in pooled separate accounts at end of year | 2019-12-31 | $5,296,593 |
| Value of interest in pooled separate accounts at end of year | 2019-12-31 | $5,296,593 |
| Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $2,375,606 |
| Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $2,375,606 |
| Income. Interest from loans (other than to participants) | 2019-12-31 | $349 |
| Income. Interest from loans (other than to participants) | 2019-12-31 | $349 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $1,889 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $1,889 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $981 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $981 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $981 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $981 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $119,862 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $119,862 |
| Contract administrator fees | 2019-12-31 | $43,942 |
| Contract administrator fees | 2019-12-31 | $43,942 |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | GRAY, GRAY & GRAY, LLP |
| Accountancy firm name | 2019-12-31 | GRAY, GRAY & GRAY, LLP |
| Accountancy firm EIN | 2019-12-31 | 042088368 |
| Accountancy firm EIN | 2019-12-31 | 042088368 |
| 2018 : PAY FACTORS GROUP LLC 401 K PROFIT SHARING PLAN TRUST 2018 401k financial data |
|---|
| Total income from all sources (including contributions) | 2018-12-31 | $1,389,315 |
| Total of all expenses incurred | 2018-12-31 | $34,218 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $5,251 |
| Value of total corrective distributions | 2018-12-31 | $8,238 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $1,587,857 |
| Value of total assets at end of year | 2018-12-31 | $2,378,496 |
| Value of total assets at beginning of year | 2018-12-31 | $1,023,399 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $20,729 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $230,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $1,152,717 |
| Participant contributions at end of year | 2018-12-31 | $1,019 |
| Participant contributions at end of year | 2018-12-31 | $890 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $435,140 |
| Total non interest bearing cash at end of year | 2018-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2018-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $1,355,097 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $2,378,496 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $1,023,399 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $0 |
| Value of interest in pooled separate accounts at end of year | 2018-12-31 | $2,375,606 |
| Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $1,023,399 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $981 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-198,542 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $5,251 |
| Contract administrator fees | 2018-12-31 | $20,729 |
| Did the plan have assets held for investment | 2018-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | GRAY, GRAY & GRAY, LLP |
| Accountancy firm EIN | 2018-12-31 | 042088368 |
