Profit Sharing · DOL Form 5500 · 2022

Paynet Merchant Services, Inc Profit Sharing Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
3
Participants Small participant base
30th
Percentile by assets National rank
$498,011
Avg per participant High balance/head
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Official DOL plan name: Paynet Merchant Services, Inc. Profit Sharing Plan and Trust · Sponsored by Paynet Merchant Services, Inc · Michigan · Finance & Insurance

$1M in assets, 3 participants

Paynet Merchant Services, Inc's Paynet Merchant Services, Inc. Profit Sharing Plan and Trust reported $1M in total assets and 3 participants in its 2022 DOL Form 5500 filing, ranking in the 30th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #1,853 in Finance & Insurance (9,261 peers)

Paynet Merchant Services, Inc multi-year trail

Paynet Merchant Services, Inc's plans moved +40.0% in assets from 2022 to 2024; this filing shows Paynet Merchant Services, Inc. Profit Sharing Plan and Trust at $1M / 3 participants.

#1,853
in Finance & Insurance (9,261 peers)
-7.6%
assets change YoY

The plan reported a net loss of $123K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust among the smaller filed plans by assets

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,494,033 30th percentile higher than 30% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Paynet Merchant Services, Inc. Profit Sharing Plan and Trust is a micro filing (3 participants), the leftmost band.

Plan-year Form 5500 strip

Filing strip 383233512 · Paynet Merchant Services, Inc PY 2022 · Profit Sharing

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust · $1M · 3 · 30th

  • RANK $1M
  • RANK 3
  • RANK 30th
  • RANK Profit Sharing
  • RANK near Wu Ming Yeh Dental Office Psp
  • RANK ind #1853

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Michigan →

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust in the asset neighbourhood

Paynet Merchant Services, Inc. Profit Sharing Plan and TrustPaynet Merchant Services, In…$1MWu Ming Yeh Dental Office Psp$1MDra. Josefina Padro Retirement PlanDra. Josefina Padro Retireme…$1MMario Ramirez Carmoega Retirement PlanMario Ramirez Carmoega Retir…$1MLloyd K. Klausner, D.M.D., P.C. Profit Sharing PlanLloyd K. Klausner, D.M.D., P…$1M
End-of-year total assets ($M) among Paynet Merchant Services, Inc. Profit Sharing Plan and Trust and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Paynet Merchant Services, Inc multi-year asset trail

Sponsor-wide plan assets over time

All Paynet Merchant Services, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$2M 40.008821759626464% vs 2022
2024 filing year
$1.4M$1.6M$1.8M$2M$2.2M 202220232024 $1.49M $2.09M ▲ +40.3%
Year Plans Participants Total Assets
2022 1 3 $1M
2023 1 3 $2M
2024 1 4 $2M

Paynet Merchant Services, Inc filing trail (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$1M
Net Income-$123K
Employer EIN383233512
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Michigan

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants Paynet Merchant Services, Inc. Profit Sharing Plan and Trust, Total assets ($B): 0.001494033 · Participants: 3Paynet Merchant Services, Inc. Profit Sharing Plan and TrustHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.562673044 · Participants: 15480Henry Ford Health System Retirement Savings PlanConstruction Industry Retirement Fund of Rockford, Total assets ($B): 0.474769731 · Participants: 10395Construction Industry Retirement Fund of RockfordOhio Carpenters' Annuity Plan, Total assets ($B): 0.370960232 · Participants: 8330Ohio Carpenters' Annuity PlanIBEW Local 150 Supplemental Pension Fund, Total assets ($B): 0.247597207 · Participants: 1286IBEW Local 150 Supplemental Pension FundHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.233598708 · Participants: 687Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan
Paynet Merchant Services, Inc. Profit Sharing Plan and Trust vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare Paynet Merchant Services, Inc. Profit Sharing Plan and Trust side-by-side with 3 peers →

Paynet Merchant Services, Inc. Profit Sharing Plan and Trust's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Wu Ming Yeh Dental Office Psp in CA ($1M); by covered participants it is Crosmac Corp. Retirement Plan in NJ (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Paynet Merchant Services, Inc. Profit Sharing Plan and Trust assets move in 2022? ▼
Paynet Merchant Services, Inc. Profit Sharing Plan and Trust pulled back noticeably - down 7.6% during 2022, from $2M to $1M. Reported net income was -$123K.
How have Paynet Merchant Services, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Paynet Merchant Services, Inc's sponsor-wide assets grew 40.0%, from $1M to $2M.
Which Profit Sharing plans are similar in size to Paynet Merchant Services, Inc. Profit Sharing Plan and Trust? ▼
Among Profit Sharing plans in other states, the closest by assets is Wu Ming Yeh Dental Office Psp in CA ($1M, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Paynet Merchant Services, Inc. Profit Sharing Plan and Trust? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Crosmac Corp. Retirement Plan in NJ (3 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 383233512.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.