401(k) · DOL Form 5500 · 2022

Paymax Services, Inc. 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
119
Participants Small participant base
55th
Percentile by assets National rank
$52,571
Avg per participant Low balance/head
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Official DOL plan name: Paymax Services, Inc. 401(k) Profit Sharing Plan · Sponsored by Paymax Services, Inc. · Ohio · Professional & Technical Services

$6M in assets, 119 participants

Paymax Services, Inc.'s Paymax Services, Inc. 401(k) Profit Sharing Plan reported $6M in total assets and 119 participants in its 2022 DOL Form 5500 filing, ranking in the 55th 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.

  • #11,483 in Professional & Technical Services (21,562 peers)

Coverage in Ohio

Paymax Services, Inc. 401(k) Profit Sharing Plan covers 119 participants in Ohio, about 16% of the average Ohio filer (state average ~765 per filing). Assets: $6M.

#11,483
in Professional & Technical Services (21,562 peers)
-13.6%
assets change YoY

The plan reported a net loss of $981K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Paymax Services, Inc. 401(k) Profit Sharing Plan's mid-pack asset rank among Professional & Technical Services and all filers

Paymax Services, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$6,255,953 Top 45% higher than 55% 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

Paymax Services, Inc. 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Paymax Services, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (119 participants).

DOL schedule card

Filing strip 341816901 · Paymax Services, Inc. PY 2022 · 401(k)

Paymax Services, Inc. 401(k) Profit Sharing Plan · $6M · 119 · 55th

  • IND $6M
  • IND 119
  • IND 55th
  • IND 401(k)
  • IND near Geneseo Communications, Inc. 401(k) Profit Sharing Plan
  • IND ind #11483

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 Professional & Technical Services retirement plans → · Plans in Ohio →

Paymax Services, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Paymax Services, Inc. 401(k) Profit Sharing PlanPaymax Services, Inc. 401(k)…$6MGeneseo Communications, Inc. 401(k) Profit Sharing PlanGeneseo Communications, Inc.…$6MPittsburgh Critical Care Associates, Inc. 401(k) Profit Sharing PlanPittsburgh Critical Care Ass…$6MWarren Industries, Inc. Safe Harbor 401(k) Profit Sharing Plan and TrustWarren Industries, Inc. Safe…$6MWestbrook 401(k) Plan$6M
End-of-year total assets ($M) among Paymax Services, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$6M
Net Income-$981K
Employer EIN341816901
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Paymax Services, Inc.)

Sponsor-wide plan assets over time

All Paymax Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 38.177956260221265% vs 2022
2024 filing year
$6M$7M$8M$9M 202220232024 $6.26M $8.64M ▲ +38.0%
Year Plans Participants Total Assets
2022 1 119 $6M
2023 1 130 $8M
2024 1 131 $9M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Paymax Services, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants Paymax Services, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.006255953 · Participants: 119Paymax Services, Inc. 401(k) Profit Sharing PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
Paymax Services, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Paymax Services, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Paymax Services, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Geneseo Communications, Inc. 401(k) Profit Sharing Plan in IL ($6M); by covered participants it is Apreva Hospice 401(k) Plan in CA (119 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (119 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 Paymax Services, Inc. 401(k) Profit Sharing Plan assets move in 2022? ▼
Paymax Services, Inc. 401(k) Profit Sharing Plan pulled back noticeably - down 13.6% during 2022, from $7M to $6M. Reported net income was -$981K.
How have Paymax Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Paymax Services, Inc.'s sponsor-wide assets grew 38.2%, from $6M to $9M.
Which 401(k) plans are similar in size to Paymax Services, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Geneseo Communications, Inc. 401(k) Profit Sharing Plan in IL ($6M, 41 participants).
Which 401(k) plans cover a similar participant headcount to Paymax Services, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Apreva Hospice 401(k) Plan in CA (119 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 341816901.

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.