401(k) · DOL Form 5500 · 2023

Bread Financial Payments, Inc. 401(k) Plan

Data updated 2026-08-25

$824M
Total assets Above avg plan size
7,094
Participants Above avg headcount
98th
Percentile by assets National rank
$116,111
Avg per participant Below avg balance/head
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Official DOL plan name: Bread Financial 401(k) Plan · Sponsored by Bread Financial Payments, Inc. · Ohio · Finance & Insurance

$824M in assets, 7,094 participants

Bread Financial Payments, Inc.'s Bread Financial 401(k) Plan reported $824M in total assets and 7,094 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,598 in Finance & Insurance (8,869 peers)

Coverage in Ohio

Bread Financial 401(k) Plan covers 7,094 participants in Ohio, 9.3x the typical Ohio plan (state average ~765 per filing). Assets: $824M.

#8,598
in Finance & Insurance (8,869 peers)
+5.1%
assets growth YoY
8.3×
vs typical plan assets (national mean)

Bread Financial 401(k) Plan's outsized position by total assets

Bread Financial 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$823,693,752 Top 2% higher than 98% of 127,068 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 2023

Bread Financial 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bread Financial 401(k) Plan lands in the large band (7,094 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bread Financial 401(k) Plan reported net income rose from -$203M in the plan year 2022 filing to $40M in the plan year 2023 filing.
  • Bread Financial 401(k) Plan reported participants rose from 5,715 in the plan year 2022 filing to 7,094 in the plan year 2023 filing.
  • Bread Financial 401(k) Plan end-of-year assets rose from $784M in the plan year 2022 filing to $824M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 133163498 · Bread Financial Payments, Inc. PY 2023 · 401(k)

Bread Financial 401(k) Plan · $824M · 7,094 · 98th

  • BOY $824M
  • SCH 7,094
  • EBSA 98th
  • PART 401(k)
  • TYPE near Schneider National, Inc. 401(k) Savings and Retirement Plan
  • NET ind #8598

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 Ohio →

Bread Financial 401(k) Plan in the asset neighbourhood

Spx Retirement Savings and Stock Ownership PlanSpx Retirement Savings and S…$826MSchneider National, Inc. 401(k) Savings and Retirement PlanSchneider National, Inc. 401…$824MBread Financial 401(k) Plan$824MIntuitive Surgical, Inc. 401(k) PlanIntuitive Surgical, Inc. 401…$823MPentair Inc Retirement Savings and StockPentair Inc Retirement Savin…$822M
End-of-year total assets ($M) among Bread Financial 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$784M
Net Assets (End of Year)$823M
Net Income$40M
Employer EIN133163498
Plan Effective Date1996-01-24
Filing StatusFILING RECEIVED

Sponsor Plan History (Bread Financial Payments, Inc.)

Sponsor-wide plan assets over time

All Bread Financial Payments, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$932M 18.901381682213376% vs 2022
2024 filing year
$750M$800M$850M$900M$950M 202220232024 $784M $932M ▲ +18.9%
Year Plans Participants Total Assets
2022 1 5,715 $784M
2023 1 7,094 $824M
2024 1 6,062 $932M

Nearby 401(k) Plans in Ohio

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

Bread Financial 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -50510152025 Total assets ($B) Participants Bread Financial 401(k) Plan, Total assets ($B): 0.823693752 · Participants: 7094Bread Financial 401(k) PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Bread Financial 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Bread Financial 401(k) Plan side-by-side with 3 peers →

Scale composition for Bread Financial 401(k) Plan

Bread Financial 401(k) Plan reports $824M in end-of-year assets across 7,094 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $116,111 per participant (84% of the national average assets-per-participant) . Net income for plan year 2023 was $40M.

This plan identity (EIN 133163498, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $784M to $932M (+18.9%) while covered participants moved from 5,715 to 6,062 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,715 $784M Open filing
2023 7,094 $824M This page
2024 · index core 6,062 $932M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Bread Financial 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Schneider National, Inc. 401(k) Savings and Retirement Plan in WI ($824M); by covered participants it is Rural King 401(k) Plan in IL (7,101 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($824M here).

Similar participant headcount

Nearest other-state filings by covered participants (7,094 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bread Financial 401(k) Plan assets move in 2023? ▼
Bread Financial 401(k) Plan grew at a solid clip - up 5.1% during 2023, from $784M to $824M. Reported net income was $40M.
How have Bread Financial Payments, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bread Financial Payments, Inc.'s sponsor-wide assets grew 18.9%, from $784M to $932M.
Where does Bread Financial 401(k) Plan rank by assets among Form 5500 filers? ▼
Bread Financial 401(k) Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Bread Financial 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Schneider National, Inc. 401(k) Savings and Retirement Plan in WI ($824M, 16,358 participants).
Which 401(k) plans cover a similar participant headcount to Bread Financial 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rural King 401(k) Plan in IL (7,101 participants, $50M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 133163498.

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.