401(k) · DOL Form 5500 · 2023

Payday Benefits, LLC 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
913
Participants Near avg headcount
40th
Percentile by assets National rank
$4,198
Avg per participant Low balance/head
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Official DOL plan name: Payday Benefits Retirement Plan · Sponsored by Payday Benefits, LLC · Utah · Professional & Technical Services

$4M in assets, 913 participants

Payday Benefits, LLC's Payday Benefits Retirement Plan reported $4M in total assets and 913 participants in its 2023 DOL Form 5500 filing, ranking in the 40th 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.

  • #7,479 in Professional & Technical Services (20,321 peers)

Payday Benefits, LLC multi-year trail

Payday Benefits, LLC's plans moved +217.4% in assets from 2022 to 2024; this filing shows Payday Benefits Retirement Plan at $4M / 913 participants.

#7,479
in Professional & Technical Services (20,321 peers)
+76.6%
assets growth YoY

Payday Benefits Retirement Plan's mid-pack asset rank among Professional & Technical Services and all filers

Payday Benefits Retirement Plan vs every filed plan by assets

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

$3,832,765 40th percentile higher than 40% 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

Payday Benefits Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Payday Benefits Retirement Plan sits mid-pack in the medium band (913 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Payday Benefits Retirement Plan reported net income rose from -$14K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Payday Benefits Retirement Plan end-of-year assets rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Payday Benefits Retirement Plan reported participants rose from 718 in the plan year 2022 filing to 913 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 200416309 · Payday Benefits, LLC PY 2023 · 401(k)

Payday Benefits Retirement Plan · $4M · 913 · 40th

  • VS-ST $4M
  • VS-ST 913
  • VS-ST 40th
  • VS-ST 401(k)
  • VS-ST near Commerce Media Holdings 401(k) Plan
  • VS-ST ind #7479

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 Utah →

Payday Benefits Retirement Plan in the asset neighbourhood

Payday Benefits Retirement PlanPayday Benefits Retirement P…$4MCommerce Media Holdings 401(k) PlanCommerce Media Holdings 401(…$4MFriendly Home Services Group, LLC 401(k) PlanFriendly Home Services Group…$4MBlack River Area Development Corp. 401(k) PlanBlack River Area Development…$4MEast Coast Orthotic & Prosthetic Corp 401(k) PlanEast Coast Orthotic & Prosth…$4M
End-of-year total assets ($M) among Payday Benefits Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Payday Benefits, LLC multi-year asset trail

Sponsor-wide plan assets over time

All Payday Benefits, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$7M 217.39712944231312% vs 2022
2024 filing year
$0M$2M$4M$6M$8M 202220232024 $2.17M $6.89M ▲ +217.5%
Year Plans Participants Total Assets
2022 1 718 $2M
2023 1 913 $4M
2024 1 1,162 $7M

Payday Benefits, LLC filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$4M
Net Income$2M
Employer EIN200416309
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Utah

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

Payday Benefits Retirement Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants Payday Benefits Retirement Plan, Total assets ($B): 0.003832765 · Participants: 913Payday Benefits Retirement PlanIntermountain Healthcare Savings Plus 401(k) Plan, Total assets ($B): 6.015479 · Participants: 46680Intermountain Healthcare Savings Plus 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 5.481729272 · Participants: 24292Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.662904822 · Participants: 10088Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.192769515 · Participants: 15411Skywest, Inc. Employees' Retirement PlanAutoliv Asp, Inc. Employee Savings and Investment Plan, Total assets ($B): 0.633594695 · Participants: 4537Autoliv Asp, Inc. Employee Savings and Investment Plan
Payday Benefits Retirement Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare Payday Benefits Retirement Plan side-by-side with 3 peers →

Payday Benefits Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Commerce Media Holdings 401(k) Plan in CA ($4M); by covered participants it is The Consolidated Pipe & Supply Company, Inc. Employees' Profit Sharing 401(k) Plan and Trust in AL (913 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (913 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 Payday Benefits Retirement Plan assets move in 2023? ▼
Payday Benefits Retirement Plan surged - up 76.6% during 2023, from $2M to $4M. Reported net income was $2M.
How have Payday Benefits, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Payday Benefits, LLC's sponsor-wide assets grew 217.4%, from $2M to $7M.
Which 401(k) plans are similar in size to Payday Benefits Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Commerce Media Holdings 401(k) Plan in CA ($4M, 147 participants).
Which 401(k) plans cover a similar participant headcount to Payday Benefits Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Consolidated Pipe & Supply Company, Inc. Employees' Profit Sharing 401(k) Plan and Trust in AL (913 participants, $78M 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 200416309.

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.