401(k) · DOL Form 5500 · 2023

Payfone, Inc. 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets: 249
Participants Below avg headcount: 71st
Percentile by assets National rank: $74,740
Avg per participant Below avg balance/head

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Official DOL plan name: Prove 401(k) Plan · Sponsored by Payfone, Inc. · New York · Information & Media

$19M in assets, 249 participants

Payfone, Inc.'s Prove 401(k) Plan reported $19M in total assets and 249 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

#1,723 in Information & Media (2,818 peers)

Coverage in New York

Prove 401(k) Plan covers 249 participants in New York, about 31% of the average New York filer (state average ~798 per filing). Assets: $19M.

#1,723
in Information & Media (2,818 peers): +64.8%
assets growth YoY

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

Prove 401(k) Plan vs every filed plan by assets

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

$18,610,288 Top 29% higher than 71% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Prove 401(k) 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. Prove 401(k) Plan sits mid-pack in the medium band (249 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Prove 401(k) Plan reported net income rose from $2M in the plan year 2022 filing to $7M in the plan year 2023 filing.
Prove 401(k) Plan end-of-year assets rose from $11M in the plan year 2022 filing to $19M in the plan year 2023 filing.
Prove 401(k) Plan reported participants rose from 232 in the plan year 2022 filing to 249 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 262231809 · Payfone, Inc. PY 2023 · 401(k)

Prove 401(k) Plan · $19M · 249 · 71st

PCT $19M
EIN 249
RANK 71st
PHOTO 401(k)
IND near Alfa Tech Consulting Engineers, Inc. 401(k) Plan
EOY ind #1723

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 Information & Media retirement plans → · Plans in New York →

End-of-year total assets ($M) among Prove 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)	$11M
Net Assets (End of Year)	$19M
Net Income	$7M
Employer EIN	262231809
Plan Effective Date	2008-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Payfone, Inc.)

Latest sponsor-wide plan assets: $24M 109.16169532561088% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	232	$11M
2023	1	249	$19M
2024	1	265	$24M

Nearby 401(k) Plans in New York

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

Prove 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401 (K) Plus Plan $57.4B · 54,912
Pfizer Savings Plan $19.6B · 30,033
Morgan Stanley 401(k) Plan $19.2B · 55,363
The Pepsico Savings Plan $13.7B · 133,597
The Goldman Sachs 401(k) Plan $11.4B · 24,866

Compare Prove 401(k) Plan side-by-side with 3 peers →

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

Outside New York, the nearest 401(k) by assets is Alfa Tech Consulting Engineers, Inc. 401(k) Plan in CA ($19M); by covered participants it is Millennium Rehab & Consulting Group, Inc. 401(k) Plan in IA (249 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($19M here).

Alfa Tech Consulting Engineers, Inc. 401(k) Plan (CA) $19M · 161
Group Publishing Inc. Profit Sharing Plan (CO) $19M · 81
Hutchinson Black and Cook, LLC Profit Sharing Plan (CO) $19M · 42
Ent Specialty Partners 401(k) Ps Plan (TX) $19M · 214

Similar participant headcount

Nearest other-state filings by covered participants (249 participants); asset peers above are excluded.

Millennium Rehab & Consulting Group, Inc. 401(k) Plan (IA) 249 · 0 off
Essa Bank & Trust 401(k) Plan (PA) 249 · 0 off
Len Busch Roses 401(k) Retirement Plan (MN) 249 · 0 off
Northstar Ems, Inc. 401(k) Profit Sharing Plan (AL) 249 · 0 off

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 Prove 401(k) Plan assets move in 2023? ▼

Prove 401(k) Plan surged - up 64.8% during 2023, from $11M to $19M. Reported net income was $7M.

How have Payfone, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Payfone, Inc.'s sponsor-wide assets grew 109.2%, from $11M to $24M.

Which 401(k) plans are similar in size to Prove 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Alfa Tech Consulting Engineers, Inc. 401(k) Plan in CA ($19M, 161 participants).

Which 401(k) plans cover a similar participant headcount to Prove 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Millennium Rehab & Consulting Group, Inc. 401(k) Plan in IA (249 participants, N/A 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 262231809.