401(k) · DOL Form 5500 · 2023

Paymax Services, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
130
Participants Small participant base
54th
Percentile by assets National rank
$61,564
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

$8M in assets, 130 participants

Paymax Services, Inc.'s Paymax Services, Inc. 401(k) Profit Sharing Plan reported $8M in total assets and 130 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #10,619 in Professional & Technical Services (20,321 peers)

Coverage in Ohio

Paymax Services, Inc. 401(k) Profit Sharing Plan covers 130 participants in Ohio, about 17% of the average Ohio filer (state average ~765 per filing). Assets: $8M.

#10,619
in Professional & Technical Services (20,321 peers)
+27.9%
assets growth YoY

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 2023 · DOL Form 5500

$8,003,295 Top 46% higher than 54% 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

Paymax Services, Inc. 401(k) Profit Sharing 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. Paymax Services, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (130 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Paymax Services, Inc. 401(k) Profit Sharing Plan reported net income rose from -$981K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Paymax Services, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Paymax Services, Inc. 401(k) Profit Sharing Plan reported participants rose from 119 in the plan year 2022 filing to 130 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 341816901 · Paymax Services, Inc. PY 2023 · 401(k)

Paymax Services, Inc. 401(k) Profit Sharing Plan · $8M · 130 · 54th

  • PCT $8M
  • EIN 130
  • RANK 54th
  • PHOTO 401(k)
  • IND near Viridian Therapeutics, Inc. 401(k) Plan
  • EOY ind #10619

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)…$8MViridian Therapeutics, Inc. 401(k) PlanViridian Therapeutics, Inc. …$8MMann Lake Ltd. 401(k) Plan$8MIxp Corporation 401(k) Salary Reduction PlanIxp Corporation 401(k) Salar…$8MTrout-Blue Chelan Magi LLC 401(k) PlanTrout-Blue Chelan Magi LLC 4…$8M
End-of-year total assets ($M) among Paymax Services, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$8M
Net Income$2M
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 -50510152025 Total assets ($B) Participants Paymax Services, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.008003295 · Participants: 130Paymax Services, Inc. 401(k) Profit Sharing 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
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 Viridian Therapeutics, Inc. 401(k) Plan in MA ($8M); by covered participants it is Animax Designs, Inc. in TN (130 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Similar participant headcount

Nearest other-state filings by covered participants (130 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 Paymax Services, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
Paymax Services, Inc. 401(k) Profit Sharing Plan grew sharply - up 27.9% during 2023, from $6M to $8M. Reported net income was $2M.
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 Viridian Therapeutics, Inc. 401(k) Plan in MA ($8M, 87 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 Animax Designs, Inc. in TN (130 participants, $3M 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 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.