Paymaster, Inc. Multiple Employer 401(k) Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team · June 16, 2026

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Paymaster, Inc. · Florida · Professional & Technical Services

What the 2023 filing shows

Paymaster, Inc. Multiple Employer 401(k) Plan holds $25M for 479 participants — about $51,668 per participant, up 17.8% over the 2024 plan year.

$25M
total plan assets (2024 EOY): 479
covered participants: $51,668
avg assets per participant: +17.8%
assets growth YoY

Total Assets (2023)

$25M

Participants

479

State

Florida

Industry

Professional & Technical Services

What the Filing Says About Paymaster, Inc. Multiple Employer 401(k) Plan

Paymaster, Inc. Multiple Employer 401(k) Plan is a 401(k) retirement plan sponsored by Paymaster, Inc., headquartered in Florida. As of the 2024 Form 5500 filing, the plan reports $25M in total end-of-year assets and covers 479 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 650580656, and the plan has been effective since 2011-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $21M at the beginning of 2024 to $25M at year-end — a gain of 17.8%. Net assets (after liabilities) closed the year at $25M, with reported net income of $3M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$21M
Total Assets (End of Year)	$25M
Net Assets (End of Year)	$25M
Net Income	$3M
Plan Type	401(k)
Employer EIN	650580656
Plan Effective Date	2011-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Paymaster, Inc.)

Year	Plans	Participants	Total Assets
2022	1	518	$19M
2023	1	482	$21M
2024	1	479	$25M

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Compare Paymaster, Inc. Multiple Employer 401(k)… side-by-side with 3 peers →

Related Data

Guides

Frequently Asked Questions

How much money is in the Paymaster, Inc. Multiple Employer 401(k) Plan? ▼

As of the 2024 Form 5500 filing, Paymaster, Inc. Multiple Employer 401(k) Plan holds $25M in total assets with 479 participants. It is sponsored by Paymaster, Inc..

What type of plan is Paymaster, Inc. Multiple Employer 401(k) Plan? ▼

Paymaster, Inc. Multiple Employer 401(k) Plan is a 401(k) plan. It has been effective since 2011-01-01. The plan is filed with the U.S. Department of Labor under EIN 650580656.

Who sponsors the Paymaster, Inc. Multiple Employer 401(k) Plan? ▼

Paymaster, Inc. Multiple Employer 401(k) Plan is sponsored by Paymaster, Inc., located in Florida. The sponsor's EIN is 650580656 and the plan operates in the Professional & Technical Services industry.

How did Paymaster, Inc. Multiple Employer 401(k) Plan perform in 2024? ▼

Paymaster, Inc. Multiple Employer 401(k) Plan grew by 17.8% during 2024, moving from $21M to $25M in total assets. Net income was $3M.

Where can I find official filings for Paymaster, Inc. Multiple Employer 401(k) Plan? ▼

Official Form 5500 filings for Paymaster, Inc. Multiple Employer 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 650580656 or plan name at efast.dol.gov.

How does Paymaster, Inc. Multiple Employer 401(k) Plan compare to other plans? ▼

You can compare Paymaster, Inc. Multiple Employer 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Florida on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.