401(k) · DOL Form 5500 · 2024

Payday Benefits, LLC 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
1,162
Participants Near avg headcount
48th
Percentile by assets National rank
$5,929
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

$7M in assets, 1,162 participants

Payday Benefits, LLC's Payday Benefits Retirement Plan reported $7M in total assets and 1,162 participants in its 2024 DOL Form 5500 filing, ranking in the 48th 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.

  • #9,294 in Professional & Technical Services (20,173 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 $7M / 1,162 participants.

#9,294
in Professional & Technical Services (20,173 peers)
+82.0%
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 2024 · DOL Form 5500

$6,889,165 48th percentile higher than 48% of 123,620 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 2024

Payday Benefits Retirement Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Payday Benefits Retirement Plan lands in the large band (1,162 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Payday Benefits Retirement Plan end-of-year assets rose from $4M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Payday Benefits Retirement Plan reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Payday Benefits Retirement Plan reported participants rose from 913 in the plan year 2023 filing to 1,162 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 200416309 · Payday Benefits, LLC PY 2024 · 401(k)

Payday Benefits Retirement Plan · $7M · 1,162 · 48th

  • RANK $7M
  • RANK 1,162
  • RANK 48th
  • RANK 401(k)
  • RANK near Summit Medical Center, LLC 401(k) Plan
  • RANK ind #9294

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…$7MSummit Medical Center, LLC 401(k) PlanSummit Medical Center, LLC 4…$7MOkw Architects, PLLC 401(k) PlanOkw Architects, PLLC 401(k) …$7M403(b) Thrift Plan for Employees of Downriver Community Services Inc. Dba Community First Health Centers403(b) Thrift Plan for Emplo…$7MMullwoods, Inc.401(k) Retirement PlanMullwoods, Inc.401(k) Retire…$7M
End-of-year total assets ($M) among Payday Benefits Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$7M
Net Income$3M
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. -20000020000400006000080000 -202468 Total assets ($B) Participants Payday Benefits Retirement Plan, Total assets ($B): 0.006889165 · Participants: 1162Payday Benefits Retirement PlanIntermountain Health 401(k) Plan, Total assets ($B): 6.832891 · Participants: 68360Intermountain Health 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 6.145738842 · Participants: 25301Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.885575832 · Participants: 9972Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.420052359 · Participants: 14259Skywest, Inc. Employees' Retirement PlanRio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan, Total assets ($B): 0.686992924 · Participants: 1926Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan
Payday Benefits Retirement Plan vs. nearby 401(k) plans in Utah, assets vs. participants

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

Outside Utah, the nearest 401(k) by assets is Summit Medical Center, LLC 401(k) Plan in OK ($7M); by covered participants it is United Therapeutics Corporation Employees' Retirement Plan in MD (1,162 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2024. 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 2024?
Payday Benefits Retirement Plan surged - up 82.0% during 2024, from $4M to $7M. Reported net income was $3M.
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 Summit Medical Center, LLC 401(k) Plan in OK ($7M, 138 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 United Therapeutics Corporation Employees' Retirement Plan in MD (1,162 participants, $298M in assets).