401(k) · DOL Form 5500 · 2024

Paymax Services, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
131
Participants Small participant base
53rd
Percentile by assets National rank
$65,987
Avg per participant Below avg 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

$9M in assets, 131 participants

Paymax Services, Inc.'s Paymax Services, Inc. 401(k) Profit Sharing Plan reported $9M in total assets and 131 participants in its 2024 DOL Form 5500 filing, ranking in the 53rd 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.

  • #10,243 in Professional & Technical Services (20,173 peers)

Coverage in Ohio

Paymax Services, Inc. 401(k) Profit Sharing Plan covers 131 participants in Ohio, about 17% of the average Ohio filer (state average ~765 per filing). Assets: $9M.

#10,243
in Professional & Technical Services (20,173 peers)
+8.0%
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 2024 · DOL Form 5500

$8,644,348 Top 47% higher than 53% 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

Paymax Services, Inc. 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 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 (131 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Paymax Services, Inc. 401(k) Profit Sharing Plan reported net income fell from $2M in the plan year 2023 filing to $641K in the plan year 2024 filing.
  • Paymax Services, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 341816901 · Paymax Services, Inc. PY 2024 · 401(k)

Paymax Services, Inc. 401(k) Profit Sharing Plan · $9M · 131 · 53rd

  • NET $9M
  • BOOK 131
  • VS-ST 53rd
  • BOY 401(k)
  • SCH near New Carbon Company, LLC 401(k) Retirement Plan
  • EBSA ind #10243

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)…$9MNew Carbon Company, LLC 401(k) Retirement PlanNew Carbon Company, LLC 401(…$9MLakeside Bottling Company Retirement Savings PlanLakeside Bottling Company Re…$9MForrest Solutions, Inc. 401(k) Profit Sharing Plan and TrustForrest Solutions, Inc. 401(…$9MCatanese Group 401(k) Profit Sharing PlanCatanese Group 401(k) Profit…$9M
End-of-year total assets ($M) among Paymax Services, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$641K
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 -505101520 Total assets ($B) Participants Paymax Services, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.008644348 · Participants: 131Paymax Services, Inc. 401(k) Profit Sharing PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement 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 New Carbon Company, LLC 401(k) Retirement Plan in PA ($9M); by covered participants it is T/J Inspection, Inc. 401(k) Plan in OK (131 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (131 participants); asset peers above are excluded.

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 Paymax Services, Inc. 401(k) Profit Sharing Plan assets move in 2024? ▼
Paymax Services, Inc. 401(k) Profit Sharing Plan grew at a solid clip - up 8.0% during 2024, from $8M to $9M. Reported net income was $641K.
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 New Carbon Company, LLC 401(k) Retirement Plan in PA ($9M, 190 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 T/J Inspection, Inc. 401(k) Plan in OK (131 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.