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Original filing (PDF)20251014081913NAL0001118387001
PAYMASTER, INC.
Form 5500
FILING_RECEIVED
PAYMASTER, INC. MULTIPLE EMPLOYER 401(K) PLAN
401(k) retirement plan
Signals · 2
~77 bps in Sched C feesNo recordkeeper disclosed
Active participants
579
Accounts w/ balance
497
Plan assets (EOY)
$24.7M
Net assets (EOY)
$24.7M
How this plan invests
This plan
44 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 77 bps in Schedule C fees — 166% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PAYMASTER, INC..
Plan sponsor
Name
PAYMASTER, INC.
EIN
65-0580656
Address
1880 NORTH CONGRESS AVENUE · SUITE 222 · BOYNTON BEACH, FL · 33426
Phone
(561) 735-9969
Industry
Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
2V · PEO multiple-employer plan
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
KSDT CPA
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| KOVACK ADVISORS INC. | — | FT. LAUDERDALE, FL | INVESTMENT ADVISORY | $37K | — |
TPA / Administrator
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SLAVIC INTEGRATED ADMINISTRATION | 65-0608221 | — | TPA | $99K | — |
| PAYMASTER, INC. | 65-0580656 | — | PLAN ADMINISTRATOR | $27K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SLAVIC MUTUAL FUND MANAGEMENT CORP | 59-2749576 | — | PORTFOLIO MANAGEMENT | $28K | — |
Investments
41 direct securities· $24.9M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund Admiral Shares | — | — | — | $4.2M | 16.9% | |
| Vanguard Information Technology Index Fund Admiral Shares | — | — | — | $2.8M | 11.3% | |
| Fidelity 500 Index Fund | — | — | — | $2.5M | 10.3% | |
| Vanguard Intermediate-Term Bond Index Fund Admiral Shares | — | — | — | $2.2M | 8.9% | |
| Vanguard Federal Money Market Fund Investor Shares | — | — | — | $2.1M | 8.4% | |
| T. Rowe Price T. Rowe Price New American Growth Fund | — | — | — | $1.4M | 5.5% | |
| Vanguard Mid-Cap Growth Index Fund Admiral Shares | — | — | — | $1.2M | 4.8% | |
| Vanguard Target Retirement 2030 | — | — | — | $1.2M | 4.8% | |
| Vanguard Consumer Staples Index | — | — | — | $820K | 3.3% | |
| BlackRock iShares MSCI EAFE International Index Fund Class K | — | — | — | $735K | 3.0% | |
| American Funds American Funds New Perspective R6 | — | — | — | $711K | 2.9% | |
| T. Rowe Price T. Rowe Price Dividend Growth Fund | — | — | — | $558K | 2.3% | |
| Fidelity US Bond Index Fund | — | — | — | $484K | 2.0% | |
| Vanguard Target Retirement 2025 | — | — | — | $438K | 1.8% | |
| Vanguard Target Retirement 2035 Fund Investor Shares | — | — | — | $351K | 1.4% | |
| Vanguard Target Retirement 2045 | — | — | — | $303K | 1.2% | |
| Participant Loans 4.25% - 9.50% | — | — | — | $259K | 1.0% | |
| Notes receivable from participants Interest at 4.25% to 9.50% maturities through 2031 | — | — | — | $259K | 1.0% | |
| American Funds American Funds EuroPacific Growth Fund Class R6 | — | — | — | $253K | 1.0% | |
| Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | — | — | — | $253K | 1.0% | |
| Franklin/Templeton Franklin Utilities Fund Class R6 | — | — | — | $248K | 1.0% | |
| Vanguard Target Retirement 2040 Fund Investor Shares | — | — | — | $235K | 1.0% | |
| Vanguard Utilities Index Admiral | — | — | — | $222K | 0.9% | |
| Vanguard Small-Cap Index Fund Admiral Shares | — | — | — | $152K | 0.6% | |
| Oppenheimer Funds Oppenheimer Gold & Special Minerals I | — | — | — | $129K | 0.5% | |
| Vanguard Mid Cap Value Index Admiral | — | — | — | $110K | 0.4% | |
| Fidelity Advisor Materials Fund Class I | — | — | — | $108K | 0.4% | |
| Vanguard Target Retirement 2020 | — | — | — | $102K | 0.4% | |
| Vanguard Small Cap Value Index Fund Admiral Shares | — | — | — | $97K | 0.4% | |
| Vanguard Target Retirement 2050 Fund Investor Shares | — | — | — | $94K | 0.4% | |
| Vanguard Target Retirement 2070 | — | — | — | $80K | 0.3% | |
| Vanguard Mid-Cap Index Fund Admiral Shares | — | — | — | $78K | 0.3% | |
| Vanguard Small-Cap Growth Index Fund Admiral Shares | — | — | — | $66K | 0.3% | |
| Vanguard Target Retirement 2055 Fund Investor Shares | — | — | — | $60K | 0.2% | |
| Vanguard Short-Term Federal Fund Admiral Shares | — | — | — | $54K | 0.2% | |
| Putnam High Yield Fund Class Y | — | — | — | $53K | 0.2% | |
| Fidelity Emerging Markets Index | — | — | — | $23K | <0.1% | |
| Vanguard Target Retirement 2065 Inv | — | — | — | $14K | <0.1% | |
| Vanguard Target Retirement 2060 Fund Investor Shares | — | — | — | $14K | <0.1% | |
| Vanguard Real Estate Index Fund Admiral Shares | — | — | — | $7K | <0.1% | |
| Vanguard Target Retirement Income Fund Investor Class | — | — | — | $1K | <0.1% |
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