Employers › Bread Financial Holdings
Recordkeeping fees per participant · Bread Financial 401(k) Plan · plan year 2024
$4.69
Higher than 5% of the 1,697 plans $250M to 1B that report it.
= $41,851 / 8,914
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009123943NAL0003914291001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009123943NAL0003914291001, received 2025-10-09
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-09.
Administrative expenses excluding investment management, per participant
$4.69
Higher than 3% of the 2,324 plans $250M to 1B that report it.
= $41,851 / 8,914
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009123943NAL0003914291001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009123943NAL0003914291001, received 2025-10-09
Administrative expenses per participant
$4.69
Higher than 2% of the 2,405 plans $250M to 1B that report it.
= $41,851 / 8,914
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009123943NAL0003914291001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009123943NAL0003914291001, received 2025-10-09
Administrative expenses as a share of assets
0.004%
Higher than 3% of the 2,407 plans $250M to 1B that report it.
= $41,851 / $932,129,730
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009123943NAL0003914291001, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009123943NAL0003914291001, received 2025-10-09
Employer contributions per participant
$3,302
Higher than 54% of the 2,457 plans $250M to 1B that report it.
= $29,435,691 / 8,914
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009123943NAL0003914291001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009123943NAL0003914291001, received 2025-10-09
Employer share of total contributions
39.6%
Higher than 74% of the 2,459 plans $250M to 1B that report it.
= $29,435,691 / $74,419,776
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009123943NAL0003914291001, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009123943NAL0003914291001, received 2025-10-09
Plan terms are described in Bread Financial Holdings, Inc.'s SEC filings: Form 11-K filed 2026-06-10 and Form 10-K filed 2026-02-13. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009123943NAL0003914291001, received 2025-10-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BREAD FINANCIAL PAYMENTS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Plan name | BREAD FINANCIAL 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Sponsor EIN / plan number | 13-3163498 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Sponsor location | COLUMBUS, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Industry (business code) | 522298, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Participants, beginning of year | 11,087 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Active participants | 4,992 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Participants, end of year | 9,012 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Participants with an account balance | 8,914 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Total assets, beginning of year | $823,693,752 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Total assets, end of year | $932,129,730 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Net assets, end of year | $931,986,644 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Total income | $188,484,589 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Net income | $108,576,762 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Employer contributions | $29,435,691 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Participant contributions | $39,020,124 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Other contributions (incl. rollovers) | $5,963,961 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Total contributions | $74,419,776 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Benefit payments | $79,704,887 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $79,907,827 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Total administrative expenses | $41,851 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Recordkeeping fees | $41,851 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Administrative expenses excluding investment management | $41,851 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Held in common/collective trusts | $659,376,341 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Held in mutual funds | $211,379,888 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009123943NAL0003914291001, received 2025-10-09 |
| Independent auditor | ARY ROEPCKE MULCHAEY, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009123943NAL0003914291001, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009123943NAL0003914291001, received 2025-10-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| T ROWE PRICE RPS INCrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 62 Float revenue; 64 Recordkeeping fees; 65 Account maintenance fees | $41,851 | yes |
| CHARLES SCHWAB & CO., INC. | NONE | 33 Securities brokerage; 50 Direct payment from the plan; 55 Other commissions; 59 Shareholder servicing fees; 62 Float revenue; 71 Securities brokerage commissions and fees | $1,168 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251009123943NAL0003914291001, received 2025-10-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $823,693,752 | $932,129,730 | 13.2% |
| Participants with a balance | 9,878 | 8,914 | -9.8% |
| Administrative expenses | $549,109 | $41,851 | -92.4% |
| Recordkeeping fees per participant | not reported | $4.69 | |
| Employer contributions | $29,647,896 | $29,435,691 | -0.7% |
Prior filing 20240829094203NAL0013366993001, received 2024-08-29; the plan years are contiguous.
Sponsor name as filed: BREAD FINANCIAL PAYMENTS, INC.; SEC registrant: BREAD FINANCIAL HOLDINGS, INC. (CIK 1101215, matched by 11-K plan title; display name from the Form 11-K cover).