Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Paramount Merchant Funding
Paramount Merchant Funding 401(k)
- Finance and insurance
- New York, NY
- EIN 90-0393753
- 1 plan with Schedule H financials
- Plan year 2024
- Paramount Merchant Funding LLC
- filed as Fora Financial LLC
Administrative expenses excluding investment management, per participant · Fora Financial LLC 401(k) Plan · plan year 2024
$24.84
Higher than 19% of the 14,713 plans $1 to 10M that report it.
Source
= $3,130 / 126
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008151541NAL0003104227001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008151541NAL0003104227001, received 2025-10-08
Percentiles compare this plan with the Schedule H plans $1 to 10M 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 2025-10-08.
Cost and contributions
Administrative expenses per participant
$24.84
Higher than 12% of the 15,210 plans $1 to 10M that report it.
Source
= $3,130 / 126
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008151541NAL0003104227001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008151541NAL0003104227001, received 2025-10-08
Administrative expenses as a share of assets
0.046%
Higher than 7% of the 15,243 plans $1 to 10M that report it.
Source
= $3,130 / $6,842,387
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008151541NAL0003104227001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008151541NAL0003104227001, received 2025-10-08
Employer contributions per participant
$2,968
Higher than 91% of the 13,342 plans $1 to 10M that report it.
Source
= $373,946 / 126
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008151541NAL0003104227001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008151541NAL0003104227001, received 2025-10-08
Employer share of total contributions
24.0%
Higher than 34% of the 13,370 plans $1 to 10M that report it.
Source
= $373,946 / $1,558,907
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008151541NAL0003104227001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008151541NAL0003104227001, received 2025-10-08
Plan terms, as stated in Paramount Merchant Funding LLC's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2J 401(k) feature · 2G fully participant-directed · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008151541NAL0003104227001, received 2025-10-08
Full record, Fora Financial LLC 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FORA FINANCIAL LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Plan name | FORA FINANCIAL LLC 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Sponsor EIN / plan number | 90-0393753 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Industry (business code) | 522291, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Filing received | 2025-10-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Participants, beginning of year | 145 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Active participants | 137 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Participants, end of year | 155 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Participants with an account balance | 126 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Total assets, beginning of year | $5,004,907 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Total assets, end of year | $6,842,387 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Net assets, end of year | $6,842,387 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Total income | $2,363,498 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Net income | $1,837,480 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Employer contributions | $373,946 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Participant contributions | $1,075,186 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Other contributions (incl. rollovers) | $109,775 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Total contributions | $1,558,907 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Benefit payments | $522,888 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Total expenses (incl. benefit payments) | $526,018 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Total administrative expenses | $3,130 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Contract administrator fees | $2,730 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Recordkeeping fees | $0 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Administrative expenses excluding investment management | $3,130 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008151541NAL0003104227001, received 2025-10-08 |
| Independent auditor | FARBER, BLICHT, EYERMAN & HERZOG, L | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008151541NAL0003104227001, received 2025-10-08 |
Position = column in the DOL layout for form year 2024. Filing 20251008151541NAL0003104227001, received 2025-10-08.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | SERVICE PROVIDER | 99 Other fees | $0 | yes |
| ASSOCIATED PENSION CONSULTANTS, INC | THIRD PARTY ADMINISTRATO | 49 Other services | $0 | 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 20251008151541NAL0003104227001, received 2025-10-08.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $5,004,907 | $6,842,387 | 36.7% |
| Participants with a balance | 105 | 126 | 20.0% |
| Administrative expenses | $3,965 | $3,130 | -21.1% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $323,206 | $373,946 | 15.7% |
Prior filing 20240924104105NAL0017304960001, received 2024-09-24; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: FORA FINANCIAL LLC; SEC registrant: Paramount Merchant Funding LLC (CIK 1578904, matched by EIN).