Bread Financial Payments 401(k) match, vesting and fees
What Bread Financial Payments' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Ary Roepcke Mulchaey, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 118 defined-contribution plans in finance and insurance with 5,000 to 9,999 participants.
| Bread Financial Payments: employer contribution per participant | $3,302 | |
| Peer median | $3,354 |
| Bread Financial Payments: average balance | $104,553 | |
| Peer median | $126,365 |
| Bread Financial Payments: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $987M at the end of plan year 2021 to $932M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 9,012 | $932M | $29.4M | $3,302 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 11,097 | $823M | $29.6M | $3,001 | 0.07% | Not published | Form 5500 ↗ |
| 2022 | 13,064 | $784M | $18M | $1,664 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 12,282 | $987M | $15.7M | $1,415 | 0.08% | Not published | Form 5500 ↗ |
Common questions
Does Bread Financial Payments match 401(k) contributions?
The match terms for the Bread Financial 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $29.4M in employer contributions, about $3,302 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bread Financial Payments 401(k) match vested?
The vesting schedule for the Bread Financial 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bread Financial Payments 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Bread Financial Payments, Inc..
I left Bread Financial Payments. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bread Financial Payments, Inc., (614) 729-4000) or the recordkeeper, T Rowe Price Rps Inc. The Bread Financial Payments old 401(k) page lists the contacts from every plan filing. Find an old Bread Financial Payments 401(k)
Data from the public Form 5500 annual reports Bread Financial Payments filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bread Financial Payments. Not financial advice. Report a correction · Methodology