Cash Processing Solutions 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Cash Processing Solutions 401(k) Plan Facts (plan year 2020)

Plan name
CASH PROCESSING SOLUTIONS 401(K) MATCHED SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CASH PROCESSING SOLUTIONS
Participants
252 (64 active employees)
Former employees with a balance
158
Plan assets
$17,563,449 at Dec 31, 2020
Average account balance
$79,115 across 222 accounts
Employer contributions
$286,093 in plan year 2020 (37% of all contributions)
Recordkeeper
Adp, Inc.
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Oct 1, 1999
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 20, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $770,757 went into the plan in contributions, $286,093 of it from the employer (37%).
  • $1.75 million was paid out to participants.
  • Investment and other income added $2.36 million.
  • Administrative expenses were $44,253, about $199 per account.

How the Cash Processing Solutions 401(k) changed, 2016–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016243$15.3 million$271,030$2.08 million
2017213$16.9 million$203,228$1.74 million
2018191$13.7 million$296,015$3.64 million
2019245$16.2 million$488,489$1.43 million
2020252$17.6 million$286,093$1.75 million

Cash Processing Solutions 401(k) Contact Information

Phone
972-582-1155
Mailing address
6401 COMMERCE DR, IRVING TX 75063
Plan sponsor
CASH PROCESSING SOLUTIONS
Employer identification number (EIN)
11-2003579
Plan number
001

Questions about the Cash Processing Solutions 401(k)

Is the Cash Processing Solutions 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Cash Processing Solutions contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $286,093, 37% of all contributions.

Does the Cash Processing Solutions 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Cash Processing Solutions 401(k) plan?

252 participants at the start of plan year 2020, 64 of them active employees, and 158 former employees who still had money in the plan.

What is the average 401(k) balance at Cash Processing Solutions?

About $79,115 per account: $17.6 million in plan assets across 222 accounts with a balance at the end of plan year 2020.

Who manages the Cash Processing Solutions 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

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