Freedompay, Inc. 401(k) Plan: Login, Facts & Contact Information

Freedompay, Inc. 401(k) Plan Facts

Plan name
FREEDOMPAY, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FREEDOMPAY, INC.
Participants
512 (478 active employees)
Former employees with a balance
72
Plan assets
$27,575,389 at Dec 31, 2024
Average account balance
$52,725 across 523 accounts
Employer contributions
$787,876 in plan year 2024 (12% of all contributions)
Recordkeeper
M. Holdings Securities, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2001
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $6.35 million went into the plan in contributions, $787,876 of it from the employer (12%).
  • $816,772 was paid out to participants.
  • Investment and other income added $3.12 million.
  • Administrative expenses were $95,424, about $182 per account.

How the Freedompay, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019161$5.78 million$256,935$89,949
2020215$8.59 million$77,271$266,947
2021234$11.8 million$146,479$394,980
2022319$12.9 million$502,337$414,709
2023443$19.0 million$669,935$1.26 million
2024512$27.6 million$787,876$816,772

Freedompay, Inc. 401(k) Contact Information

Phone
484-381-4863
Mailing address
2929 WALNUT STREET FLOOR 14, PHILADELPHIA PA 19104
Plan sponsor
FREEDOMPAY, INC.
Employer identification number (EIN)
23-3028266
Plan number
001

Questions about the Freedompay, Inc. 401(k)

Does Freedompay, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $787,876, 12% of all contributions.

Does the Freedompay, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Freedompay, Inc 401(k) plan?

512 participants at the start of plan year 2024, 478 of them active employees, and 72 former employees who still had money in the plan.

What is the average 401(k) balance at Freedompay, Inc?

About $52,725 per account: $27.6 million in plan assets across 523 accounts with a balance at the end of plan year 2024.

Who manages the Freedompay, Inc 401(k) accounts?

M. HOLDINGS SECURITIES, INC. is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Freedompay, Inc. How do I access my 401(k)?

Your account stays with M. HOLDINGS SECURITIES, INC. after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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