Plan Snapshot
- Plan Sponsor: Legend Lending Corp.
- Sponsor EIN: 208157645
- Sponsor Address: 17047 EL CAMINO REAL, HOUSTON, TX, 77058
- Plan Type: 401(k)
- Total Participants: 76
- Total Assets: $5.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 76 | $5.7M | $91,931 | $495,336 |
| 2023 | 57 | $5.6M | $105,912 | $478,062 |
| 2022 | 160 | $5.8M | $469,401 | $585,266 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DECIMAL, INC. | Recordkeeper | $14,791 | — | $14,791 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,791
- Estimated Expense Ratio: 0.257% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $16,592 | $200 | — | — | — |
| 2023 | $20,030 | — | — | — | — |
| 2022 | — | — | — | — | — |