Plan Snapshot
- Plan Sponsor: Lendbuzz, INC.
- Sponsor EIN: 475047556
- Sponsor Address: 100 SUMMER STREET, SUITE 1920, BOSTON, MA, 02110
- Plan Type: 401(k)
- Total Participants: 372
- Total Assets: $7.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 372 | $7.9M | $792,693 | $1.5M |
| 2023 | 304 | $4.6M | $630,987 | $963,033 |
| 2022 | 199 | $2.5M | $433,892 | $729,586 |
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 |
|---|---|---|---|---|
| WOLF & COMPANY, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $24,818 | — | $24,818 | — | — |
| 2023 | $9,919 | — | $9,919 | — | — |
| 2022 | $5,886 | — | $5,886 | — | — |