Plan Snapshot
- Plan Sponsor: Lending Solutions, INC.
- Sponsor EIN: 363939532
- Sponsor Address: 2200 POINT BOULEVARD, ELGIN, IL, 60123
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 433
- Total Assets: $20.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 433 | $20.9M | $0 | $0 |
| 2024 | 395 | $18.4M | $548,620 | $858,993 |
| 2023 | 480 | $19.5M | $605,713 | $970,496 |
| 2022 | 500 | $16.4M | $611,287 | $946,896 |
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 |
|---|---|---|---|---|
| FIRST AMERICAN BANK | Recordkeeper | $55,308 | — | $55,308 |
| CLEARWATER CAPITAL PARTNERS LLC | Investment Advisor | $33,904 | — | $33,904 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,212
- Estimated Expense Ratio: 0.427% 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 |
|---|---|---|---|---|---|
| 2025 | $1,885,404 | — | — | — | — |
| 2024 | $79,998 | — | — | — | — |
| 2023 | $76,772 | $76,772 | — | — | — |
| 2022 | $82,920 | — | — | — | $82,920 |