Plan Snapshot
- Plan Sponsor: Lendingclub Corporation
- Sponsor EIN: 510605731
- Sponsor Address: 595 MARKET ST. #200, SAN FRANCISCO, CA, 94105
- Plan Type: 401(k)
- Total Participants: 925
- Total Assets: $145.2M
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. |
|---|---|---|---|---|
| 2024 | 925 | $145.2M | $3.1M | $10.9M |
| 2023 | 1,065 | $131.6M | $4.0M | $13.5M |
| 2022 | 1,504 | $109.2M | $4.0M | $13.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $131,801 | — | $131,801 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $100,167 | — | $100,167 |
| CROWE, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $231,968
- Estimated Expense Ratio: 0.160% 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 | $218,066 | — | — | — | — |
| 2023 | $230,578 | $79,230 | — | — | — |
| 2022 | $203,897 | $61,881 | $142,016 | — | — |