# Lendingclub Corporation 401(k) Plan
Source: https://planprovider.pro/companies/lendingclub-corporation-401k-plan

> Lendingclub Corporation's 401(k) plan: 925 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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