Plan Snapshot
- Plan Sponsor: Lendmark Financial Services, LLC
- Sponsor EIN: 582257419
- Sponsor Address: 1735 NORTH BROWN ROAD, LAWRENCEVILLE, GA, 30043
- Plan Type: 401(k)
- Total Participants: 2,277
- Total Assets: $114.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 2,277 | $114.7M | $5.2M | $9.1M |
| 2023 | 2,144 | $100.6M | $4.8M | $8.3M |
| 2022 | 2,046 | $82.7M | $4.1M | $7.1M |
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 | $244,919 | — | $244,919 |
| ALLIANT INSURANCE SERVICES INC DBA | Investment Advisor | $94,679 | — | $94,679 |
| ADVISED ASSETS GROUP, LLC | Investment Advisor | $8,153 | — | $8,153 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $347,751
- Estimated Expense Ratio: 0.303% 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 | $347,750 | $102,831 | — | — | — |
| 2023 | $324,083 | $82,773 | $237,860 | — | — |
| 2022 | $309,587 | $78,439 | $222,728 | — | — |