Plan Snapshot
- Plan Sponsor: Loanpeople LLC
- Sponsor EIN: 834428887
- Sponsor Address: 3420 EXECUTIVE CENTER DRIVE, AUSTIN, TX, 78731
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 144
- Total Assets: $3.5M
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. |
|---|---|---|---|---|
| 2025 | 144 | $3.5M | $0 | $0 |
| 2024 | 136 | $2.8M | $0 | $550,679 |
| 2023 | 97 | $2.1M | $5,365 | $500,643 |
| 2022 | 111 | $1.9M | $223,509 | $650,930 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Other Service Provider | $18,900 | — | $18,900 |
| WELLTH ADVISORY SERVICES LLC | Other Service Provider | $15,913 | — | $15,913 |
| THE AMERICAN AUDITORS GROUP, LLC | Other Service Provider | $7,000 | — | $7,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,813
- Estimated Expense Ratio: 1.188% 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 | $703,026 | $15,913 | $8,899 | $7,000 | — |
| 2024 | $17,276 | — | $17,276 | — | — |
| 2023 | $16,717 | — | $16,717 | — | — |
| 2022 | $52,510 | — | — | — | — |