Plan Snapshot
- Plan Sponsor: Octane Lending, INC.
- Sponsor EIN: 464844834
- Sponsor Address: 1 MANHATTAN WEST, 395 9TH STREET, NEW YORK, NY, 10001
- Plan Type: 401(k)
- Total Participants: 575
- Total Assets: $23.5M
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 | 575 | $23.5M | $1.7M | $3.4M |
| 2023 | 514 | $16.1M | $1.4M | $2.8M |
| 2022 | 553 | $10.5M | $2.4M | $2.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $15,519 | — | $15,519 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $8,582 | — | $8,582 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,101
- Estimated Expense Ratio: 0.102% 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 | $24,101 | $8,582 | — | — | — |
| 2023 | $17,575 | $4,612 | — | — | — |
| 2022 | $10,444 | $898 | — | — | — |