Plan Snapshot
- Plan Sponsor: Planet Home Lending, LLC
- Sponsor EIN: 260362771
- Sponsor Address: 5020 RIVERSIDE DR, IRVING, TX, 75039
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,287
- Total Assets: $57.9M
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 | 1,287 | $57.9M | $1.4M | $7.3M |
| 2023 | 1,078 | $46.7M | $1.3M | $6.8M |
| 2022 | 1,217 | $35.6M | $1.3M | $7.6M |
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 | $91,434 | — | $91,434 |
| CREATIVE PLANNING, LLC | Investment Advisor | $62,720 | — | $62,720 |
| COHNREZNICK LLP | Auditor | $17,400 | — | $17,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- CREATIVE PLANNING, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $171,554
- Estimated Expense Ratio: 0.296% 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 | $174,157 | $65,323 | $300 | $17,400 | — |
| 2023 | $162,124 | $2,005 | $300 | $16,750 | — |
| 2022 | $162,046 | — | — | — | — |