Plan Ledger DOL Form 5500 · updated monthly

Global Lending Services LLC401(k)

GLOBAL LENDING SERVICES LLC 401(K) PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.55%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Global Lending Services LLC reported $132,641 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,265 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.62% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 205th-largest of 807 plans among South Carolina employers on file, and 2,572nd of 4,798 in finance & insurance. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,090,821
Participants with balances1,034
Active participants948
Employer contributions$2,147,181
Employee contributions$3,723,108
Employer contribution per active participant$2,265
Average account balance$26,200
Benefits paid to participants$3,277,091
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.1M · 1,034 accts · $2.1M emplr
2023$21.0M · 1,058 accts · $2.1M emplr
2022$13.9M · 1,000 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,847
Investment management$23,794
Total administrative$132,641
The Global Lending Services LLC 401(k) match · 2024
Employer contribution per active participant$2,265
Median for plans this size$2,416
2024$2,265 per active participant
2023$2,217 per active participant
2022$1,915 per active participant

Global Lending Services LLC's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$108,847
COLTON GROOME FINANCIAL ADVISORS · Investment advisory (plan)$17,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,794

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$132,641 · 0.55%
2023$105,709 · 0.61%
2022$82,922 · 0.62%
Same employer
Similar plansFinance & Insurance · South Carolina
Southern First Bank SC$31.1M · 0.38%
Countybank SC$28.2M · 0.21%
The Citizens Bank SC$27.7M · 0.04%
South Atlantic Bank SC$23.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900772739 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.