Plan Ledger DOL Form 5500 · updated monthly

Lender Service Provider, LLC401(k)

LENDER SERVICE PROVIDER, LLC RETIREMENT SAVINGS PLAN · MERRIFIELD, VA · plan year 2024

Reported admin expense ratio · 2024
0.58%

Lender Service Provider, LLC reported $34,866 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. 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 rose from 0.02% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Virginia (1,695th of 2,266), and 4,320th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$6,559,921
Participants with balances178
Active participants141
Employer contributions—
Employee contributions$595,511
Employer contribution per active participant—
Average account balance$36,853
Benefits paid to participants$244,999
Plan auditUnmodified (clean) audit opinion
AuditorHANCOCK & ROBINSON CPA
Plan history2
Yearassets · accounts · employer contribution
2024$6.6M · 178 accts
2022$3.5M · 159 accts · $16K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,074
Investment management$342
Total administrative$34,866
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
E.R.I.S.A. INC. · Other services$450
VOYA RETIREMENT INS & ANNUITY · Investment advisory (participants)indirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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

Administrative cost history2
2024$34,866 · 0.58%
2022$700 · 0.02%
Same employer
Similar plansFinance & Insurance · Virginia
Capital Center, LLC VA$9.1M · 0.80%
Integrity Home Mortgage VA$9.0M · 0.63%
The Bank of Marion VA$6.5M · 0.57%
C&F Finance Company VA$6.5M · 0.76%
Strong Home Mortgage, LLC VA$5.7M · 0.75%
F & M Bank Corp. VA$4.6M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 453211922 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.