Luminate Home Loans, Inc.401(k)

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

Luminate Home Loans, Inc. reported $110,128 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,320 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 3 years on file its reported administrative ratio has held roughly steady near 0.50%. 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 779th-largest of 1,918 plans among Minnesota employers on file, and 2,689th of 4,798 in finance & insurance. In 2024, employees put in $4.59 for every $1.00 the employer contributed; active participation has grown from 195 to 656 since 2022.