Plan Ledger DOL Form 5500 · updated monthly

Marlette Funding, LLC401(k)

MARLETTE FUNDING, LLC 401(K) PLAN · WILMINGTON, DE · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Marlette Funding, LLC reported $136,661 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $5,990 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 has held roughly steady near 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 66th-largest of 242 plans among Delaware employers on file, and the 1,936th of 4,798 in finance & insurance. In 2023, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,625,681
Participants with balances774
Active participants571
Employer contributions$3,420,040
Employee contributions$6,232,193
Employer contribution per active participant$5,990
Average account balance$52,488
Benefits paid to participants$2,461,116
Plan auditUnmodified (clean) audit opinion
AuditorDELOITTE
Plan history2
Yearassets · accounts · employer contribution
2023$40.6M · 774 accts · $3.4M emplr
2022$25.6M · 676 accts · $2.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,963
Investment management$116,698
Total administrative$136,661
The Marlette Funding, LLC 401(k) match · 2023
Employer contribution per active participant$5,990
Median for plans this size$2,440
2023$5,990 per active participant
2022$3,801 per active participant

Marlette Funding, LLC's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$92,990
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$43,670
ADP BROKER-DEALERindirect 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
2023$136,661 · 0.41%
2022$100,589 · 0.43%
Same employer
Similar plansFinance & Insurance · Delaware
Slm Corporation DE$304.0M
The Bancorp, Inc. DE$142.5M · 0.11%
Marlette Funding, LLC DE$52.3M · 0.33%
Artisans' Bank DE$27.9M · 0.21%
Continental Finance Company DE$20.4M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463428783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.