Plan Ledger DOL Form 5500 · updated monthly

Marlette Funding, LLC401(k)

MARLETTE FUNDING, LLC 401(K) PLAN · WILMINGTON, DE · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Marlette Funding, LLC reported $152,640 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $6,478 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 1 year on file its reported administrative ratio fell from 0.41% to 0.33%. 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 56th-largest of 242 plans among Delaware employers on file, and the 1,607th of 4,798 in finance & insurance. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$52,259,500
Participants with balances665
Active participants506
Employer contributions$3,277,729
Employee contributions$6,264,249
Employer contribution per active participant$6,478
Average account balance$78,586
Benefits paid to participants$5,408,864
Plan auditUnmodified (clean) audit opinion
AuditorDELOITTE AND TOUCHE LLP
Plan history2
Yearassets · accounts · employer contribution
2024$52.3M · 665 accts · $3.3M emplr
2023$40.6M · 774 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,229
Investment management$126,411
Total administrative$152,640
The Marlette Funding, LLC 401(k) match · 2024
Employer contribution per active participant$6,478
Median for plans this size$2,416
2024$6,478 per active participant
2023$5,990 per active participant

Marlette Funding, LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$99,856
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$52,783
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.

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$152,640 · 0.33%
2023$136,661 · 0.41%
Same employer
Similar plansFinance & Insurance · Delaware
Slm Corporation DE$304.0M
The Bancorp, Inc. DE$142.5M · 0.11%
Marlette Funding, LLC DE$40.6M · 0.41%
Artisans' Bank DE$27.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832312213 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.