Plan Ledger DOL Form 5500 · updated monthly

Oasis Legal Finance Operating Company, LLC401(k)

LIBRA SOLUTIONS 401(K) SAVINGS PLAN · ROSEMONT, IL · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Oasis Legal Finance Operating Company, LLC reported $72,374 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,942 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 0.46%. 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 1,771st-largest of 3,702 plans among Illinois employers on file, and 3,208th of 4,798 in finance & insurance. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 354 to 614 since 2022.

Plan summary
Net assets, end of year$18,391,083
Participants with balances411
Active participants614
Employer contributions$1,192,455
Employee contributions$2,313,764
Employer contribution per active participant$1,942
Average account balance$44,747
Benefits paid to participants$1,320,987
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.4M · 411 accts · $1.2M emplr
2023$13.1M · 402 accts · $491K emplr
2022$10.3M · 293 accts · $146K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,033
Investment management$29,341
Total administrative$72,374
The Oasis Legal Finance Operating Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,942
Median for plans this size$2,416
2024$1,942 per active participant
2023$1,313 per active participant
2022$413 per active participant

Oasis Legal Finance Operating Company, 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$43,033
CREATIVE PLANNING LLC · Investment advisory (plan)$18,840
MESIROW FINANCIAL INC · Investment advisory (plan)$10,501

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$72,374 · 0.46%
2023$55,080 · 0.47%
2022$52,090 · 0.48%
Similar plansFinance & Insurance · Illinois
Marine Bank IL$18.8M · 0.26%
Dieterich Bank IL$18.8M · 0.42%
Devon Bank IL$18.8M · 0.31%
R.W. Troxell & Company IL$17.9M · 0.47%
Fnbc of Lagrange, Inc. IL$17.8M · 0.02%
First Federal Savings Bank IL$17.6M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 201368823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.