Department of Labor filing

LENDBUZZ, INC.

LENDBUZZ, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 13, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

38filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$2,131

Reported employer contributions per active participant.

Higher than about 22% of comparable plans

#People in the filing

372

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$73 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 76% of comparable plans

↗Investment performance

Not available

Plan assets changed 72.3%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202438out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions22nd percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense76th percentileTypical peer $184 · based on 1,443 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, LENDBUZZ, INC. reported $792,693 in employer contributions across the plan and 372 active participants. That works out to $2,131 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy88%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 2.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 67.4%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context38/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $792,693
Participant contributions: $1,529,274
Other contributions: $611,635
Employer share of reported contributions: 34.1%
Beginning assets: $4,582,298
Ending assets: $7,893,601
Ending net assets: $7,893,601
Ending liabilities: Not reported
Total income: $3,865,454
Total expenses: $554,151
Administrative expenses: $24,818
Participant loans: $50,622

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,180

2023

$2,076

2024

$2,131

Plan-paid administrative expenses per participant

2022

$44

2023

$46

2024

$73

Active participants

2022

199

2023

304

2024

372

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,131	372	7.9M	20251013105428NAL0002499186002
2023	$2,076	304	4.6M	20241008084858NAL0009485075001
2022	$2,180	199	2.5M	20231012091354NAL0020063379001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 475047556-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2019
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2J2K2F2G2R3D

Current plan terms

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Filing ACK_ID20251013105428NAL0002499186002

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗