Department of Labor filing

LENDMARK FINANCIAL SERVICES, LLC

LENDMARK 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

18filing 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

$2,299

Reported employer contributions per active participant.

Higher than about 22% of comparable plans

#People in the filing

2,277

Active participants reported for 2024.

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

¢Visible plan-paid fees

$122 / participant

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

Lower cost than about 8% of comparable plans

↗Investment performance

Not available

Plan assets changed 14.0%, 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 · 202418out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions22nd percentileTypical peer $4,074 · based on 112 comparable plans

Lower reported administrative expense8th percentileTypical peer $61 · based on 106 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, LENDMARK FINANCIAL SERVICES, LLC reported $5,235,129 in employer contributions across the plan and 2,277 active participants. That works out to $2,299 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 proxy85%

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 trendUp 14.4%

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

Expense trendDown 18.4%

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

Peer context18/100

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: $5,235,129
Participant contributions: $9,145,370
Other contributions: $944,548
Employer share of reported contributions: 36.4%
Beginning assets: $100,597,114
Ending assets: $114,679,217
Ending net assets: $114,679,217
Ending liabilities: $0
Total income: $26,846,123
Total expenses: $12,764,020
Administrative expenses: $347,750
Participant loans: $4,883,082

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

$2,010

2023

$2,225

2024

$2,299

Plan-paid administrative expenses per participant

2022

$150

2023

$140

2024

$122

Active participants

2022

2,046

2023

2,144

2024

2,277

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,299	2,277	114.7M	20251015161701NAL0006734912001
2023	$2,225	2,144	100.6M	20241016152712NAL0031982161001
2022	$2,010	2,046	82.7M	20231016151245NAL0025200243001

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: 4.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 582257419-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Oct 19, 2013
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
2S2E2F2G2J2K2T3H3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
EMPOWER ANNUITY INSURANCE COMPANY	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251015161701NAL0006734912001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗