Lending Solutions 401(K) Plan — Form 5500 plan (Lending Solutions, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Lending Solutions 401(K) Plan is a benefit plan reported by Lending Solutions, Inc. under EIN 36-3939532 and plan number 001. The latest loaded filing year is 2023. The filing reports 665 participants and $19,534,606 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Lending Solutions, Inc.
EIN
36-3939532
Plan number
001
Plan type
2
Location
Elgin, IL
Latest filing year
2023
Participants
665
End-of-year plan assets
$19,534,606

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023665H, C20241010192120NAL0011846163001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$19,534,606
Total liabilities (EOY)
$4,542
Net assets (EOY)
$19,530,064
Net assets (BOY)
$16,348,444

Income & contributions

Employer contributions
$605,713
Participant contributions
$970,496
Total contributions
$1,618,169
Total income / additions
$4,072,328

Expenses & distributions

Benefits paid
$813,936
Administrative expenses
$76,772
Total expenses
$890,708
Net increase / (decrease)
$3,181,620

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
First American BankTRUSTEE$76,772$02023

Related Form 5500 pages