Retirement plan

LENDKEY 401(K) PLAN

Name: LENDKEY TECHNOLOGIES, INC. - LENDKEY 401(K) PLAN (2021) Form 5500
Creator: LENDKEY TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LENDKEY 401(K) PLAN, LENDKEY TECHNOLOGIES, INC.

LENDKEY TECHNOLOGIES, INC.EIN 65-1307115Plan #001PY 2021

9999 CARVER ROAD, SUITE 400 - BLUE ASH, OH 45242513-808-4129lendkey.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$5.4M

+25.3% from 2020

Total participants

232

+9.4% from 2020

Average account balance

$24,932

+10.9% from 2020

Annual return

18.04%

-3.42 pp from 2020

Benchmarks

See 5,714 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,714 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$9.38M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$34K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

277

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.14%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$98

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC1 year Service code 27 24 E COTA STREET · SANTA BARBARA, CA 93101	Advisory (Plan)	$11,454
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930	Recordkeeping	$3,217

Plan features & details

Pension benefit codes2S2E3D2G2J2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$15K

$112 / participant

Investment mgmt$11K78.1%
Contract admin$3K21.9%

% of EOY assets

0.270%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BARNES DENNIG & CO LTD.
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,932

$104,497-76.1%

$159,487-84.4%

$79,389-68.6%

Participation rate

89.3%

76.6%+12.7pp

82.8%+6.5pp

70.7%+18.6pp

Annual return

18.04%

67.98%-49.9pp

263.71%-245.7pp

116.89%-98.9pp

Employer contribution / active EE

$3,418-100.0%

$4,831-100.0%

$2,428-100.0%

Participant deferral / active EE

$6,088

$6,468-5.9%

$7,354-17.2%

$4,046+50.5%

Admin fee / account holder

$67

$711-90.5%

$10,804-99.4%

$626-89.3%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC1 year

Service code 27

24 E COTA STREET · SANTA BARBARA, CA 93101

Advisory (Plan)

$11,454

THE VANGUARD GROUP, INC.2 years

Service code 15 · EIN 23-1945930

Recordkeeping

$3,217

LENDKEY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LENDKEY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion