Virginia › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Lender Service Provider, LLC Retirement Savings Plan
Sponsored by Lender Service Provider, LLC, Merrifield, VA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Lender Service Provider, LLC Retirement Savings Plan is a 401(k) plan sponsored by Lender Service Provider, LLC of Merrifield, Virginia. For the plan year ending 31 Dec 2024 it reported 183 participants, 141 of them active, and net assets of $6.6M.
Net assets came to $35,847 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $4,605: $25.16 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $35K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $35,847 | $60,185 | $92,294 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $3,564 | $2,175 |
| Schedule C compensation per participant | $25.16 | $194 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.07% | 0.32% | 0.17% | 0.26% |
| Administrative expenses per participant | $191 | $176 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 183 | $6.6M | $35,847 | — | $596K | $5,000 |
| 2022 | 167 | $3.5M | $21,114 | $16K | $98K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$5,362,401
- Employer contributions—
- Participant contributions$595,511
- Rollovers and other contributions$164,942
- Total contributions$760,453
- Total income, including investment results$1,477,385
- Benefits paid$244,999
- Administrative expenses$34,866
- Total expenses$279,865
- Net income$1,197,520
- Net transfers$0
- Net assets, end of year$6,559,921
Participants
- Active participants141
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits42
- Participants with account balances178
- Total participants, end of year183
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| E.R.I.S.A. Inc. | Other services | $450 | $2,855 |
| Morningstar | Investment advisory (plan) | $0 | $886 |
| Voya Retirement Ins & Annuity | Investment advisory (participants) | $0 | $414 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$34,074
- Other administrative expenses$450
- Investment advisory and management fees$342
- Total administrative expenses$34,866
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$6.3M · 95.3%
- Common/collective trusts$207K · 3.2%
- Participant loans$101K · 1.5%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522300: Activities Related to Credit Intermediation (including loan brokers, check clearing, & money transmitting).
Similar plans in Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| First Savings Mortgage Corporation 401(k) Salary Reduction Plan | First Savings Mortgage Corporation | 184 | $63.3M | $344,191 |
| Sba Defined Contribution Plan for Capital Center, | Capital Center, LLC | 175 | $9.1M | $51,924 |
| Valleystar Credit Union 401(k) Retirement Plan | Valleystar Credit Union | 190 | $16.4M | $86,201 |
| Sba Defined Contribution Plan for Village Bank and Trust Financial Corporation | Village Bank and Trust Financial | 173 | $17.9M | $103,268 |
| Nodal Exchange, LLC 401(k) Plan | Nodal Exchange, LLC | 191 | $25.9M | $135,489 |
| Cary Street Partners Financial LLC 401(k) Plan | Cary Street Partners Financial LLC | 172 | $21.6M | $125,756 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Lender Service Provider, LLC Retirement Savings Plan?
183 participants at the end of the plan year ending 31 Dec 2024, of whom 141 were active employees, with net assets of $6,559,921. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Lender Service Provider, LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $4,605 in compensation to service provider organisations, $25.16 per participant or 0.07% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $34,866. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Lender Service Provider, LLC. Investment advisory or management: Morningstar and Voya Retirement Ins & Annuity. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 30 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 45-3211922, plan 001, received 30 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.