Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Longbridge Financial
Longbridge Financial 401(k)
- Professional, scientific, and technical services
- Paramus, NJ
- EIN 46-0530020
- 1 plan with Schedule H financials
- Plan year 2024
- Longbridge Financial, LLC
- filed as Longbridge Financial LLC
Administrative expenses excluding investment management, per participant · Longbridge Financial LLC 401(k) Profit Sharing Plan · plan year 2024
$189.20
Higher than 71% of the 24,371 plans $10 to 50M that report it.
Source
= $83,247 / 440
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250624071249NAL0016184722001, received 2025-06-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624071249NAL0016184722001, received 2025-06-24
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-24.
Cost and contributions
Administrative expenses per participant
$262.68
Higher than 65% of the 25,098 plans $10 to 50M that report it.
Source
= $115,578 / 440
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250624071249NAL0016184722001, received 2025-06-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624071249NAL0016184722001, received 2025-06-24
Administrative expenses as a share of assets
0.531%
Higher than 85% of the 25,132 plans $10 to 50M that report it.
Source
= $115,578 / $21,776,837
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250624071249NAL0016184722001, received 2025-06-24
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250624071249NAL0016184722001, received 2025-06-24
Employer contributions per participant
$3,502
Higher than 80% of the 24,050 plans $10 to 50M that report it.
Source
= $1,541,086 / 440
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250624071249NAL0016184722001, received 2025-06-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624071249NAL0016184722001, received 2025-06-24
Employer share of total contributions
30.5%
Higher than 60% of the 24,084 plans $10 to 50M that report it.
Source
= $1,541,086 / $5,048,511
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250624071249NAL0016184722001, received 2025-06-24
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250624071249NAL0016184722001, received 2025-06-24
Plan terms, as stated in Longbridge Financial, LLC's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250624071249NAL0016184722001, received 2025-06-24
Full record, Longbridge Financial LLC 401(k) Profit Sharing Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LONGBRIDGE FINANCIAL LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Plan name | LONGBRIDGE FINANCIAL LLC 401(K) PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Sponsor EIN / plan number | 46-0530020 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Sponsor location | PARAMUS, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Industry (business code) | 541990, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Filing received | 2025-06-24 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Participants, beginning of year | 498 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Active participants | 411 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Participants, end of year | 457 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Participants with an account balance | 440 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Total assets, beginning of year | $16,145,267 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Total assets, end of year | $21,776,837 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Net assets, end of year | $21,776,837 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Total income | $7,753,894 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Net income | $5,631,570 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Employer contributions | $1,541,086 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Participant contributions | $2,913,279 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Other contributions (incl. rollovers) | $594,146 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Total contributions | $5,048,511 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Benefit payments | $1,966,970 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Total expenses (incl. benefit payments) | $2,122,324 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Total administrative expenses | $115,578 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Contract administrator fees | $83,247 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Investment advisory and management fees | $32,331 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Administrative expenses excluding investment management | $83,247 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Held in mutual funds | $20,842,229 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250624071249NAL0016184722001, received 2025-06-24 |
| Independent auditor | RICHEY MAY & CO., LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250624071249NAL0016184722001, received 2025-06-24 |
Position = column in the DOL layout for form year 2024. Filing 20250624071249NAL0016184722001, received 2025-06-24.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $83,247 | yes |
| PRIVATE ADVISOR GROUP LLC | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $32,322 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250624071249NAL0016184722001, received 2025-06-24.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $16,145,267 | $21,776,837 | 34.9% |
| Participants with a balance | 437 | 440 | 0.7% |
| Administrative expenses | $86,394 | $115,578 | 33.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,189,637 | $1,541,086 | 29.5% |
Prior filing 20240627121137NAL0006241107001, received 2024-06-27; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: LONGBRIDGE FINANCIAL LLC; SEC registrant: Longbridge Financial, LLC (CIK 1555321, matched by EIN).