401k Record

Employers › OPENLANE

OPENLANE 401(k)

Filed as negative.Schedule H line 2i(3) is reported as -$114,835. The filing is shown as received; the derived figures below treat a negative amount as zero, and a percentile is only shown for positive values.

Total assets, end of year · Openlane, Inc. 401(k) Plan · plan year 2024

$314,690,260

4,559 participants with a balance. This filing reports no recordkeeping fee and no administrative expenses excluding investment management, so there is no headline cost figure.

Source

Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926080559NAL0011560883001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926080559NAL0011560883001, received 2025-09-26

Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-09-26.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses excluding investment management, per participant

$0.00

Fewer than 50 comparable plans report this figure; no percentile.

Source

= $0 / 4,559
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926080559NAL0011560883001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926080559NAL0011560883001, received 2025-09-26

Administrative expenses per participant

$30.77

10th: $27.95median $88.2590th: $203.68

Higher than 11% of the 2,405 plans $250M to 1B that report it.

Source

= $140,259 / 4,559
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926080559NAL0011560883001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926080559NAL0011560883001, received 2025-09-26

Administrative expenses as a share of assets

0.045%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 29% of the 2,407 plans $250M to 1B that report it.

Source

= $140,259 / $314,690,260
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926080559NAL0011560883001, received 2025-09-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926080559NAL0011560883001, received 2025-09-26

Employer contributions per participant

$1,349

10th: $1,169median $3,07390th: $8,346

Higher than 13% of the 2,457 plans $250M to 1B that report it.

Source

= $6,150,934 / 4,559
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926080559NAL0011560883001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926080559NAL0011560883001, received 2025-09-26

Employer share of total contributions

28.1%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 40% of the 2,459 plans $250M to 1B that report it.

Source

= $6,150,934 / $21,898,973
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926080559NAL0011560883001, received 2025-09-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926080559NAL0011560883001, received 2025-09-26

Plan terms, as stated in OPENLANE, Inc.'s SEC filings

Employer match

“The Company matches 100 percent of the amounts contributed by each individual participant up to 4 percent of the participant's compensation.”

Form 10-K filed 2026-02-18, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Vesting

“Participants are 100 percent vested in the Company's contributions.”

Form 10-K filed 2026-02-18, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plan features

2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · 2F ERISA 404(c) plan · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250926080559NAL0011560883001, received 2025-09-26

Full record, Openlane, Inc. 401(k) Plan

FieldValueSource
Plan sponsorOPENLANE, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250926080559NAL0011560883001, received 2025-09-26
Plan nameOPENLANE, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250926080559NAL0011560883001, received 2025-09-26
Sponsor EIN / plan number20-8744739 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250926080559NAL0011560883001, received 2025-09-26
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250926080559NAL0011560883001, received 2025-09-26
Sponsor locationCARMEL, INForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250926080559NAL0011560883001, received 2025-09-26
Industry (business code)423100, Wholesale tradeForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250926080559NAL0011560883001, received 2025-09-26
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250926080559NAL0011560883001, received 2025-09-26
Filing received2025-09-26Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250926080559NAL0011560883001, received 2025-09-26
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250926080559NAL0011560883001, received 2025-09-26
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250926080559NAL0011560883001, received 2025-09-26
Participants, beginning of year4,329Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250926080559NAL0011560883001, received 2025-09-26
Active participants2,049Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250926080559NAL0011560883001, received 2025-09-26
Participants, end of year5,109Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250926080559NAL0011560883001, received 2025-09-26
Participants with an account balance4,559Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926080559NAL0011560883001, received 2025-09-26
Total assets, beginning of year$297,528,767Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250926080559NAL0011560883001, received 2025-09-26
Total assets, end of year$314,690,260Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926080559NAL0011560883001, received 2025-09-26
Net assets, end of year$314,690,260Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250926080559NAL0011560883001, received 2025-09-26
Total income$66,944,717Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250926080559NAL0011560883001, received 2025-09-26
Net income$17,161,525Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250926080559NAL0011560883001, received 2025-09-26
Employer contributions$6,150,934Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926080559NAL0011560883001, received 2025-09-26
Participant contributions$13,115,531Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250926080559NAL0011560883001, received 2025-09-26
Other contributions (incl. rollovers)$2,632,508Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250926080559NAL0011560883001, received 2025-09-26
Total contributions$21,898,973Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926080559NAL0011560883001, received 2025-09-26
Benefit payments$49,631,309Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250926080559NAL0011560883001, received 2025-09-26
Total expenses (incl. benefit payments)$49,783,192Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250926080559NAL0011560883001, received 2025-09-26
Total administrative expenses$140,259Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926080559NAL0011560883001, received 2025-09-26
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250926080559NAL0011560883001, received 2025-09-26
Recordkeeping fees-$114,835 (filed as negative)Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250926080559NAL0011560883001, received 2025-09-26
IQPA audit fees$28,035Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250926080559NAL0011560883001, received 2025-09-26
Investment advisory and management fees$142,717Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250926080559NAL0011560883001, received 2025-09-26
Administrative expenses excluding investment management$0derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926080559NAL0011560883001, received 2025-09-26
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250926080559NAL0011560883001, received 2025-09-26
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250926080559NAL0011560883001, received 2025-09-26
Held in mutual funds$303,064,598Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250926080559NAL0011560883001, received 2025-09-26
Independent auditorFORVIS MAZARSSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250926080559NAL0011560883001, received 2025-09-26

Position = column in the DOL layout for form year 2024. Filing 20250926080559NAL0011560883001, received 2025-09-26.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
STRATEGIC ADVISORS, INC.ADVISOR 27 Investment advisory (plan) $142,717no
CREATIVE PLANNING HOLDCO, LLCINVESTMENT ADVISOR 16 Consulting (general); 26 Investment advisory (participants); 27 Investment advisory (plan) $84,342no
FORVIS LLPACCOUNTANT/AUDITOR 10 Accounting (including auditing) $28,035no
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $-114,835yes

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 20250926080559NAL0011560883001, received 2025-09-26.

What changed since the 2023 plan year

Figure20232024Change
Total assets$297,528,767$314,690,2605.8%
Participants with a balance3,8414,55918.7%
Administrative expenses$178,412$140,259-21.4%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$5,974,069$6,150,9343.0%

Prior filing 20241002083143NAL0004671635001, received 2024-10-02; the plan years are contiguous.

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Sponsor name as filed: OPENLANE, INC.; SEC registrant: OPENLANE, Inc. (CIK 1395942, matched by EIN; display name from the Form 10-K cover).