Loandepot.com, LLC 401(k) Review & Grade
Loandepot.com, LLC 401(k) Plan
Irvine, CAFinance & Insurance4,650 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,938Employer $ per active participant
$6,300Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$397.5MNet plan assets, end of year
$58,085Average balance per account
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost11.6 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 47th |
| Employee saving | 23th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Loandepot.com put in about $1,938 per active participant, below the typical peer ($4,489). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $9,012,005 |
| Participant (employee) contributions | $29,292,990 |
| Other contributions (incl. rollovers in) | $6,049,175 |
| Administrative expenses paid from the plan | $525,437 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $12,870 |
| Other admin expenses | $85,790 |
| Benefits paid out | $73,815,917 |
| Net assets, start / end of year | $376.6M / $397.5M |
| Active participants, start / end of year | 4,471 / 4,828 |
| Participants with account balances | 6,843 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $164,566 reported compensation |
| Angell Pension Group | $112,910 reported compensation |
| Sageview Advisory Group, LLC | $82,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014191818NAL0001769123001, received 2025-10-14, EIN 26-4599244, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.