Plan5500

Lendbuzz, Inc. 401(K) Plan — Form 5500 plan (Lendbuzz, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Lendbuzz, Inc. 401(K) Plan is a benefit plan reported by Lendbuzz, Inc. under EIN 47-5047556 and plan number 001. The latest loaded filing year is 2023. The filing reports 217 participants and $4,582,298 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Lendbuzz, Inc.
EIN
47-5047556
Plan number
001
Plan type
2
Location
Boston, MA
Latest filing year
2023
Participants
217
End-of-year plan assets
$4,582,298

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023217H, C20241008084858NAL0009485075001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$4,582,298
Total liabilities (EOY)
$0
Net assets (EOY)
$4,582,298
Net assets (BOY)
$2,495,957

Income & contributions

Employer contributions
$630,987
Participant contributions
$963,033
Total contributions
$1,719,858
Total income / additions
$2,372,553

Expenses & distributions

Benefits paid
$276,293
Administrative expenses
$9,919
Total expenses
$286,212
Net increase / (decrease)
$2,086,341

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Employee FiduciaryRECORDKEEPER$9,919not reported in the loaded dataset2023

Related Form 5500 pages