401(k) · DOL Form 5500 · 2024

Live Oak Banking Company 401(k) Plan

Data updated 2026-08-11

$130M
Total assets
954
Participants
92nd
Percentile by assets
$136,216
Avg per participant
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Official DOL plan name: Live Oak Banking Company 401(k) Plan · Sponsored by Live Oak Banking Company · North Carolina · Finance & Insurance

$130M in assets, 954 participants

Live Oak Banking Company's Live Oak Banking Company 401(k) Plan reported $130M in total assets and 954 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 92nd percentile by assets (of 123,622 plans)
  • #7,500 in Finance & Insurance (8,549 peers)

Where Live Oak Banking Company 401(k) Plan sits by assets

Live Oak Banking Company 401(k) Plan sits in the top 10% of all filed plans by assets, $130M for 954 participants (~$136,216/participant), up 25.0% in 2024.

$130M
total plan assets (2024 EOY)
954
covered participants
92nd
percentile by assets (of 123,622 plans)
$136,216
avg assets per participant

Where Live Oak Banking Company 401(k) Plan sits by total assets

Live Oak Banking Company 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$129,950,415 Top 8% higher than 92% of 123,620 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Live Oak Banking Company 401(k) Plan end-of-year assets rose from $104M in the plan year 2023 filing to $130M in the plan year 2024 filing.
  • Live Oak Banking Company 401(k) Plan reported net income fell from $30M in the plan year 2023 filing to $26M in the plan year 2024 filing.
  • Live Oak Banking Company 401(k) Plan reported participants fell from 968 in the plan year 2023 filing to 954 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
North Carolina
Industry
Finance & Insurance

Live Oak Banking Company 401(k) Plan vs the 2024 asset distribution

By assets, Live Oak Banking Company 401(k) Plan outranks 92% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$104M
Net Assets (End of Year)$130M
Net Income$26M
Employer EIN800182298
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Live Oak Banking Company)

$60M$80M$100M$120M$140M 202220232024 $74M $130M ▲ +75.6%
Total plan assets by year, all Live Oak Banking Company plans on file
Year Plans Participants Total Assets
2022 1 789 $74M
2023 1 968 $104M
2024 1 954 $130M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Live Oak Banking Company 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Live Oak Banking Com…, Total assets ($B): 0.129950415 · Participants: 954Live Oak Banking Com…The Bank of America …, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America …Honeywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retireme…, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retireme…Nucor Corporation Pr…, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Pr…Truist Financial Cor…, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Cor…
Live Oak Banking Company 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Live Oak Banking Company 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Live Oak Banking Company 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Live Oak Banking Company 401(k) Plan assets move in 2024? ▼
Live Oak Banking Company 401(k) Plan grew sharply - up 25.0% during 2024, from $104M to $130M. Reported net income was $26M.
How have Live Oak Banking Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Live Oak Banking Company's sponsor-wide assets grew 75.6%, from $74M to $130M.
Where does Live Oak Banking Company 401(k) Plan rank by assets among Form 5500 filers? ▼
Live Oak Banking Company 401(k) Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Live Oak Banking Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Shannon & Wilson, Inc. Ps Retirement & 401(k) Plan and Trust in WA ($130M, 358 participants).

Next read for Live Oak Banking Company 401(k) Plan

Scale reading

Ways to act on Live Oak Banking Company 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 800182298.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.