Lendtable charges a $10 monthly platform fee to use our suite of automations and issue payouts and uses a profit-share model, which means we charge a flat percentage of the profit customers make by maxing out their 401(k) or Employee Stock Purchase Plan or ESPP. Lendtable does not recoup any market gain you earned while invested in the market, only a fixed percentage of the employer match going into your retirement account or spread on the sale of employer stock.
What is the profit-share for 401(k)+ service
Aside from the subscription fee, Lendtable operates off a profit-share model. This means we earn a flat percentage of the profit we help customers earn. For 401(k)+ service, this profit-share percentage is 20% of the employer match money earned using Lendtable cash.
For more information about how much 401(k)+ service costs, please read our related support article, How much does Lendtable 401(k)+ service cost?
What is the profit-share for ESPP service
For ESPP service, our profit-share percentage is 35% of the employer match money earned using Lendtable cash. This is higher due to the fact that most ESPP cash advances are much higher with lower profit than 401(k)+ service.
For more information about how much ESPP service costs, please read our related support article, How much does Lendtable ESPP service cost?