Plan Ledger DOL Form 5500 · updated monthly

Chicago Mortgage Solutions LLC D/B/A Interfirst Mortgage Company401(k)

CHICAGO MORTGAGE SOLUTIONS LLC D/B/A INTERFIRST MORTGAGE COMPANY 401(K) PLAN · ROSEMONT, IL · plan year 2022

Reported admin expense ratio · 2022
1.65%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Chicago Mortgage Solutions LLC D/B/A Interfirst Mortgage Company reported $56,407 in plan administrative expenses for 2022: 1.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,023 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.65% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Illinois (3,210th of 3,702), and 4,583rd of 4,798 in finance & insurance. In 2022, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,136,459
Participants with balances212
Active participants169
Employer contributions$679,953
Employee contributions$1,266,537
Employer contribution per active participant$4,023
Average account balance$14,795
Benefits paid to participants$1,907,520
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 82 accts · $9K emplr
2023$3.0M · 140 accts · $73K emplr
2022$3.1M · 212 accts · $680K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$56,407
Total administrative$56,407
The Chicago Mortgage Solutions LLC D/B/A Interfirst Mortgage Company 401(k) match · 2022
Employer contribution per active participant$4,023
Median for plans this size$1,114
2024$482 per active participant
2023$1,551 per active participant
2022$4,023 per active participant

Chicago Mortgage Solutions LLC D/B/A Interfirst Mortgage Company's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$27,094 · 1.01%
2023$32,500 · 1.07%
2022$56,407 · 1.65%
Similar plansFinance & Insurance · Illinois
Hfri, LLC IL$4.4M · 0.03%
Brad McMillin, Inc. IL$1.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364485107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.