Plan Ledger DOL Form 5500 · updated monthly

Cmg Mortgage, Inc.401(k)

CMG FINANCIAL SERVICES 401(K) PLAN · SAN RAMON, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Cmg Mortgage, Inc. reported $420,856 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,160 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 0.44% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 656th-largest of 9,483 plans among California employers on file, and the 692nd of 4,798 in finance & insurance. In 2024, employees put in $5.01 for every $1.00 the employer contributed; active participation has grown from 1,899 to 3,748 since 2022.

Plan summary
Net assets, end of year$163,519,408
Participants with balances2,595
Active participants3,748
Employer contributions$4,347,528
Employee contributions$21,777,469
Employer contribution per active participant$1,160
Average account balance$63,013
Benefits paid to participants$16,671,038
Plan auditUnmodified (clean) audit opinion
AuditorAUDIT AND TAX SOLUTIONS INC
Plan history3
Yearassets · accounts · employer contribution
2024$163.5M · 2,595 accts · $4.3M emplr
2023$120.3M · 1,627 accts · $3.2M emplr
2022$79.8M · 1,627 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$419,718
Investment management$1,138
Total administrative$420,856
The Cmg Mortgage, Inc. 401(k) match · 2024
Employer contribution per active participant$1,160
Median for plans this size$3,635
2024$1,160 per active participant
2023$1,068 per active participant
2022$1,361 per active participant

Cmg Mortgage, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$68,857
LEAFHOUSE FINANCIAL ADVISORS,LLC · Investment advisory (plan)$34,573
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$31,310

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$420,856 · 0.30%
2023$355,092 · 0.36%
2022$370,466 · 0.44%
Similar plansFinance & Insurance · California
Chime Financial, Inc. CA$156.5M · 0.03%
Woodruff-Sawyer & Co. CA$149.9M · 0.08%
New American Funding, LLC CA$148.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680309242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.