Plan Ledger DOL Form 5500 · updated monthly

Direct Mortgage Loans, LLC401(k)

DML 401(K) PLAN · HUNT VALLEY, MD · plan year 2024

Reported admin expense ratio · 2024
0.15%

Direct Mortgage Loans, LLC reported $7,320 in plan administrative expenses for 2024: 0.15% of average plan assets, lower than ~75% of peers. 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 0.42% to 0.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Maryland (1,247th of 1,671), and 4,415th of 4,798 in finance & insurance. active participation has grown from 134 to 247 since 2022.

Plan summary
Net assets, end of year$5,534,695
Participants with balances242
Active participants247
Employer contributions—
Employee contributions$973,721
Employer contribution per active participant—
Average account balance$22,871
Benefits paid to participants$496,303
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$5.5M · 242 accts
2023$4.1M · 185 accts
2022$3.2M · 143 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,320
Total administrative$7,320
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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$7,320

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

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025Not separately reported
2024$7,320 · 0.15%
2023$2,960 · 0.08%
2022$13,650 · 0.42%
Same employer
Similar plansFinance & Insurance · Maryland
Health Prime Aln, LLC MD$7.1M · 0.91%
Kdp Investments, LLC MD$7.0M · 0.04%
Corporate Brokers LLC MD$5.9M · 0.61%
Foster Thomas, Inc. MD$5.2M · 0.12%
Immersion Consulting MD$4.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453143795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.