Plan Ledger DOL Form 5500 · updated monthly

Equity Prime Mortgage, LLC401(k)

EQUITY PRIME MORTGAGE, LLC 401(K) PROFIT SHARING PLAN & TRUST · ATLANTA, GA · plan year 2022

Reported admin expense ratio · 2022
1.05%

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

Equity Prime Mortgage, LLC reported $57,743 in plan administrative expenses for 2022: 1.05% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,616 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 1.05% to 0.98%. 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 Georgia (1,513th of 2,160), and 4,346th of 4,798 in finance & insurance. In 2022, employees put in $2.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,313,869
Participants with balances208
Active participants316
Employer contributions$510,707
Employee contributions$1,419,826
Employer contribution per active participant$1,616
Average account balance$30,355
Benefits paid to participants$460,050
Plan auditUnmodified (clean) audit opinion
AuditorKELLEY,SAMMONS,TOOLE & ELLISON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 98 accts
2023$5.8M · 121 accts
2022$6.3M · 208 accts · $511K emplr
Administrative expenses, itemized · 2022
Professional / advisory$57,743
Total administrative$57,743
The Equity Prime Mortgage, LLC 401(k) match · 2022
Employer contribution per active participant$1,616
Median for plans this size$1,114

Equity Prime Mortgage, LLC's 2022 employer contribution ran above the $1,114 median for plans its size. 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.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$55,790 · 0.98%
2023$77,961 · 1.29%
2022$57,743 · 1.05%
Same employer
Similar plansFinance & Insurance · Georgia
Northeast Georgia Bank GA$3.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262053389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.