Plan Ledger DOL Form 5500 · updated monthly

First Alliance Home Mortgage LLC401(k)

FIRST ALLIANCE HOME MORTGAGE 401(K) PROFIT SHARING PLAN · CRANFORD, NJ · plan year 2023

Reported admin expense ratio · 2023
1.10%

First Alliance Home Mortgage LLC reported $18,702 in plan administrative expenses for 2023: 1.10% of average plan assets, higher 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 1 year on file its reported administrative ratio fell from 1.30% to 1.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New Jersey (2,163rd of 2,419), and 4,671st of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$1,802,722
Participants with balances98
Active participants108
Employer contributions—
Employee contributions$253,246
Employer contribution per active participant—
Average account balance$18,395
Benefits paid to participants$208,915
Plan auditUnmodified (clean) audit opinion
AuditorACQUAVELLA, CHIARELLI, SHUSTER, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$1.8M · 98 accts
2022$1.6M · 123 accts · $851 emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,988
Investment management$7,714
Total administrative$18,702
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$10,988
STEWARD PARTNERS HOLDINGS LLC · Recordkeeping · Trustee$7,714
ADP BROKER-DEALER · Other servicesindirect comp

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

Administrative cost history2
2023$18,702 · 1.10%
2022$20,166 · 1.30%
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Source: U.S. Department of Labor, Form 5500 series, EIN 201792214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.