Plan Ledger DOL Form 5500 · updated monthly

First Centennial Mortgage Corporation401(k)

FIRST CENTENNIAL MORTGAGE 401(K) RETIREMENT PLAN · AURORA, IL · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

First Centennial Mortgage Corporation reported $73,818 in plan administrative expenses for 2022: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,295 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 1 year on file its reported administrative ratio rose from 0.42% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Illinois (1,880th of 3,702), and the 779th of 2,096 in real estate & leasing. In 2022, employees put in $3.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,798,881
Participants with balances274
Active participants260
Employer contributions$596,647
Employee contributions$1,922,964
Employer contribution per active participant$2,295
Average account balance$61,310
Benefits paid to participants$693,009
Plan auditUnmodified (clean) audit opinion
AuditorJMM CPA
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$10.2M · 138 accts · $126K emplr
2022$16.8M · 274 accts · $597K emplr
Administrative expenses, itemized · 2022
Investment management$73,818
Total administrative$73,818
The First Centennial Mortgage Corporation 401(k) match · 2022
Employer contribution per active participant$2,295
Median for plans this size$2,266
2023$6,611 per active participant
2022$2,295 per active participant

First Centennial Mortgage Corporation's 2022 employer contribution ran above the $2,266 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.

Administrative cost history3
2024Not separately reported
2023$85,307 · 0.63%
2022$73,818 · 0.42%
Similar plansReal Estate & Leasing · Illinois
M & J Wilkow IL$17.3M · 0.43%
Article Student Living LLC IL$17.2M · 0.59%
At World Properties, LLC IL$17.1M · 0.07%
Home State Bancorp, Inc. IL$15.9M · 0.21%
Sterling Bay, LLC IL$14.7M · 0.43%
Persevere, LLC IL$14.2M · 0.22%
Marquette Management, Inc. IL$14.1M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364176531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.