Plan Ledger DOL Form 5500 · updated monthly

First Continental Mortgage, LTD.401(k)

FIRST CONTINENTAL MORTGAGE, LTD. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

First Continental Mortgage, LTD. reported $80,126 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,901 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 0.51% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 2,171st-largest of 5,688 plans among Texas employers on file, and the 738th of 2,096 in real estate & leasing. In 2024, employees put in $3.08 for every $1.00 the employer contributed; active participation has grown from 162 to 194 since 2022.

Plan summary
Net assets, end of year$17,957,687
Participants with balances194
Active participants194
Employer contributions$562,782
Employee contributions$1,732,223
Employer contribution per active participant$2,901
Average account balance$92,565
Benefits paid to participants$2,511,588
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 194 accts · $563K emplr
2023$15.4M · 184 accts · $449K emplr
2022$12.3M · 177 accts · $406K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,126
Total administrative$80,126
The First Continental Mortgage, LTD. 401(k) match · 2024
Employer contribution per active participant$2,901
Median for plans this size$2,416
2024$2,901 per active participant
2023$2,707 per active participant
2022$2,504 per active participant

First Continental Mortgage, LTD.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping · Investment management$1,456

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

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$80,126 · 0.48%
2023$71,136 · 0.51%
2022$67,257 · 0.51%
Same employer
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Zt Employment Services, LLC TX$18.7M · 0.25%
Foundation Communities TX$16.8M · 0.57%
Numed, Inc. TX$16.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760629353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.