Plan Ledger DOL Form 5500 · updated monthly

Fm Home Loans401(k)

FM HOME LOANS 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.53%

Fm Home Loans reported $24,703 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. 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 0.56% to 0.53%. 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 New York (4,511th of 5,648), and 4,460th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$4,807,693
Participants with balances143
Active participants156
Employer contributions—
Employee contributions$506,915
Employer contribution per active participant—
Average account balance$33,620
Benefits paid to participants$820,872
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$4.8M · 143 accts
2023$4.5M · 148 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,470
Investment management$23,233
Total administrative$24,703
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 · 20242
LION STREET FINANCIAL, LLC · Recordkeeping · Trustee$23,233
ADP, INC. · Loan processing · Recordkeeping$1,470

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

Recordkeeper by year2
2024ADP, LION STREET FINANCIAL, LLC
2023ADP, LION STREET FINANCIAL, LLC

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Administrative cost history2
2024$24,703 · 0.53%
2023$23,630 · 0.56%
Similar plansFinance & Insurance · New York
New York Rhb LLC NY$5.2M · 0.09%
Teamshares Inc. NY$5.2M · 0.96%
Dfo Management, LLC NY$4.9M · 0.00%
Smartwork, Inc. NY$4.7M · 0.01%
Quadro Partners Inc. NY$4.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020594137 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.