Plan Ledger DOL Form 5500 · updated monthly

Gold Star Mortgage Financial Group, Corporation401(k)

GOLD STAR MORTGAGE FINANCIAL GROUP 401(K) PLAN · ANN ARBOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.63%

Gold Star Mortgage Financial Group, Corporation reported $83,133 in plan administrative expenses for 2024: 0.63% 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 2 years on file its reported administrative ratio rose from 0.58% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,300th-largest of 2,619 plans among Michigan employers on file, and 3,600th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$13,969,863
Participants with balances449
Active participants419
Employer contributions—
Employee contributions$1,428,296
Employer contribution per active participant—
Average account balance$31,113
Benefits paid to participants$1,877,026
Plan auditUnmodified (clean) audit opinion
AuditorPLANT MORAN
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 449 accts
2023$12.3M · 396 accts · $226K emplr
2022$10.3M · 533 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,687
Investment management$12,723
Total administrative$83,133
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$57,688
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$25,445

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

Administrative cost history3
2024$83,133 · 0.63%
2023$74,366 · 0.66%
2022$67,869 · 0.58%
Same employer
Similar plansFinance & Insurance · Michigan
Conifer Holdings, Inc. MI$15.6M · 0.47%
Tlc Community Credit Union MI$15.5M · 0.24%
J.M. Wilson Corporation MI$15.4M · 0.52%
Thumb Bank and Trust MI$14.1M · 0.00%
Top Flite Financial Inc. MI$13.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383564305 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.