Plan Ledger DOL Form 5500 · updated monthly

Golden Empire Mortgage, Inc.401(k)

GEM 401(K) PLAN · BAKERSFIELD, CA · plan year 2024

Reported admin expense ratio · 2024
0.45%

Golden Empire Mortgage, Inc. reported $95,414 in plan administrative expenses for 2024: 0.45% of average plan assets, above 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 2 years on file its reported administrative ratio fell from 0.50% to 0.45%. 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 3,489th-largest of 9,483 plans among California employers on file, and 2,957th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$21,187,841
Participants with balances348
Active participants413
Employer contributions—
Employee contributions$1,727,275
Employer contribution per active participant—
Average account balance$60,885
Benefits paid to participants$2,579,214
Plan auditUnmodified (clean) audit opinion
AuditorBARBICH HOOPER KING DILL & HOFFM
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 348 accts
2023$19.6M · 320 accts
2022$18.0M · 374 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,237
Investment management$68,832
Total administrative$95,414
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
HPM PARTNERS, LLC · Recordkeeping · Pension consulting$68,832
ADP, INC. · Loan processing · Recordkeeping$26,582

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, HPM PARTNERS, LLC
2023DIGITAL RETIREMENT SOLUTIONS, INC., July Business Services

This plan has changed recordkeepers within these filings. If you left Golden Empire Mortgage, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$95,414 · 0.45%
2023$110,019 · 0.59%
2022$98,245 · 0.50%
Same employer
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Patra Corporation CA$21.5M · 0.84%
Kiva Microfunds CA$21.2M · 0.02%
Silvergate Bank CA$21.1M · 0.12%
Bolton and Company CA$20.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770158990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.