Plan Ledger DOL Form 5500 · updated monthly

Goprime Mortgage, Inc.401(k)

GOPRIME MORTGAGE, INC. 401(K) PLAN · APEX, NC · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Goprime Mortgage, Inc. reported $75,939 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $2 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 rose from 0.75% to 0.79%. 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 North Carolina (1,123rd of 2,005), and 4,007th of 4,798 in finance & insurance. In 2024, employees put in $2716.38 for every $1.00 the employer contributed; active participation has shrunk from 84 to 74 since 2023.

Plan summary
Net assets, end of year$9,780,155
Participants with balances106
Active participants74
Employer contributions$182
Employee contributions$494,382
Employer contribution per active participant$2
Average account balance$92,266
Benefits paid to participants$1,543,583
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2025$9.5M · 99 accts
2024$9.8M · 106 accts · $182 emplr
2023$9.5M · 123 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,939
Total administrative$75,939
The Goprime Mortgage, Inc. 401(k) match · 2024
Employer contribution per active participant$2
Median for plans this size$1,313

Goprime Mortgage, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20245
WEALTHSHIELD PARTNERS LLC · Investment advisory (plan)$47,888
EMPOWER ADVISORY GROUP, LLC · Investment management$7,787
BLUE RIDGE ESOP ASSOCIATES · Contract administrator$2,465
NOVA 401(K) ASSOCIATES · Contract administrator$75

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

Administrative cost history3
2025$76,799 · 0.79%
2024$75,939 · 0.79%
2023$68,719 · 0.75%
Similar plansFinance & Insurance · North Carolina
Members Credit Union NC$12.8M · 0.04%
Champion Credit Union NC$9.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202409656 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.