Plan Ledger DOL Form 5500 · updated monthly

Greentree Mortgage Co LP401(k)

GREENTREE MORTGAGE CO LP 401K PROFIT SHARING PLAN · GLASSBORO, NJ · plan year 2023

Reported admin expense ratio · 2023
0.67%

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

Greentree Mortgage Co LP reported $78,842 in plan administrative expenses for 2023: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,480 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 has held roughly steady near 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New Jersey (1,359th of 2,419), and 3,717th of 4,798 in finance & insurance. In 2023, employees put in $4.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,708,861
Participants with balances96
Active participants109
Employer contributions$161,341
Employee contributions$708,988
Employer contribution per active participant$1,480
Average account balance$132,384
Benefits paid to participants$697,744
Plan auditUnmodified (clean) audit opinion
AuditorMARCUM LLP
Plan history2
Yearassets · accounts · employer contribution
2023$12.7M · 96 accts · $161K emplr
2022$10.8M · 113 accts · $206K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$76,747
Total administrative$78,842
The Greentree Mortgage Co LP 401(k) match · 2023
Employer contribution per active participant$1,480
Median for plans this size$2,440
2023$1,480 per active participant
2022$1,665 per active participant

Greentree Mortgage Co LP's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$370

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

Administrative cost history2
2023$78,842 · 0.67%
2022$75,860 · 0.64%
Same employer
Similar plansFinance & Insurance · New Jersey
Magyar Bank NJ$15.7M · 0.44%
Newfield National Bank NJ$15.5M · 0.01%
Fx Direct Dealer LLC NJ$13.4M · 0.00%
The Bank of Princeton NJ$12.8M · 0.06%
Surety Title Company, LLC NJ$11.6M · 0.25%
Swyfft Holdings LLC NJ$11.1M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223188285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.