Plan Ledger DOL Form 5500 · updated monthly

Highland Mortgage401(k)

HIGHLAND MORTGAGE 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Highland Mortgage reported $18,485 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $836 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.

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 Georgia (1,874th of 2,160), and 4,624th of 4,798 in finance & insurance. In 2024, employees put in $5.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,564,967
Participants with balances158
Active participants181
Employer contributions$151,244
Employee contributions$771,973
Employer contribution per active participant$836
Average account balance$16,234
Benefits paid to participants$307,479
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,485
Total administrative$18,485
The Highland Mortgage 401(k) match · 2024
Employer contribution per active participant$836
Median for plans this size$1,313

Highland Mortgage's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$18,484

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

Administrative cost history1
2024$18,485 · 0.89%
Same employer
Similar plansFinance & Insurance · Georgia
Northeast Georgia Bank GA$3.4M · 0.02%
Ssmg, LLC GA$2.1M · 1.85%
Roadsync, Inc GA$1.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844876397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.