Plan Ledger DOL Form 5500 · updated monthly

Home Mortgage Alliance Corporation (Hmac)401(k)

HOME MORTGAGE ALLIANCE CORPORATION (HMAC) 401K PLAN · SANTA ANA, CA · plan year 2022

Reported admin expense ratio · 2022
0.87%

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

Home Mortgage Alliance Corporation (Hmac) reported $3,308 in plan administrative expenses for 2022: 0.87% of average plan assets, below the peer median. Employer contributions averaged $0 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in California (9,138th of 9,483), and 4,756th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$398,655
Participants with balances37
Active participants123
Employer contributions$0
Employee contributions$145,344
Employer contribution per active participant$0
Average account balance$10,774
Benefits paid to participants$20,726
Plan auditUnmodified (clean) audit opinion
AuditorWEWORSKI & ASSOCIATES
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,308
Total administrative$3,308
The Home Mortgage Alliance Corporation (Hmac) 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$331

Home Mortgage Alliance Corporation (Hmac)'s 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,308 · 0.87%
Similar plansFinance & Insurance · California
Surecompanies Inc. CA$1.1M · 1.61%
Tmc Group, LLC CA$879K · 0.01%
Greenbox Loans CA$557K · 2.04%
Hcf Insurance Agency CA$386K · 0.75%
Rabobank, N.A. CA$187K · 0.06%
AG Business Group, Inc. CA$45K · 3.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 463331326 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.