Homespire Mortgage Corporation401(k)
HOMESPIRE MORTGAGE CORPORATION 401K PROFIT SHARING PLAN AND TRU · GAITHERSBURG, MD · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Homespire Mortgage Corporation reported $93,261 in plan administrative expenses for 2022: 0.81% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,314 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 fell from 0.81% to 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Maryland (943rd of 1,671), and 3,887th of 4,798 in finance & insurance. In 2022, employees put in $2.09 for every $1.00 the employer contributed.
Homespire Mortgage Corporation's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left Homespire Mortgage Corporation 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).
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Source: U.S. Department of Labor, Form 5500 series, EIN 208279218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.