What are the fees in the Liberty Home Mortgage Corporatio 401(k) plan?

For plan year 2022, Liberty Home Mortgage Corporatio reported $41,580 in plan administrative expenses, or 2.16% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Liberty Home Mortgage Corporatio 401(k)?

The average participant account balance was $20,506 for plan year 2022, based on 86 accounts.

Liberty Home Mortgage Corporatio401(k)

Name: Liberty Home Mortgage Corporatio 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LIBERTY HOME MORTGAGE CORPORATION 401(K) PLAN · INDEPENDENCE, OH · plan year 2022

Reported admin expense ratio · 2022

2.16%

Liberty Home Mortgage Corporatio reported $41,580 in plan administrative expenses for 2022: 2.16% of average plan assets, higher than ~90% of peers. 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 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Ohio (3,050th of 3,295), and 4,675th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$1,763,494
Participants with balances86
Active participants138
Employer contributions—
Employee contributions$386,722
Employer contribution per active participant—
Average account balance$20,506
Benefits paid to participants$334,314
Plan auditUnmodified (clean) audit opinion
AuditorHOBE AND LUCAS CPA S

What these fees cost you

Your balance

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$41,580 · 2.16%

Similar plansFinance & Insurance · Ohio
Rapid Mortgage Company OH$3.4M · 1.07%
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Great Lakes Auto Network,Inc. OH$2.8M · 0.53%
River City Mortgage, LLC OH$2.0M · 0.94%
Grasshopper Investments OH$977K · 1.91%
Intellihartx, LLC OH$367K · 3.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463525878 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.