Plan Ledger DOL Form 5500 · updated monthly

McLean Mortgage Corporation401(k)

MCLEAN MORTGAGE CORP. 401(K) PLAN · FAIRFAX, VA · plan year 2022

Reported admin expense ratio · 2022
0.35%

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

McLean Mortgage Corporation reported $76,762 in plan administrative expenses for 2022: 0.35% of average plan assets, above the peer median. Employer contributions averaged $8,529 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 $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,021st-largest of 2,266 plans among Virginia employers on file, and 3,146th of 4,798 in finance & insurance. In 2022, employees put in $3.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,025,465
Participants with balances325
Active participants111
Employer contributions$946,684
Employee contributions$3,187,578
Employer contribution per active participant$8,529
Average account balance$58,540
Benefits paid to participants$5,644,894
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $87K emplr
2022$19.0M · 325 accts · $947K emplr
Administrative expenses, itemized · 2022
Investment management$8,257
Total administrative$76,762
The McLean Mortgage Corporation 401(k) match · 2022
Employer contribution per active participant$8,529
Median for plans this size$2,266

McLean 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.

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 history2
2023Not separately reported
2022$76,762 · 0.35%
Same employer
Similar plansFinance & Insurance · Virginia
Abnb Federal Credit Union VA$20.1M · 0.16%
Navy Mutual Aid Association VA$18.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412259092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.