Plan Ledger DOL Form 5500 · updated monthly

Meadowbrook Financial Mortgage Bankers Corp.401(k)

MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 401(K) PLAN · WESTBURY, NY · plan year 2022

Reported admin expense ratio · 2022
0.65%

Meadowbrook Financial Mortgage Bankers Corp. reported $12,576 in plan administrative expenses for 2022: 0.65% of average plan assets, above the peer median. 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 New York (5,149th of 5,648), and 4,664th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$1,910,556
Participants with balances48
Active participants172
Employer contributions—
Employee contributions$424,352
Employer contribution per active participant—
Average account balance$39,803
Benefits paid to participants$111,684
Plan auditUnmodified (clean) audit opinion
AuditorACQUAVELLA, CHIARELLI, SHUSTER, LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,594
Investment management$4,491
Professional / advisory$4,491
Total administrative$12,576
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$12,576 · 0.65%
Similar plansFinance & Insurance · New York
East Coast Capital Corp NY$3.0M · 1.02%
Imprint Payments, Inc. NY$3.0M · 0.02%
Vindex LLC NY$2.4M · 0.54%
Sprout Mortgage LLC NY$2.1M · 1.36%
Nfm Buyer LLC - Union NY$1.6M · 1.15%
Lake Shore Bancorp Inc. NY$1.2M · 8.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371572886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.