Mfa Benefits LLC401(k)
MFA 401(K) PLAN · LAKEWOOD, NJ · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Mfa Benefits LLC reported $392,540 in plan administrative expenses for 2024: 0.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $80 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 375th-largest of 2,419 plans among New Jersey employers on file, and the 1,098th of 11,911 in health care & social assistance. In 2024, employees put in $7.39 for every $1.00 the employer contributed; active participation has grown from 4,445 to 13,826 since 2022.
Mfa Benefits LLC's 2024 employer contribution ran below the $3,635 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 541278483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.