Plan Ledger DOL Form 5500 · updated monthly

Moria Development dba Peoples Mortgage401(k)

PEOPLES MORTGAGE 401K PLAN · TEMPE, AZ · plan year 2025

Reported admin expense ratio · 2025
0.10%

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

Moria Development dba Peoples Mortgage reported $20,342 in plan administrative expenses for 2025: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $684 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 fell from 0.15% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 336th-largest of 1,285 plans among Arizona employers on file, and 2,863rd of 4,798 in finance & insurance. In 2025, employees put in $8.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,610,577
Participants with balances323
Active participants275
Employer contributions$188,035
Employee contributions$1,519,855
Employer contribution per active participant$684
Average account balance$70,002
Benefits paid to participants$2,271,635
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$22.6M · 323 accts · $188K emplr
2024$18.6M · 372 accts · $160K emplr
2023$16.7M · 278 accts · $143K emplr
2022$16.9M · 391 accts · $292K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$15,842
Audit (IQPA)$4,500
Total administrative$20,342
The Moria Development dba Peoples Mortgage 401(k) match · 2025
Employer contribution per active participant$684
Median for plans this size$2,666
2025$684 per active participant
2024$462 per active participant
2023$585 per active participant
2022$1,000 per active participant

Moria Development dba Peoples Mortgage's 2025 employer contribution ran below the $2,666 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.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,310

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$20,342 · 0.10%
2024$35,989 · 0.20%
2023$41,144 · 0.24%
2022$28,836 · 0.15%
Same employer
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Hughes Federal Credit Union AZ$27.5M · 0.70%
Homeowners Financial Group AZ$26.7M · 0.42%
Credit Union West AZ$22.9M · 0.57%
V.I.P. Mortgage, Inc. AZ$20.8M · 0.75%
Amerifirst Financial, Inc. AZ$15.1M · 0.89%
Crest Insurance Group, LLC AZ$14.7M · 0.64%
United Claim Solutions, LLC AZ$13.5M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860431588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.