Plan Ledger DOL Form 5500 · updated monthly

Mortgage Assets Management, LLC401(k)

MORTGAGE ASSETS MANAGEMENT, LLC 401(K) PLAN · AUSTIN, TX · plan year 2022

Reported admin expense ratio · 2022
0.43%

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

Mortgage Assets Management, LLC reported $32,022 in plan administrative expenses for 2022: 0.43% of average plan assets, below the peer median. Employer contributions averaged $30,387 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 1 year on file its reported administrative ratio rose from 0.43% to 0.58%. 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 Texas (3,702nd of 5,688), and 4,324th of 4,798 in finance & insurance. In 2022, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,529,768
Participants with balances297
Active participants7
Employer contributions$212,707
Employee contributions$484,129
Employer contribution per active participant$30,387
Average account balance$21,986
Benefits paid to participants$1,545,938
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.5M · 428 accts · $29K emplr
2022$6.5M · 297 accts · $213K emplr
Administrative expenses, itemized · 2022
Investment management$24,000
Total administrative$32,022
The Mortgage Assets Management, LLC 401(k) match · 2022
Employer contribution per active participant$30,387
Median for plans this size$1,114
2023$4,885 per active participant
2022$30,387 per active participant

Mortgage Assets Management, LLC's 2022 employer contribution ran above the $1,114 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
2023$31,917 · 0.58%
2022$32,022 · 0.43%
Similar plansFinance & Insurance · Texas
Herring Bank TX$6.8M · 1.30%
Brsi, LP TX$6.8M · 0.73%
Futu Clearing Inc. TX$6.4M · 1.52%
Healthcare Highways, LLC TX$6.4M · 0.85%
Salient Partners, L.P. TX$6.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 301005971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.