Plan Ledger DOL Form 5500 · updated monthly

Mortgage Research Center LLC401(k)

VETERANS UNITED HOME LOANS 401(K) PLAN · COLUMBIA, MO · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Mortgage Research Center LLC reported $649,798 in plan administrative expenses for 2024: 0.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,699 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 7 years on file its reported administrative ratio fell from 0.33% to 0.15%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 63rd-largest of 1,393 plans among Missouri employers on file, and the 317th of 4,798 in finance & insurance. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 2,447 to 4,232 since 2017.

Plan summary
Net assets, end of year$484,467,443
Participants with balances5,293
Active participants4,232
Employer contributions$19,884,412
Employee contributions$32,306,960
Employer contribution per active participant$4,699
Average account balance$91,530
Benefits paid to participants$28,337,719
Plan auditUnmodified (clean) audit opinion
Plan history6
Yearassets · accounts · employer contribution
2024$484.5M · 5,293 accts · $19.9M emplr
2023$396.9M · 5,370 accts · $8.3M emplr
2022$315.2M · 5,734 accts · $8.4M emplr
2019$152.0M · 3,377 accts · $14.9M emplr
2018$98.3M · 2,744 accts · $11.8M emplr
2017$83.8M · 2,920 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$465,639
Investment management$98,000
Audit (IQPA)$21,000
Trustee / custodial$64,959
Total administrative$649,798
The Mortgage Research Center LLC 401(k) match · 2024
Employer contribution per active participant$4,699
Median for plans this size$4,294
2024$4,699 per active participant
2023$1,950 per active participant
2022$1,697 per active participant
2019$4,808 per active participant
2018$4,991 per active participant

Mortgage Research Center LLC's 2024 employer contribution ran above the $4,294 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
MILLIMAN, INC. · Recordkeeping · Loan processing$465,639
UBS FUNANCIAL · Investment advisory (plan)$98,000
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$64,959
FORVIS MAZARS, LLP · Accounting / audit$21,000
CHARLES SCHWAB & CO., INC. · Custodial (securities)$1,099

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

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history6
2024$649,798 · 0.15%
2023$625,722 · 0.18%
2022$659,311 · 0.20%
2019$430,047 · 0.34%
2018$369,194 · 0.41%
2017$233,132 · 0.33%
Same employer
Similar plansFinance & Insurance · Missouri
Umb Financial Corporation MO$717.6M · 0.02%
Rga Reinsurance Company MO$669.8M · 0.02%
Stonex Group Inc. MO$309.2M · 0.06%
Americo Services, Inc. MO$262.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431965151 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.