Plan Ledger DOL Form 5500 · updated monthly

My Mortgage Inc401(k)

MY MORTGAGE INC 401(K) PROFIT SHARING PLAN & TRUST · CROFTON, MD · plan year 2022

Reported admin expense ratio · 2022
1.72%

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

My Mortgage Inc reported $20,304 in plan administrative expenses for 2022: 1.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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.

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 Maryland (1,578th of 1,671), and 4,704th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$1,292,914
Participants with balances90
Active participants218
Employer contributions$0
Employee contributions$606,706
Employer contribution per active participant$0
Average account balance$14,366
Benefits paid to participants$149,623
Plan auditUnmodified (clean) audit opinion
AuditorJBS & COMPANY, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$14,648
Investment management$5,656
Total administrative$20,304
The My Mortgage Inc 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

My Mortgage Inc's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$20,304 · 1.72%
Similar plansFinance & Insurance · Maryland
Immersion Consulting MD$4.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831304415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.