Plan Ledger DOL Form 5500 · updated monthly

Nations Direct Mortgage, LLC401(k)

NATIONS DIRECT MORTGAGE 401(K) PROFIT SHARING PLAN & TRUST · HENDERSON, NV · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Nations Direct Mortgage, LLC reported $32,147 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,838 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 2 years on file its reported administrative ratio fell from 0.39% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 182nd-largest of 437 plans among Nevada employers on file, and 3,830th of 4,798 in finance & insurance. In 2024, employees put in $3.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,594,475
Participants with balances195
Active participants181
Employer contributions$332,625
Employee contributions$1,092,274
Employer contribution per active participant$1,838
Average account balance$59,459
Benefits paid to participants$811,080
Plan auditUnmodified (clean) audit opinion
AuditorLSL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 195 accts · $333K emplr
2023$9.5M · 176 accts · $205K emplr
2022$7.9M · 206 accts · $288K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,021
Investment management$3,306
Audit (IQPA)$15,820
Total administrative$32,147
The Nations Direct Mortgage, LLC 401(k) match · 2024
Employer contribution per active participant$1,838
Median for plans this size$2,416
2024$1,838 per active participant
2023$1,304 per active participant
2022$1,629 per active participant

Nations Direct Mortgage, LLC's 2024 employer contribution ran below the $2,416 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 · 20242
LANCE, SOLL & LUNGHARD, LLP · Accounting / audit$15,820
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,021

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

Administrative cost history3
2024$32,147 · 0.31%
2023$28,117 · 0.32%
2022$32,547 · 0.39%
Same employer
Similar plansFinance & Insurance · Nevada
Greater Nevada Credit Union NV$19.4M · 0.08%
Clark County Credit Union NV$18.6M · 0.37%
Pavilion Payments NV$12.0M · 0.55%
All Western Mortgage NV$9.1M · 0.82%
College Loan Corp NV$7.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208544905 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.