Plan Ledger DOL Form 5500 · updated monthly

Plaza Home Mortgage, Inc.401(k)

PLAZA HOME MORTGAGE, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Plaza Home Mortgage, Inc. reported $95,768 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,027 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 0.51% to 0.23%. 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 1,961st-largest of 9,483 plans among California employers on file, and the 1,832nd of 4,798 in finance & insurance. In 2024, employees put in $5.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,069,282
Participants with balances461
Active participants436
Employer contributions$447,863
Employee contributions$2,433,441
Employer contribution per active participant$1,027
Average account balance$95,595
Benefits paid to participants$4,412,412
Plan auditUnmodified (clean) audit opinion
AuditorCWDL
Plan history3
Yearassets · accounts · employer contribution
2024$44.1M · 461 accts · $448K emplr
2023$39.4M · 443 accts · $170K emplr
2022$35.4M · 521 accts · $747K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,623
Investment management$91,145
Total administrative$95,768
The Plaza Home Mortgage, Inc. 401(k) match · 2024
Employer contribution per active participant$1,027
Median for plans this size$2,416
2024$1,027 per active participant
2023$422 per active participant
2022$1,745 per active participant

Plaza Home Mortgage, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MORGAN STANLEY · Investment advisory (plan)$91,145

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$95,768 · 0.23%
2023$138,187 · 0.37%
2022$204,158 · 0.51%
Same employer
Similar plansFinance & Insurance · California
Imperial Capital, LLC CA$44.8M · 0.27%
Valley Strong Credit Union CA$44.7M · 0.04%
Geovera Holdings, Inc. CA$44.7M · 0.05%
San Mateo Credit Union CA$43.6M · 0.11%
Paamco Prisma, LLC CA$43.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330941669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.