Plan Ledger DOL Form 5500 · updated monthly

Point Mortgage Corporation401(k)

POINT MORTGAGE CORPORATION 401(K) PLAN · CHULA VISTA, CA · plan year 2022

Reported admin expense ratio · 2022
1.19%

Point Mortgage Corporation reported $69,539 in plan administrative expenses for 2022: 1.19% of average plan assets, higher than ~90% of peers. 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 1.19% to 1.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in California (6,776th of 9,483), and 1,440th of 2,096 in real estate & leasing.

Plan summary
Net assets, end of year$5,698,257
Participants with balances168
Active participants152
Employer contributions—
Employee contributions$1,218,830
Employer contribution per active participant—
Average account balance$33,918
Benefits paid to participants$1,015,500
Plan auditUnmodified (clean) audit opinion
AuditorCWDL
Plan history2
Yearassets · accounts · employer contribution
2023$5.6M · 123 accts
2022$5.7M · 168 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$69,539
Total administrative$69,539
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$83,137 · 1.47%
2022$69,539 · 1.19%
Similar plansReal Estate & Leasing · California
Laaco, LTD. CA$5.9M · 0.43%
Martis Camp Club CA$5.7M · 0.59%
Manco Abbott, Inc. CA$5.7M · 0.59%
Ardenbrook, Inc. CA$5.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651059543 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.