Plan Ledger DOL Form 5500 · updated monthly

Premier Processing LLC401(k)

UMORTGAGE LLC 401(K) PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
2.12%

Premier Processing LLC reported $47,799 in plan administrative expenses for 2024: 2.12% 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 fell from 2.72% to 2.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Pennsylvania (3,236th of 3,651), and 4,616th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$2,630,587
Participants with balances211
Active participants368
Employer contributions—
Employee contributions$914,255
Employer contribution per active participant—
Average account balance$12,467
Benefits paid to participants$706,358
Plan auditUnmodified (clean) audit opinion
AuditorCATHEDRAL
Plan history2
Yearassets · accounts · employer contribution
2024$2.6M · 211 accts
2023$1.9M · 271 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,799
Total administrative$47,799
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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,799
NORTHWESTERN MUTUAL INVESTMENT SERV · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2024$47,799 · 2.12%
2023$35,818 · 2.72%
Same employer
Similar plansFinance & Insurance · Pennsylvania
New Rez, LLC PA$5.4M · 0.04%
Ideal Concepts, Inc. PA$4.9M · 0.94%
Mainline Equity Partners PA$3.0M · 0.49%
Amres Corporation PA$2.1M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811231555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.