Plan Ledger DOL Form 5500 · updated monthly

Republic State Mortgage Co401(k)

REPUBLIC STATE MORTGAGE 401(K) PROFIT SHARING PLAN & TRUST · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.49%

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

Republic State Mortgage Co reported $42,643 in plan administrative expenses for 2023: 0.49% of average plan assets, below the peer median. Employer contributions averaged $385 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 1 year on file its reported administrative ratio rose from 0.47% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Texas (3,254th of 5,688), and 4,105th of 4,798 in finance & insurance. In 2023, employees put in $16.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,756,300
Participants with balances93
Active participants95
Employer contributions$36,579
Employee contributions$600,479
Employer contribution per active participant$385
Average account balance$94,154
Benefits paid to participants$1,734,350
Plan auditUnmodified (clean) audit opinion
AuditorCWDL CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$8.8M · 93 accts · $37K emplr
2022$8.5M · 110 accts · $101K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,400
Investment management$35,243
Total administrative$42,643
The Republic State Mortgage Co 401(k) match · 2023
Employer contribution per active participant$385
Median for plans this size$1,308
2023$385 per active participant
2022$692 per active participant

Republic State Mortgage Co's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
INSCRIPTION CAPITAL · Investment advisory (plan)$31,473
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,400

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

Administrative cost history2
2023$42,643 · 0.49%
2022$43,486 · 0.47%
Similar plansFinance & Insurance · Texas
Bc&L, Inc. TX$9.2M · 0.20%
Crowdstreet, Inc. TX$9.2M · 0.46%
Cis Group, LLC TX$8.8M · 0.81%
Texas Bank TX$8.7M · 0.18%
Wellington State Bank TX$8.3M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760454346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.