What are the fees in the Sprout Mortgage LLC 401(k) plan?

For plan year 2022, Sprout Mortgage LLC reported $42,386 in plan administrative expenses, or 1.36% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Sprout Mortgage LLC 401(k)?

The average participant account balance was $23,884 for plan year 2022, based on 90 accounts.

Sprout Mortgage LLC401(k)

Name: Sprout Mortgage LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SPROUT 401(K) PLAN · EAST MEADOW, NY · plan year 2022

Reported admin expense ratio · 2022

1.36%

Sprout Mortgage LLC reported $42,386 in plan administrative expenses for 2022: 1.36% 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (5,098th of 5,648), and 4,649th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$2,149,523
Participants with balances90
Active participants0
Employer contributions—
Employee contributions$1,715,211
Employer contribution per active participant—
Average account balance$23,884
Benefits paid to participants$3,774,320
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP

What these fees cost you

Your balance

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 history1

2022$42,386 · 1.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833831116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.