Plan Ledger DOL Form 5500 · updated monthly

Standard Mortgage Corporation401(k)

STANDARD MORTGAGE CORPORATION PROFIT SHARING 401K PLAN · SLIDELL, LA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Standard Mortgage Corporation reported $21,280 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $657 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 0.14% to 0.13%. 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 299th-largest of 884 plans among Louisiana employers on file, and 3,299th of 4,798 in finance & insurance. In 2024, employees put in $8.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,012,614
Participants with balances129
Active participants112
Employer contributions$73,584
Employee contributions$592,512
Employer contribution per active participant$657
Average account balance$131,881
Benefits paid to participants$1,476,284
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 129 accts · $74K emplr
2023$16.0M · 131 accts · $81K emplr
2022$15.3M · 138 accts · $387K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,270
Investment management$10
Total administrative$21,280
The Standard Mortgage Corporation 401(k) match · 2024
Employer contribution per active participant$657
Median for plans this size$2,416
2024$657 per active participant
2023$737 per active participant
2022$3,226 per active participant

Standard Mortgage Corporation'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
ADVISED ASSETS GROUP, LLC · Investment management$10

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$21,280 · 0.13%
2023$34,858 · 0.22%
2022$22,907 · 0.14%
Same employer
Similar plansFinance & Insurance · Louisiana
Gulf Coast Bank LA$20.2M · 0.03%
South Louisiana Bank, Inc LA$19.7M · 0.10%
Jd Bank 401K Plan LA$16.6M · 0.47%
First Guaranty Bank, Inc. LA$16.2M · 0.17%
Cse Federal Credit Union LA$14.2M · 0.36%
Bom Bank LA$13.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720593959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.