Plan Ledger DOL Form 5500 · updated monthly

Total Mortgage Services, L.L.C401(k)

TOTAL MORTGAGE SERVICES, LLC 401(K) PROFIT SHARING PLAN · MILFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Total Mortgage Services, L.L.C reported $60,240 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $226 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 0.72% to 0.42%. 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 among the smaller plans on file in Connecticut (611th of 1,106), and 3,401st of 4,798 in finance & insurance. In 2024, employees put in $19.97 for every $1.00 the employer contributed; active participation has grown from 375 to 426 since 2022.

Plan summary
Net assets, end of year$16,022,533
Participants with balances316
Active participants426
Employer contributions$96,068
Employee contributions$1,918,744
Employer contribution per active participant$226
Average account balance$50,704
Benefits paid to participants$1,507,253
Plan auditUnmodified (clean) audit opinion
AuditorCATHEDRAL CPAS AND ADVISORS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 316 accts · $96K emplr
2023$12.9M · 251 accts · $211K emplr
2022$10.3M · 189 accts · $285K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,121
Investment management$35,464
Total administrative$60,240
The Total Mortgage Services, L.L.C 401(k) match · 2024
Employer contribution per active participant$226
Median for plans this size$2,416
2024$226 per active participant
2023$531 per active participant
2022$759 per active participant

Total Mortgage Services, L.L.C'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 · 20244
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$32,666
FIDELITY INVESTMENT INSTITUTIONAL · Loan processing$16,121
PASI, LLC · Consulting$8,655
STRATEGIC ADVISORS,INC. · Investment advisory (plan)$2,799

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$60,240 · 0.42%
2023$31,339 · 0.27%
2022$77,611 · 0.72%
Same employer
Similar plansFinance & Insurance · Connecticut
Jmg Insurance Corp. CT$22.2M · 0.04%
Xpt Partners LLC CT$21.0M · 0.49%
Connex Credit Union, Inc. CT$20.1M · 0.04%
Speo, LLC CT$16.1M · 0.02%
Gga Retirement LLC CT$15.6M · 0.42%
The Fusco Corporation CT$14.4M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061484285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.