Plan Snapshot
- Plan Sponsor: First Colony Mortgage Corp.
- Sponsor EIN: 870415314
- Sponsor Address: 2100 W PLEASANT GROVE BLVD, PLEASANT GROVE, UT, 84062
- Plan Type: 401(k)
- Total Participants: 301
- Total Assets: $23.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 301 | $23.3M | $307,132 | $1.9M |
| 2023 | 251 | $20.5M | $307,115 | $1.5M |
| 2022 | 253 | $17.2M | $450,436 | $2.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $123,836 | — | $123,836 |
| OAK LANE ADVISORS | INVESTMENT ADVISORY | — | $54,479 | $54,479 |
| RESOURCES INVESTMENT ADV | INVESTMENT ADVISORY | $13,532 | $12,233 | $25,765 |
| SQUIRE & COMPANY, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RESOURCES INVESTMENT ADV — INVESTMENT ADVISORY
- SQUIRE & COMPANY, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,080
- Estimated Expense Ratio: 0.874% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $143,115 | $13,442 | $129,673 | — | — |
| 2023 | $117,089 | — | $101,874 | — | — |
| 2022 | $96,578 | — | $96,578 | — | — |