# First Colony Mortgage Corp. 401(k) Plan
Source: https://planprovider.pro/companies/first-colony-mortgage-corp-401k-plan

> First Colony Mortgage Corp.'s 401(k) plan: 301 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/epic-retirement-plan-services) — INVESTMENT ADVISORY

- [SQUIRE & COMPANY, PC](https://planprovider.pro/provider/squire-and-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|—|—|

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