Plan Snapshot
- Plan Sponsor: Fm Home Loans
- Sponsor EIN: 020594137
- Sponsor Address: 2329 NOSTRAND AVE, BROOKLYN, NY, 11210
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 156 | $4.8M | $0 | $506,915 |
| 2023 | 145 | $4.5M | $0 | $397,691 |
| 2022 | 169 | $3.9M | $11,694 | $585,390 |
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 |
|---|---|---|---|---|
| LION STREET FINANCIAL, LLC | INVESTMENT/FINANCIAL ADVI | $23,233 | — | $23,233 |
| RICHEY MAY & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHEY MAY & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,233
- Estimated Expense Ratio: 0.483% 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 | $24,703 | $23,233 | — | — | — |
| 2023 | $23,630 | $22,195 | — | — | — |
| 2022 | $17,719 | — | — | — | — |