Plan Snapshot
- Plan Sponsor: Freedom Mortgage Corporation
- Sponsor EIN: 223039688
- Sponsor Address: 907 PLEASANT VALLEY AVE, MT. LAUREL, NJ, 08054
- Plan Type: 401(k)
- Total Participants: 3,216
- Total Assets: $200.3M
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 | 3,216 | $200.3M | $3.2M | $17.5M |
| 2023 | 3,255 | $180.3M | $3.8M | $17.6M |
| 2022 | 3,727 | $167.6M | $4.1M | $30.6M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $457,155 | — | $457,155 |
| LPL FINANCIAL RETIREMENT PARTNERS | Recordkeeper | $198,871 | — | $198,871 |
| SAGEVIEW ADVISORY GRP INC | Investment Advisor | $43,750 | — | $43,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- LPL FINANCIAL RETIREMENT PARTNERS — Recordkeeper
- SAGEVIEW ADVISORY GRP INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $699,776
- Estimated Expense Ratio: 0.349% 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 | $699,777 | $242,622 | — | — | — |
| 2023 | $571,877 | $192,848 | — | — | — |
| 2022 | $724,231 | $257,633 | — | — | — |