Plan Snapshot
- Plan Sponsor: Highlands Residential Mortgage
- Sponsor EIN: 752269700
- Sponsor Address: 950 WEST, ALLEN, TX, 75013
- Plan Type: 401(k)
- Total Participants: 433
- Total Assets: $27.7M
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 | 433 | $27.7M | $328,510 | $2.9M |
| 2023 | 454 | $24.9M | $344,032 | $3.1M |
| 2022 | 399 | $21.9M | $258,090 | $2.7M |
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 |
|---|---|---|---|---|
| PHILLIP C. MAY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $113,630 | $49,264 | — | — | — |
| 2023 | $111,078 | $44,524 | — | — | — |
| 2022 | $45,874 | — | — | — | — |