Plan Snapshot
- Plan Sponsor: Home Point Capital INC.
- Sponsor EIN: 901116426
- Sponsor Address: 2211 OLD EARHART RD., ANN ARBOR, MI, 48105
- Plan Type: 401(k)
- Total Participants: 1
- Total Assets: $13,588
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 | 1 | $13,588 | $0 | $0 |
| 2023 | 1 | $1.9M | $469,200 | $2.7M |
| 2022 | 828 | $65.6M | $2.4M | $12.1M |
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 |
|---|---|---|---|---|
| PLANTE MORAN, PLLC | Auditor | $42,100 | — | $42,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,100
- Estimated Expense Ratio: 309.832% 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 | $2,122,588 | — | $49,216 | — | — |
| 2023 | $280,164 | $109,563 | $1,500 | $42,100 | — |
| 2022 | $307,905 | $28,357 | — | — | — |