# Point Mortgage Corporation 401(k) Plan
Source: https://planprovider.pro/companies/point-mortgage-corporation-401k-plan

> Point Mortgage Corporation's 401(k) plan: 138 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Point Mortgage Corporation

- **Sponsor EIN:** 651059543

- **Sponsor Address:** 2421 FENTON STREET A, CHULA VISTA, CA, 919143517

- **Plan Type:** 401(k)

- **Total Participants:** 138

- **Total Assets:** $5.4M

## 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|138|$5.4M|$0|$293,074|

| 2023|114|$5.6M|$0|$350,200|

| 2022|152|$5.7M|$0|$1.2M|

## 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|

| SARAH SCANLAN, CPA|Auditor|$23,484|—|$23,484|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $23,484

- **Estimated Expense Ratio:** 0.433% 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|$81,785|—|$58,301|$23,484|—|

| 2023|$83,137|—|$60,705|$22,432|—|

| 2022|$69,539|—|$69,539|—|—|

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