Plan Snapshot
- Plan Sponsor: Us Mortgage Corporation
- Sponsor EIN: 113198028
- Sponsor Address: 201 OLD COUNTRY RD, MELVILLE, NY, 117472799
- Plan Type: 401(k)
- Total Participants: 257
- Total Assets: $7.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 257 | $7.5M | $1,411 | $1.0M |
| 2023 | 278 | $6.6M | $92,172 | $923,938 |
| 2022 | 330 | $5.1M | $123,285 | $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 |
|---|---|---|---|---|
| CATHEDRAL CPAS & ADVISORS, LLP | Auditor | $11,500 | — | $11,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,500
- Estimated Expense Ratio: 0.154% 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 | $46,726 | $13,428 | $20,938 | $11,500 | — |
| 2023 | $44,629 | $10,527 | $33,242 | — | — |
| 2022 | $31,861 | $9,567 | $22,294 | — | — |