Flat Branch Mortgage, Inc. 401(k) Review & Grade
Flat Branch Mortgage, Inc. Plan Retirement Savings Plan
Columbia, MOFinance & Insurance598 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,688Employer $ per active participant
$5,012Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$75.3MNet plan assets, end of year
$162,266Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 57th |
| Employee saving | 23th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Flat Branch Mortgage put in about $2,688 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,606,123 |
| Participant (employee) contributions | $2,994,830 |
| Other contributions (incl. rollovers in) | $580,259 |
| Administrative expenses paid from the plan | $125,262 |
| Contract administrator fees | $125,262 |
| Benefits paid out | $3,118,815 |
| Net assets, start / end of year | $62.1M / $75.3M |
| Active participants, start / end of year | 580 / 615 |
| Participants with account balances | 464 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kerber, Eck & Braeckel LLP |
| Employer stock held by plan | $46,618,706 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $93,730 reported compensation |
| Alera Investment Advisors, LLC | $31,190 reported compensation |
| Principal Financial Group | $19,885 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014132351NAL0003018625001, received 2025-10-14, EIN 20-2746596, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.