MR. Cooper Group Inc. 401(k) Review & Grade
Nationstar Mortgage 401(k) Retirement Plan
Coppell, TXFinance & Insurance4,826 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,051Employer $ per active participant
$7,001Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$603.8MNet plan assets, end of year
$74,657Average balance per account
Score breakdown
- Employer generosity14.6 / 5029th percentile for employer $ per participant
- Low cost19.0 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 76th |
| Employee saving | 30th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,518 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- MR. Cooper Group put in about $3,051 per active participant, below the typical peer ($4,489). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $14,723,437 |
| Participant (employee) contributions | $33,783,624 |
| Other contributions (incl. rollovers in) | $11,931,333 |
| Administrative expenses paid from the plan | $311,745 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $80,000 |
| Benefits paid out | $60,200,372 |
| Net assets, start / end of year | $528.6M / $603.8M |
| Active participants, start / end of year | 4,583 / 5,068 |
| Participants with account balances | 8,088 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $231,745 reported compensation |
| Morgan Stanley Smith Barney LLC | $80,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905093528NAL0017056433001, received 2025-09-05, EIN 75-2921540, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.