Overview

Plan Rating

BrightScope Rating
65
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (44)
Average in Peer Group (77)
Highest in Peer Group (91)

Plan Description

Freedom Mortgage 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 35% of plans for Salary Deferral. Freedom Mortgage 401k Plan currently has over 4,000 active participants and over $79.7M in plan assets.

Did you know?

For the average 401k participant, the 26 point difference between this plan's BrightScope Rating (65) and the top rated plan (91) could equate to:
16
Additional years of work
72,005
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 907 Pleasant Valley Ave Suite 3
  • Location
    Mt. Laurel , NJ
  • 08054
  • Industry
    Real Estate Credit
  • Administrator
    Jill Smith
  • Net Plan Assets
    $79,700,000
  • Total Participants
    4,100
  • Avg Account Balance
    $29,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Above Average
Account Balance:
Below Avg.

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Above Average
Account Balance:
Poor

Peer Group Plans

Company Rating
HomeStreet 79.5
The Park National 72.6
Embrace Home Loans 71.7
Washington Federal 68.8
Home Bancshares 67.0
Heartland Bancorp 66.5

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

32

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
BlackRock, Inc. Blackrock Lifepath Index 34%
1%
Vanguard Real Estate Index 10%
35%
Federated US Treasury Cash Reserves 8%
21%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Transamerica
Consultant
UBS Financial Services, Inc.
Consultant
Sageview Advisory Group
Auditor
Friedman, LLP

Articles and Questions

Boeing Plan Report (Updated)

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Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
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