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Freedom Mortgage Corporation

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Freedom Mortgage Corporation

65
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

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

exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Compliance
What Biden’s Win Means for Retirement Plans

Experts say the president-elect could start the process of shoring up Social Security and embrace ESG investing.

November 19, 2020
Compliance
A Strong Appetite for ‘SECURE Act 2.0’ in Congress

One retirement plan industry executive says his conversations with members of the U.S. House and Senate make him optimistic that Congress could act sooner rather than later on the new legislation.

November 20, 2020
exclusives
A New World and New Opportunities for Alpha
Pandemic-driven volatility has once again highlighted the relative virtues of active and passive management.
June 9, 2020
Compliance
New Life Expectancy Tables Will Decrease RMDs

The IRS has issued final regulations on mortality tables to be used for calculating required minimum distributions, which reflect longer life expectancies.

November 10, 2020

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
for Asset Managers

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?
Ryan Alfred

Popular Questions

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