Fm Home Loans 401(K) Plan — Form 5500 plan (Fm Home Loans)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Fm Home Loans 401(K) Plan is a benefit plan reported by Fm Home Loans under EIN 02-0594137 and plan number 001. The latest loaded filing year is 2023. The filing reports 248 participants and $4,505,679 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$4.5MPlan net assets, end of year$4,505,679
Participants248Covered participants reported
Assets / participant$18.2KComputed: assets ÷ participants$18,168 (computed)
Provider compensation$23.6K2 Schedule C provider row(s)$23,630
- Plan sponsor
- Fm Home Loans
- EIN
- 02-0594137
- Plan number
- 001
- Plan type
- 2
- Location
- Brooklyn, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 248 | H, C | 20240808051738NAL0002553475001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$4.5M total assets
Net assets$4.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $4,505,679
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,505,679
- Net assets (BOY)
- $3,910,494
Income & contributions
- Participant contributions
- $397,691
- Total contributions
- $611,587
- Total income / additions
- $1,281,897
Expenses & distributions
- Benefits paid
- $660,939
- Administrative expenses
- $23,630
- Total expenses
- $686,712
- Net increase / (decrease)
- $595,185
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income52%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lion Street Financial, LLC | INVESTMENT/FINANCIAL ADVI | $22,195 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $1,435 | $0 | 2023 |