Department of Labor filing

FREEDOM MORTGAGE CORPORATION

FREEDOM MORTGAGE 401K PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

16filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,010

Reported employer contributions per active participant.

Higher than about 10% of comparable plans

#People in the filing

3,216

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$83 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 30% of comparable plans

↗Investment performance

Not available

Plan assets changed 11.1%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202416out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions10th percentileTypical peer $4,074 · based on 112 comparable plans

Lower reported administrative expense30th percentileTypical peer $61 · based on 106 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, FREEDOM MORTGAGE CORPORATION reported $3,249,286 in employer contributions across the plan and 3,216 active participants. That works out to $1,010 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy46%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 7.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 11.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context16/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $3,249,286
Participant contributions: $17,492,669
Other contributions: $2,412,602
Employer share of reported contributions: 15.7%
Beginning assets: $180,258,303
Ending assets: $200,327,119
Ending net assets: $200,188,804
Ending liabilities: $138,315
Total income: $46,123,544
Total expenses: $26,721,762
Administrative expenses: $699,777
Participant loans: $4,605,162

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,089

2023

$1,163

2024

$1,010

Plan-paid administrative expenses per participant

2022

$74

2023

$95

2024

$83

Active participants

2022

3,727

2023

3,255

2024

3,216

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,010	3,216	200.3M	20251014083336NAL0001120739001
2023	$1,163	3,255	180.3M	20241014145414NAL0015149043002
2022	$1,089	3,727	167.6M	20231229082807NAL0022329106001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.3%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 223039688-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Feb 1, 1996
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
TRANSAMERICA RETIREMENT SOLUTIONS	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251014083336NAL0001120739001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗