Department of Labor filing

TOWNE MORTGAGE COMPANY DBA AMERICU MORTGAGE, TOWNE MORTGAGE COMPANY

TOWNE MORTGAGE COMPANY 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Sep 18, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

42filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$3,523

Reported employer contributions per active participant.

Higher than about 56% of comparable plans

#People in the filing

259

Active participants reported for 2024.

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

¢Visible plan-paid fees

$422 / participant

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

Lower cost than about 9% of comparable plans

↗Investment performance

Not available

Plan assets changed 23.8%, 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 · 202442out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions56th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense9th percentileTypical peer $184 · based on 1,443 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, TOWNE MORTGAGE COMPANY DBA AMERICU MORTGAGE, TOWNE MORTGAGE COMPANY reported $912,530 in employer contributions across the plan and 259 active participants. That works out to $3,523 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 proxy86%

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 trendUp 2.4%

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

Expense trendUp 60.0%

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

Peer context42/100

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: $912,530
Participant contributions: $1,520,825
Other contributions: $35,228
Employer share of reported contributions: 37.5%
Beginning assets: $13,439,989
Ending assets: $16,642,080
Ending net assets: $16,642,080
Ending liabilities: $0
Total income: $4,317,083
Total expenses: $1,114,992
Administrative expenses: $107,521
Participant loans: $511,124

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

$3,439

2023

$3,996

2024

$3,523

Plan-paid administrative expenses per participant

2022

$264

2023

$320

2024

$422

Active participants

2022

224

2023

203

2024

259

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,523	259	16.6M	20250918112227NAL0001346961001
2023	$3,996	203	13.4M	20240919115811NAL0002316275001
2022	$3,439	224	10.4M	20230928102829NAL0024480674001

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: 3.1%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 382434249-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1990
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
2A2E2F2G2J2K2S2T3D3H

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
CHARLES SCHWAB & CO., INC.	2024	Not reported	unknown
CHARLES SCHWAB TRUST BANK	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250918112227NAL0001346961001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗