Plan5500

First Option Mortgage 401(K) Retirement Savings Plan — Form 5500 plan (First Option Mortgage, LLC)

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, First Option Mortgage 401(K) Retirement Savings Plan is a benefit plan reported by First Option Mortgage, LLC under EIN 68-0570826 and plan number 002. The latest loaded filing year is 2023. The filing reports 417 participants and $7,235,254 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.2MPlan net assets, end of year$7,229,444
Participants417Covered participants reported
Assets / participant$17.4KComputed: assets ÷ participants$17,351 (computed)
Provider compensation$19.1K1 Schedule C provider row(s)$19,123
Plan sponsor
First Option Mortgage, LLC
EIN
68-0570826
Plan number
002
Plan type
2
Location
Suwanee, GA
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    417 participants · 2Sch HSch C
    View filing →
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)$7.2M total assets
Net assets$7.2MLiabilities$5.8K
Money in vs. money out
Total income / additions$2.4M
Total expenses$1.4M
Benefits paid / distributions$1.4M
Contributions
Employer$34.5K
Participant$813.6K
Full reported line items

Net assets

Total assets (EOY)
$7,235,254
Total liabilities (EOY)
$5,810
Net assets (EOY)
$7,229,444
Net assets (BOY)
$6,250,737

Income & contributions

Employer contributions
$34,518
Participant contributions
$813,586
Total contributions
$1,285,177
Total income / additions
$2,367,551

Expenses & distributions

Benefits paid
$1,369,722
Administrative expenses
$19,122
Total expenses
$1,388,844
Net increase / (decrease)
$978,707
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.

Contribution share (employer vs. participant)
Employer 4%Participant 96%
Total expenses ÷ net assets19%Computed ratio
Benefits paid ÷ total income58%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Voya Retirement Insurance And Annui$19.1K
    SERVICE PROVIDER · Direct $19.1K · Indirect $0

Related Form 5500 pages