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Industry · Form 5500 business code 522292
Real Estate Credit (including mortgage bankers & originators): retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
164 retirement plans in real estate credit (including mortgage bankers & originators) with 100 or more participants filed Form 5500 for plan year 2024 (164 defined contribution, 0 defined benefit). All Form 5500 pension filers in the group reported 193,211 participant records and $11.0B in net assets.
The median defined contribution plan held $52,674 per participant, close to the national median of $53,031, and its employer put in $1,022 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $143 per participant against $123 nationally.
Employers contributed $195M and participants $821M during the year, and the plans paid out $1.60B in benefits.
In 2009 the same group numbered 136 plans with $1.84B; by 2024 it was 164 plans (up 21%) and $11.0B (up 495%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $52,674 | $53,031 | — | $86,234 |
| Employer contributions per active participant | $1,022 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $143 | $123 | — | $344 |
| Schedule C compensation, share of net assets | 0.35% | 0.26% | — | 0.42% |
| Administrative expenses per participant | $141 | $116 | — | $527 |
Medians across plans with 100 or more participants (156 DC and 0 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $31,420 | $52,674 | $79,562 | 156 |
| Employer contributions per active participant | $387 | $1,022 | $2,296 | 124 |
| Schedule C compensation per participant | $90.99 | $143 | $243 | 150 |
| Administrative expenses per participant | $90.74 | $141 | $235 | 153 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 37 | 26,388 | $1.56B | $25.0M | $119M | $78,486 | $215 |
| 2024 | 164 | 193,211 | $11.0B | $195M | $821M | $52,674 | $143 |
| 2023 | 182 | 202,606 | $10.0B | $192M | $834M | $47,836 | $139 |
| 2022 | 222 | 226,533 | $8.64B | $347M | $1.13B | $35,057 | $126 |
| 2021 | 228 | 269,678 | $10.6B | $418M | $1.37B | $33,458 | $106 |
| 2020 | 212 | 234,482 | $8.12B | $324M | $1.09B | $29,911 | $90.86 |
| 2019 | 190 | 174,915 | $5.66B | $230M | $705M | $27,785 | $96.42 |
| 2018 | 201 | 169,501 | $4.66B | $169M | $649M | $22,581 | $84.86 |
| 2017 | 209 | 172,460 | $4.82B | $177M | $640M | $21,504 | $60.61 |
| 2016 | 201 | 157,173 | $3.61B | $160M | $548M | $17,049 | $45.96 |
| 2015 | 188 | 130,206 | $2.85B | $132M | $429M | $16,215 | $38.87 |
| 2014 | 183 | 109,166 | $2.54B | $91.7M | $317M | $15,855 | $42.35 |
| 2013 | 180 | 118,903 | $2.67B | $92.8M | $328M | $14,240 | $26.99 |
| 2012 | 156 | 102,131 | $2.05B | $118M | $242M | $12,738 | $18.29 |
| 2011 | 148 | 91,954 | $1.93B | $59.0M | $181M | $12,820 | $26.06 |
| 2010 | 139 | 86,101 | $1.84B | $55.9M | $153M | $15,047 | $20.45 |
| 2009 | 136 | 103,743 | $1.84B | $59.4M | $155M | $13,835 | $23.30 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 165 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 165 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Rock Holdings & Associated Companies Savings Plan | Rock Holdings, Inc. | MI | DC | 22,766 | $2.23B | $97,847 | $1,654 | $60.56 |
| United Wholesale Mortgage, LLC Profit Sharing Plan and Trust | United Wholesale Mortgage, LLC | MI | DC | 11,710 | $260M | $22,174 | $793 | $74.79 |
| Rate Holdings Corp. Multiple Employer 401(k) Plan | Rate Holdings Corp. | IL | DC | 8,795 | $526M | $59,785 | $1,471 | $66.06 |
| Nationstar Mortgage 401(k) Retirement Plan | Mr. Cooper Group Inc. | TX | DC | 8,335 | $604M | $72,445 | $2,905 | $37.40 |
| Loandepot.com, LLC 401(k) Plan | Loandepot.com, LLC | CA | DC | 7,167 | $397M | $55,459 | $1,867 | $53.82 |
| Fairway Mortgage Corp. Savings & Investment Plan | Fairway Independent Mortgage Corporation | WI | DC | 7,108 | $455M | $64,062 | $0 | $43.10 |
| Freedom Mortgage 401(k) Plan | Freedom Mortgage Corporation | NJ | DC | 6,944 | $200M | $28,829 | $1,010 | $101 |
| Fairway Independent Mortgage Corporation Employee Stock Ownership | Fairway Independent Mortgage Corporation | WI | DC | 6,115 | $123M | $20,034 | — | $188 |
| Guild Mortgage Company Profit Sharing 401(k) Plan | Guild Mortgage Company LLC | CA | DC | 6,079 | $456M | $75,071 | $1,639 | $128 |
| Veterans United Home Loans 401(k) Plan | Mortgage Research Center LLC | MO | DC | 5,368 | $484M | $90,251 | $4,699 | $121 |
| Private National Mortgage Acceptance Company LLC Retirement Plan | Private National Mortgage Acceptance Company LLC | CA | DC | 5,210 | $338M | $64,870 | $2,988 | $58.67 |
| New American Funding, LLC 401(k) Plan | New American Funding, LLC | CA | DC | 5,200 | $148M | $28,550 | $314 | $44.48 |
| Movement Mortgage 401(k) Plan | Movement Mortgage, LLC | SC | DC | 4,719 | $334M | $70,759 | $3,251 | $95.67 |
| CMG Financial 401(k) Plan | CMG Mortgage, Inc. DBA CMG Financial | CA | DC | 4,012 | $164M | $40,758 | $1,160 | $110 |
| American Pacific Mortgage Corporation 401(k) Plan | American Pacific Mortgage Corporation | CA | DC | 3,904 | $153M | $39,300 | — | $99.92 |
| American Pacific Mortgage Corporation Employee Stock Ownership Plan | American Pacific Mortgage Corporation | CA | DC | 3,364 | $33.8M | $10,033 | $1,193 | — |
| Carrington 401(k) Plan | Carrington Holding Company, LLC | CA | DC | 3,150 | $129M | $40,811 | $1,456 | $26.64 |
| Union Home Mortgage Corporation 401(k) Plan | Union Home Mortgage Corporation | OH | DC | 2,735 | $94.9M | $34,689 | $997 | $92.13 |
| Finance of America Companies 401(k) Plan | Finance of America Equity Capital LLC | TX | DC | 2,171 | $167M | $76,903 | $2,762 | $108 |
| Mai Epic Retirement Plan | The Finway Group, LLC | IA | DC | 1,910 | — | — | — | — |
| Shaddock Companies 401(k) Plan | Willow Bend Mortgage Company, LLC | TX | DC | 1,902 | $54.7M | $28,750 | $853 | $158 |
| Radian Group Inc. Savings Incentive Plan | Radian Group, Inc. | PA | DC | 1,892 | $333M | $176,063 | $7,775 | $29.47 |
| Walker & Dunlop, LLC Retirement Savings Plan | Walker & Dunlop, LLC | MD | DC | 1,859 | $311M | $167,476 | $3,479 | $112 |
| Cornerstone Capital Bank, SSB 401(k) Plan | Cornerstone Capital Bank | TX | DC | 1,756 | $136M | $77,563 | $1,164 | $141 |
| Cardinal Financial Company, Limited Partnership 401(k) Retirement Plan | Cardinal Financial Company, Limited Partnership | NC | DC | 1,748 | $84.6M | $48,400 | $853 | $272 |
| Edge Home Finance Corporation 401(k) Plan | Edge Home Finance Corporation | MN | DC | 1,717 | $8.3M | $4,817 | $0 | $26.85 |
| Paramount Residential Mortgage Group, Inc. 401(k) Plan | Paramount Residential Mortgage Group, Inc. | CA | DC | 1,620 | $33.7M | $20,804 | $0 | $30.98 |
| Mutual of Omaha Mortgage 401(k) Plan | Mutual of Omaha Mortgage, Inc. | CA | DC | 1,574 | $67.9M | $43,150 | $2,030 | $88.54 |
| Everett Financial, Inc. DBA Supreme Lending 401(k) Plan | Everett Financial, Inc. DBA Supreme Lending | TX | DC | 1,559 | $61.6M | $39,507 | — | $29.63 |
| Lower LLC 401(k) Retirement Plan | Lower, LLC000000000 | MD | DC | 1,359 | $48.0M | $35,355 | $421 | $276 |
| Nationwide Mortgage Bankers in 401(k) Profit Sharing Plan & Trust | Nationwide Mortgage Bankers in | NY | DC | 1,263 | $11.5M | $9,127 | $0 | $54.11 |
| NFM, Inc. 401(k) Plan | NFM, Inc. | MD | DC | 1,212 | $63.1M | $52,091 | — | $203 |
| T2 Financial LLC 401(k) Profit Sharing Plan & Trust | T2 Financial LLC | OH | DC | 1,157 | $15.7M | $13,544 | $82 | $43.13 |
| Mortgage Connect LP 401(k) Profit Sharing Plan | Mortgage Connect LP | PA | DC | 1,112 | $15.7M | $14,095 | $243 | $121 |
| Amerisave 401(k) Plan | Amerisave Mortgage Corporation | GA | DC | 1,058 | $26.4M | $24,922 | $0 | $141 |
| Gateway First Bank 401(k) Retirement Plan | Gateway First Bank | OK | DC | 1,032 | $75.5M | $73,132 | $3,001 | $178 |
| American Neighborhood Mortgage Acceptance Co., LLC 401(k) Plan | American Neighborhood Mortgage Acceptance Co., LLC | NJ | DC | 985 | $35.7M | $36,193 | — | $149 |
| Luminate Home Loans Retirement Plan | Luminate Home Loans, Inc. | MN | DC | 977 | $25.2M | $25,833 | $1,320 | $113 |
| Ark-La-Tex Financial Services, LLC 401(k) Plan | Ark-La-Tex Financial Services, L | TX | DC | 919 | $60.7M | $66,005 | $1,286 | $136 |
| Barrett Financial Group, L.L.C. 401(k) Plan | Barrett Financial Group, L.L.C. | AZ | DC | 916 | $7.2M | $7,820 | $0 | $49.63 |
By plan size
By state
Questions and answers
How many retirement plans are there in real estate credit (including mortgage bankers & originators)?
164 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 272 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in real estate credit (including mortgage bankers & originators)?
The median defined contribution plan reported $52,674 in net assets per participant (middle half of plans: $31,420 to $79,562); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in real estate credit (including mortgage bankers & originators)?
The median defined contribution plan received $1,022 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in real estate credit (including mortgage bankers & originators)?
Among defined contribution plans that report any Schedule C compensation, the median was $143 per participant and 0.35% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.