Tennessee › Finance and insurance › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Mortgage Investors Group 401(k) Retirement Plan
Sponsored by Mortgage Investors Group, Knoxville, TN
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Mortgage Investors Group of Knoxville, Tennessee sponsors Mortgage Investors Group 401(k) Retirement Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 353 participants (249 active) and $29.7M in net assets.
Net assets came to $80,445 per participant in plan year 2024, well above the $48,746 median for defined contribution plans with 250 to 499 participants and below the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $188K: $531 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $172K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $4.7M in 2009 to $29.7M in 2025 (up 527%), and participants from 251 to 353 (up 41%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $80,445 | $48,746 | $92,294 | $53,102 |
| Employer contributions per active participant | — | $2,017 | $3,564 | $2,175 |
| Schedule C compensation per participant | $517 | $141 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.64% | 0.30% | 0.17% | 0.26% |
| Administrative expenses per participant | $517 | $133 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 353 | $29.7M | $84,008 | — | $1.6M | $188K |
| 2024 | 375 | $30.2M | $80,445 | — | $1.7M | $194K |
| 2023 | 421 | $30.2M | $71,622 | $0 | $2.0M | $189K |
| 2022 | 507 | $28.5M | $56,144 | $605K | $2.6M | $195K |
| 2021 | 508 | $31.8M | $62,652 | $522K | $3.1M | $183K |
| 2020 | 469 | $26.5M | $56,542 | $433K | $2.5M | $163K |
| 2019 | 421 | $21.9M | $52,038 | $445K | $2.0M | $134K |
| 2018 | 429 | $17.1M | $39,944 | $415K | $1.9M | $123K |
| 2017 | 413 | $16.5M | $39,881 | $367K | $1.7M | $104K |
| 2016 | 367 | $13.2M | $35,894 | $90K | $1.6M | $87K |
| 2015 | 329 | $11.4M | $34,751 | $82K | $1.2M | $84K |
| 2014 | 293 | $10.6M | $36,341 | $75K | $910K | $82K |
| 2013 | 292 | $9.4M | $32,318 | $71K | $865K | $60K |
| 2012 | 255 | $7.1M | $27,722 | $50K | $734K | $61K |
| 2011 | 222 | $5.9M | $26,500 | $49K | $507K | $58K |
| 2010 | 240 | $5.6M | $23,133 | $56K | $529K | $52K |
| 2009 | 251 | $4.7M | $18,833 | — | $526K | $40K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$30,166,796
- Employer contributions—
- Participant contributions$1,564,036
- Rollovers and other contributions$302,965
- Total contributions$1,867,001
- Total income, including investment results$5,894,321
- Benefits paid$6,233,768
- Administrative expenses$172,297
- Total expenses$6,406,065
- Net income−$511,744
- Net transfers$0
- Net assets, end of year$29,655,052
Participants
- Active participants249
- Retired or separated, receiving benefits8
- Retired or separated, entitled to future benefits96
- Participants with account balances331
- Total participants, end of year353
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| American Trust Company | Contract Administrator; Recordkeeping and information management; Consulting (pension); Trustee (discretionary); Investment management; Participant loan processing | $81,259 | $15,299 |
| Rather & Kittrell Capital Mgnt. | Investment advisory (plan) | $72,116 | $0 |
| Tennessee Pension Administrators | Contract Administrator | $18,922 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$100,963
- Trustee and custodial fees$27,327
- Recordkeeping fees$25,085
- Contract administrator fees$18,922
- Total administrative expenses$172,297
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$25.3M · 85.2%
- Common/collective trusts$3.8M · 12.9%
- Participant loans$493K · 1.7%
- Receivables$72K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRichey, May & Co., LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2TTotal or partial participant-directed account plan with a default investment account2S401(k) plan or 403(b) plan that provides for automatic enrollment3BPlan covering self-employed individuals3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522292: Real Estate Credit (including mortgage bankers & originators).
Similar plans in Tennessee
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| First Citizens National Bank 401(k) Plan | First Citizens National Bank | 364 | $36.9M | $101,455 |
| Builtwell Bancorp Inc. 401(k) Plan | Builtwell Bancorp Inc. | 342 | $22.0M | $64,445 |
| Citizens Tri-County Bank Safe Harbor 401(k) Plan | Citizens Tri-County Bank | 381 | $24.8M | $64,973 |
| Commercial Bancgroup, Inc. Retirement Savings Plan | Commercial Bancgroup, Inc. | 341 | $20.0M | $58,684 |
| Home Federal Bank of Tennessee 401(k) Profit Sharing Plan | Home Federal Bank of Tennessee | 403 | $75.4M | $186,973 |
| Banctenn Corp. 401(k) Profit Sharing Plan | Banctenn Corp. | 341 | $32.0M | $93,823 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Mortgage Investors Group 401(k) Retirement Plan?
353 participants at the end of the plan year ending 31 Dec 2025, of whom 249 were active employees, with net assets of $29,655,052. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Mortgage Investors Group contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $187,596 in compensation to service provider organisations, $531 per participant or 0.63% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $172,297. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Mortgage Investors Group. Recordkeeping or administration: American Trust Company and Tennessee Pension Administrators. Investment advisory or management: American Trust Company and Rather & Kittrell Capital Mgnt.. Trustee or custodian: American Trust Company. The financial statements were audited by Richey, May & Co., LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 16 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 83-0310268, plan 001, received 16 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.