Federal Home Loan Mortgage Corp 401(k) Review & Grade
Federal Home Loan Mortgage Corp Thrift/401(k) Savings Plan · d/b/a Freddie Mac
Mclean, VAFinance & Insurance8,019 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$13,199Employer $ per active participant
$15,182Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$3.7BNet plan assets, end of year
$316,431Average balance per account
Score breakdown
- Employer generosity47.2 / 5094th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 99th |
| Employee saving | 93th |
| Peers that auto-enroll | 66% |
Red flags from the filing
Corrective distributions: the plan refunded $13,111 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Federal Home Loan Mortgage put in about $13,199 per active participant, more than the typical peer ($4,489). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $105,839,925 |
| Participant (employee) contributions | $121,745,686 |
| Other contributions (incl. rollovers in) | $18,817,474 |
| Administrative expenses paid from the plan | $192,862 |
| Contract administrator fees | $3,300 |
| Investment advisory & management fees | $18,527 |
| Other admin expenses | $2,500 |
| Benefits paid out | $262,432,585 |
| Net assets, start / end of year | $3.2B / $3.7B |
| Active participants, start / end of year | 7,985 / 8,053 |
| Participants with account balances | 11,709 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sc&h Attest Services P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Inst Opns Co | $171,835 reported compensation |
| Blackrock Institutional Trust Compa | $19,146 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003082225NAL0000722435001, received 2025-10-03, EIN 52-0904874, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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