Private National Mortgage Acceptance Company LLC 401(k) Review & Grade
Private National Mortgage Acceptance Company LLC Retirement Plan
Moorpark, CAFinance & Insurance4,004 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,096Employer $ per active participant
$7,003Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$338.0MNet plan assets, end of year
$84,790Average balance per account
Score breakdown
- Employer generosity14.9 / 5030th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 58th |
| Employee saving | 31th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Private National Mortgage Acceptance Company put in about $3,096 per active participant, below the typical peer ($4,489). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $12,393,224 |
| Participant (employee) contributions | $28,037,152 |
| Other contributions (incl. rollovers in) | $4,186,871 |
| Administrative expenses paid from the plan | $305,483 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $170,548 |
| Benefits paid out | $27,898,810 |
| Net assets, start / end of year | $278.3M / $338.0M |
| Active participants, start / end of year | 3,860 / 4,147 |
| Participants with account balances | 3,986 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $170,548 reported compensation |
| Fidelity Investments Institutional | $135,110 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002094321NAL0000477072001, received 2025-10-02, EIN 26-1740587, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.