401(k) · DOL Form 5500 · 2024

Freedom Mortgage Corporation 401(k) Plan

Data updated 2026-08-25

$200M
Total assets Near avg plan size
3,270
Participants Above avg headcount
94th
Percentile by assets National rank
$61,262
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Freedom Mortgage 401(k) Plan · Sponsored by Freedom Mortgage Corporation · New Jersey · Finance & Insurance

$200M in assets, 3,270 participants

Freedom Mortgage Corporation's Freedom Mortgage 401(k) Plan reported $200M in total assets and 3,270 participants in its 2024 DOL Form 5500 filing, ranking in the 94th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,769 in Finance & Insurance (8,549 peers)

Coverage in New Jersey

Freedom Mortgage 401(k) Plan covers 3,270 participants in New Jersey, 3.9x the typical New Jersey plan (state average ~844 per filing). Assets: $200M.

#7,769
in Finance & Insurance (8,549 peers)
+11.1%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Freedom Mortgage 401(k) Plan's outsized position by total assets

Freedom Mortgage 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$200,327,119 Top 6% higher than 94% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Freedom Mortgage 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Freedom Mortgage 401(k) Plan lands in the large band (3,270 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Freedom Mortgage 401(k) Plan reported net income rose from $13M in the plan year 2023 filing to $19M in the plan year 2024 filing.
  • Freedom Mortgage 401(k) Plan reported participants fell from 3,774 in the plan year 2023 filing to 3,270 in the plan year 2024 filing.
  • Freedom Mortgage 401(k) Plan end-of-year assets rose from $180M in the plan year 2023 filing to $200M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 223039688 · Freedom Mortgage Corporation PY 2024 · 401(k)

Freedom Mortgage 401(k) Plan · $200M · 3,270 · 94th

  • SCH $200M
  • SCH 3,270
  • SCH 94th
  • SCH 401(k)
  • SCH near Suncor Energy 401(k) Savings Plan
  • SCH ind #7769

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in New Jersey →

Freedom Mortgage 401(k) Plan in the asset neighbourhood

Bosch Security Systems Retirement Savings PlanBosch Security Systems Retir…$201MMpr Associates, Inc. 401(k) and Profit Sharing PlanMpr Associates, Inc. 401(k) …$200MSuncor Energy 401(k) Savings PlanSuncor Energy 401(k) Savings…$200MFreedom Mortgage 401(k) Plan$200MAberdeen Standard Investments Inc. 401(k) Profit Sharing PlanAberdeen Standard Investment…$200M
End-of-year total assets ($M) among Freedom Mortgage 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$180M
Net Assets (End of Year)$200M
Net Income$19M
Employer EIN223039688
Plan Effective Date1996-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Freedom Mortgage Corporation)

Sponsor-wide plan assets over time

All Freedom Mortgage Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$200M 19.499846371322125% vs 2022
2024 filing year
$160M$170M$180M$190M$200M$210M 202220232024 $168M $200M ▲ +19.5%
Year Plans Participants Total Assets
2022 1 8,409 $168M
2023 1 3,774 $180M
2024 1 3,270 $200M

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Freedom Mortgage 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Freedom Mortgage 401(k) Plan, Total assets ($B): 0.200327119 · Participants: 3270Freedom Mortgage 401(k) PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 52.9134575 · Participants: 185532JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 29.376133902 · Participants: 69218Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 23.58476515 · Participants: 42583Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 18.327167732 · Participants: 56714Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 14.970916966 · Participants: 27956Merck US Savings Plan
Freedom Mortgage 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Freedom Mortgage 401(k) Plan side-by-side with 3 peers →

Freedom Mortgage 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Suncor Energy 401(k) Savings Plan in CO ($200M); by covered participants it is Essential Utilities, Inc. 401(k) Plan in PA (3,270 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,270 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Freedom Mortgage 401(k) Plan assets move in 2024? ▼
Freedom Mortgage 401(k) Plan grew at a solid clip - up 11.1% during 2024, from $180M to $200M. Reported net income was $19M.
How have Freedom Mortgage Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Freedom Mortgage Corporation's sponsor-wide assets grew 19.5%, from $168M to $200M.
Where does Freedom Mortgage 401(k) Plan rank by assets among Form 5500 filers? ▼
Freedom Mortgage 401(k) Plan ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Freedom Mortgage 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Suncor Energy 401(k) Savings Plan in CO ($200M, 561 participants).
Which 401(k) plans cover a similar participant headcount to Freedom Mortgage 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Essential Utilities, Inc. 401(k) Plan in PA (3,270 participants, $624M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223039688.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.