Guild Mortgage 401(k) match, vesting and fees
What Guild Mortgage's 401(k) plan says about matching contributions
The Company contributes a discretionary match of voluntary participant contributions at a rate of 40% of the first 6% of the participant's compensation that is deferred.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 36 ↗ |
| Match vesting | Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's contribution portion of their accounts is based on years of continuous service. A participant is 25% vested after 2 years of credited service and continues to vest in increments of 25% until 100% vested after five years of credited service. However, if an active participant dies prior to attaining normal retirement age, the participant's account becomes 100% vested. However, if an active participant dies prior to attaining normal retirement age, the participant's account becomes 100% vested. | Audit report, p. 36 ↗ |
| Automatic enrollment | The Plan includes an automatic enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 2% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. | Audit report, p. 36 ↗ |
| Roth contributions | Participants also may designate all or a portion of their deferral contributions as after-tax contributions into a Roth account. | Audit report, p. 36 ↗ |
| Loans | Participants may borrow from their fund accounts up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Loans must be repaid within 5 years, except in limited circumstances, such as the purchase of a primary residence. The loans are secured by the balance in the participant's account and bear interest at a rate commensurate with local prevailing rates as determined quarterly by the Plan administrator. | Audit report, p. 37 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Withumsmithbrown, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 118 defined-contribution plans in finance and insurance with 5,000 to 9,999 participants.
| Guild Mortgage: employer contribution per participant | $1,399 | |
| Peer median | $3,354 |
| Guild Mortgage: average balance | $76,673 | |
| Peer median | $126,365 |
| Guild Mortgage: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $287M at the end of plan year 2021 to $456M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 6,079 | $456M | $8.3M | $1,399 | 0.19% | Quoted in the audit report, p. 36 ↗ | Form 5500 ↗ |
| 2023 | 6,192 | $371M | $5.9M | $1,151 | 0.20% | Not published | Form 5500 ↗ |
| 2022 | 5,419 | $242M | $6.3M | $1,510 | 0.24% | Not published | Form 5500 ↗ |
| 2021 | 5,068 | $287M | $8.8M | $1,766 | 0.23% | Not published | Form 5500 ↗ |
Common questions
Does Guild Mortgage match 401(k) contributions?
The audit report attached to the Guild Mortgage Company Profit Sharing 401(k) Plan's plan year 2024 Form 5500, page 36 says: “The Company contributes a discretionary match of voluntary participant contributions at a rate of 40% of the first 6% of the participant's compensation that is deferred.” Plan terms may have changed; check your current Summary Plan Description.
When is the Guild Mortgage 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 36 says: “Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's contribution portion of their accounts is based on years of continuous service. A participant is 25% vested after 2 years of credited service and continues to vest in increments of 25% until 100% vested after five years of credited service. However, if an active participant dies prior to attaining normal retirement age, the participant's account becomes 100% vested. However, if an active participant dies prior to attaining normal retirement age, the participant's account becomes 100% vested.”
Who manages the Guild Mortgage 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Guild Mortgage Company LLC.
I left Guild Mortgage. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Guild Mortgage Company LLC, (858) 560-6330) or the recordkeeper, Principal Life Insurance Company. The Guild Mortgage old 401(k) page lists the contacts from every plan filing. Find an old Guild Mortgage 401(k)
Data from the public Form 5500 annual reports Guild Mortgage filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Guild Mortgage. Not financial advice. Report a correction · Methodology