Retirement plan

TWO HARBORS INVESTMENT CORP. 401(K) PLAN

Name: TWO HARBORS INVESTMENT CORP. - TWO HARBORS INVESTMENT CORP. 401(K) PLAN (2024) Form 5500
Creator: TWO HARBORS INVESTMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWO HARBORS INVESTMENT CORP. 401(K) PLAN, TWO HARBORS INVESTMENT CORP.

TWO HARBORS INVESTMENT CORP.EIN 27-0312904Plan #001PY 2024

1601 UTICA AVENUE SOUTH, SUITE 900 - ST. LOUIS PARK, MN 55416612-453-4100twoinv.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$23.9M

+30.5% from 2023

Total participants

563

+15.1% from 2023

Average account balance

$43,970

+8.7% from 2023

Annual return

19.91%

-86.38 pp from 2023

Benchmarks

See 1,550 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,550 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$23.92M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$44K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

544

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.91%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$132

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$71,860

Plan features & details

Pension benefit codes2J2R2T3D3H2E2F2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$72K

$141 / participant

Recordkeeping$72K99.8%
Investment mgmt$1230.2%

% of EOY assets

0.301%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LB CARLSON LLP
Auditor EIN: 411504933
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,970

$129,095-65.9%

$184,200-76.1%

$77,671-43.4%

Participation rate

96.3%

87.3%+8.9pp

86.8%+9.4pp

70.6%+25.7pp

Annual return

19.91%

33.29%-13.4pp

28.80%-8.9pp

31.21%-11.3pp

Employer contribution / active EE

$2,568

$4,410-41.8%

$6,424-60.0%

$2,726-5.8%

Participant deferral / active EE

$5,808

$7,300-20.4%

$9,132-36.4%

$4,648+25.0%

Admin fee / account holder

$132

$256-48.3%

$13,907-99.0%

$430-69.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$71,860

TWO HARBORS INVESTMENT CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWO HARBORS INVESTMENT CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion