Employers › MFA Financial
Recordkeeping fees per participant · MFA Financial, Inc. 401(k) Savings Plan · plan year 2024
$20.04
Higher than 19% of the 14,075 plans $10 to 50M that report it.
= $7,957 / 397
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924091834NAL0007921024001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924091834NAL0007921024001, received 2025-09-24
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-24.
Administrative expenses excluding investment management, per participant
$20.04
Higher than 13% of the 24,371 plans $10 to 50M that report it.
= $7,957 / 397
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924091834NAL0007921024001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924091834NAL0007921024001, received 2025-09-24
Administrative expenses per participant
$27.74
Higher than 10% of the 25,098 plans $10 to 50M that report it.
= $11,014 / 397
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924091834NAL0007921024001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924091834NAL0007921024001, received 2025-09-24
Administrative expenses as a share of assets
0.031%
Higher than 9% of the 25,132 plans $10 to 50M that report it.
= $11,014 / $35,994,312
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924091834NAL0007921024001, received 2025-09-24
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924091834NAL0007921024001, received 2025-09-24
Employer contributions per participant
$3,601
Higher than 81% of the 24,050 plans $10 to 50M that report it.
= $1,429,414 / 397
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924091834NAL0007921024001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924091834NAL0007921024001, received 2025-09-24
Employer share of total contributions
30.1%
Higher than 58% of the 24,084 plans $10 to 50M that report it.
= $1,429,414 / $4,756,463
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924091834NAL0007921024001, received 2025-09-24
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924091834NAL0007921024001, received 2025-09-24
Employer match
“The Company matches 100% of the first 3% of eligible compensation deferred by employees and 50% of the next 2%, subject to a maximum as provided by the Code.”
Form 10-K filed 2026-02-20, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Vesting
“Participants are immediately vested in their before-tax or after-tax and Company matching contributions, as well as any investment earnings/losses thereon.”
Form 11-K filed 2025-05-30, for the year ended 2024-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2024-12-31 and 2025-12-31. Figures cover plan year 2024. The plan document governs.
3H controlled-group sponsor · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3F · 3D IRS pre-approved plan · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250924091834NAL0007921024001, received 2025-09-24
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MFA FINANCIAL, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Plan name | MFA FINANCIAL, INC. 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Sponsor EIN / plan number | 13-3974868 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Industry (business code) | 531390, Real estate and rental and leasing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Filing received | 2025-09-24 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Participants, beginning of year | 454 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Active participants | 341 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Participants, end of year | 456 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Participants with an account balance | 397 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Total assets, beginning of year | $28,111,822 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Total assets, end of year | $35,994,312 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Net assets, end of year | $35,994,312 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Total income | $10,171,620 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Net income | $7,882,490 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Employer contributions | $1,429,414 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Participant contributions | $2,926,752 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Other contributions (incl. rollovers) | $400,297 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Total contributions | $4,756,463 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Benefit payments | $2,278,116 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Total expenses (incl. benefit payments) | $2,289,130 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Total administrative expenses | $11,014 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Recordkeeping fees | $7,957 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Investment advisory and management fees | $3,057 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Administrative expenses excluding investment management | $7,957 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Held in mutual funds | $25,643,451 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250924091834NAL0007921024001, received 2025-09-24 |
| Independent auditor | EISNERAMPER | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250924091834NAL0007921024001, received 2025-09-24 |
Position = column in the DOL layout for form year 2024. Filing 20250924091834NAL0007921024001, received 2025-09-24.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $-8,589 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250924091834NAL0007921024001, received 2025-09-24.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $28,111,822 | $35,994,312 | 28.0% |
| Participants with a balance | 373 | 397 | 6.4% |
| Administrative expenses | $14,682 | $11,014 | -25.0% |
| Recordkeeping fees per participant | not reported | $20.04 | |
| Employer contributions | $1,991,937 | $1,429,414 | -28.2% |
Prior filing 20240807111426NAL0002072483001, received 2024-08-07; the plan years are contiguous.
Sponsor name as filed: MFA FINANCIAL, INC.; SEC registrant: MFA FINANCIAL, INC. (CIK 1055160, matched by EIN; display name from the Form 11-K cover).