Employers › Onity Group
Recordkeeping fees per participant · Onity Group Inc. 401(k) Savings Plan · plan year 2024
$7.27
Higher than 7% of the 1,697 plans $250M to 1B that report it.
= $18,648 / 2,566
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929152541NAL0011477345001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929152541NAL0011477345001, received 2025-09-29
Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-09-29.
Administrative expenses excluding investment management, per participant
$7.27
Higher than 4% of the 2,324 plans $250M to 1B that report it.
= $18,648 / 2,566
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929152541NAL0011477345001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929152541NAL0011477345001, received 2025-09-29
Administrative expenses per participant
$37.72
Higher than 14% of the 2,405 plans $250M to 1B that report it.
= $96,790 / 2,566
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929152541NAL0011477345001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929152541NAL0011477345001, received 2025-09-29
Administrative expenses as a share of assets
0.029%
Higher than 17% of the 2,407 plans $250M to 1B that report it.
= $96,790 / $335,234,657
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929152541NAL0011477345001, received 2025-09-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929152541NAL0011477345001, received 2025-09-29
Employer contributions per participant
$909
Higher than 6% of the 2,457 plans $250M to 1B that report it.
= $2,333,568 / 2,566
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929152541NAL0011477345001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929152541NAL0011477345001, received 2025-09-29
Employer share of total contributions
22.9%
Higher than 24% of the 2,459 plans $250M to 1B that report it.
= $2,333,568 / $10,203,455
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929152541NAL0011477345001, received 2025-09-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929152541NAL0011477345001, received 2025-09-29
Employer match
“For the 401(k) plans, we match 50% of the first 6% of each eligible participant’s contribution to the 401(k) plans with maximum aggregate matching of $10,500 for 2025.”
Form 10-K filed 2026-02-17, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250929152541NAL0011477345001, received 2025-09-29
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ONITY GROUP INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Plan name | ONITY GROUP INC. 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Sponsor EIN / plan number | 65-0039856 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Sponsor location | WEST PALM BEACH, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Filing received | 2025-09-29 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Participants, beginning of year | 2,925 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Active participants | 1,016 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Participants, end of year | 2,600 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Participants with an account balance | 2,566 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Total assets, beginning of year | $314,667,101 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Total assets, end of year | $335,234,657 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Net assets, end of year | $335,225,832 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Total income | $54,317,470 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Net income | $20,589,844 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Employer contributions | $2,333,568 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Participant contributions | $7,083,939 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Other contributions (incl. rollovers) | $785,948 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Total contributions | $10,203,455 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Benefit payments | $33,630,923 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Total expenses (incl. benefit payments) | $33,727,626 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Total administrative expenses | $96,790 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Recordkeeping fees | $18,648 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Investment advisory and management fees | $78,142 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Administrative expenses excluding investment management | $18,648 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Held in common/collective trusts | $149,299,539 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Held in mutual funds | $183,749,259 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250929152541NAL0011477345001, received 2025-09-29 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250929152541NAL0011477345001, received 2025-09-29 |
Position = column in the DOL layout for form year 2024. Filing 20250929152541NAL0011477345001, received 2025-09-29.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND Srecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 60 Sub-transfer agency fees; 62 Float revenue; 72 Other investment fees and expenses | $146,318 | yes |
| NFP RETIREMENT | CONSULTANT | 70 Consulting fees | $50,000 | no |
| BAKER TILLY US, LLP | CONSULTANT | 10 Accounting (including auditing) | $28,142 | no |
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 20250929152541NAL0011477345001, received 2025-09-29.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $314,667,101 | $335,234,657 | 6.5% |
| Participants with a balance | 2,863 | 2,566 | -10.4% |
| Administrative expenses | $156,007 | $96,790 | -38.0% |
| Recordkeeping fees per participant | $18.66 | $7.27 | -61.1% |
| Employer contributions | $2,523,309 | $2,333,568 | -7.5% |
Prior filing 20240913130759NAL0005990403001, received 2024-09-13; the plan years are contiguous.
Sponsor name as filed: ONITY GROUP INC.; SEC registrant: ONITY GROUP INC. (CIK 873860, matched by EIN; display name from the Form 10-K cover).