401k Plan data: BETTER MORTGAGE 401(K) PLAN plan

BETTER MORTGAGE 401(K) PLAN 401k Plan overview

Plan Name	BETTER MORTGAGE 401(K) PLAN
Plan identification number	001

BETTER MORTGAGE 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BETTER HOLDCO, INC. has sponsored the creation of one or more 401k plans.

Company Name: BETTER HOLDCO, INC.

Employer identification number (EIN): 473750777

NAIC Classification: 522291
NAIC Description: Consumer Lending

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETTER MORTGAGE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2021-01-01
001 2020-02-14
001 2020-02-14
001 2020-01-01
001 2019-01-01 NOCHOLAS CALAMARI 2020-10-15
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01

Plan Statistics for BETTER MORTGAGE 401(K) PLAN

401k plan membership statisitcs for BETTER MORTGAGE 401(K) PLAN

Measure Date Value
2022: BETTER MORTGAGE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 5,992
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 590
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 2,137
Total of all active and inactive participants 2022-01-01 2,728
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 2
Total participants 2022-01-01 2,730
Number of participants with account balances 2022-01-01 2,717
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: BETTER MORTGAGE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 3,509
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 4,895
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 1,094
Total of all active and inactive participants 2021-01-01 5,990
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 2
Total participants 2021-01-01 5,992
Number of participants with account balances 2021-01-01 5,620
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: BETTER MORTGAGE 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-02-14 1,032
Total number of active participants reported on line 7a of the Form 5500 2020-02-14 3,310
Number of retired or separated participants receiving benefits 2020-02-14 0
Number of other retired or separated participants entitled to future benefits 2020-02-14 199
Total of all active and inactive participants 2020-02-14 3,509
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-02-14 0
Total participants 2020-02-14 3,509
Number of participants with account balances 2020-02-14 3,165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-02-14 0
Total participants, beginning-of-year 2020-01-01 1,032
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 3,310
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 199
Total of all active and inactive participants 2020-01-01 3,509
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 3,509
Number of participants with account balances 2020-01-01 3,165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: BETTER MORTGAGE 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 295
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 786
Number of retired or separated participants receiving benefits 2019-01-01 2
Number of other retired or separated participants entitled to future benefits 2019-01-01 66
Total of all active and inactive participants 2019-01-01 854
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 854
Number of participants with account balances 2019-01-01 696
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2022: BETTER MORTGAGE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	5,992
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	590
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	2,137
Total of all active and inactive participants	2022-01-01	2,728
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	2
Total participants	2022-01-01	2,730
Number of participants with account balances	2022-01-01	2,717
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: BETTER MORTGAGE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	3,509
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	4,895
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	1,094
Total of all active and inactive participants	2021-01-01	5,990
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	2
Total participants	2021-01-01	5,992
Number of participants with account balances	2021-01-01	5,620
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: BETTER MORTGAGE 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-02-14	1,032
Total number of active participants reported on line 7a of the Form 5500	2020-02-14	3,310
Number of retired or separated participants receiving benefits	2020-02-14	0
Number of other retired or separated participants entitled to future benefits	2020-02-14	199
Total of all active and inactive participants	2020-02-14	3,509
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-02-14	0
Total participants	2020-02-14	3,509
Number of participants with account balances	2020-02-14	3,165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-02-14	0
Total participants, beginning-of-year	2020-01-01	1,032
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	3,310
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	199
Total of all active and inactive participants	2020-01-01	3,509
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	3,509
Number of participants with account balances	2020-01-01	3,165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: BETTER MORTGAGE 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	295
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	786
Number of retired or separated participants receiving benefits	2019-01-01	2
Number of other retired or separated participants entitled to future benefits	2019-01-01	66
Total of all active and inactive participants	2019-01-01	854
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	854
Number of participants with account balances	2019-01-01	696
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on BETTER MORTGAGE 401(K) PLAN

Measure	Date	Value
2022 : BETTER MORTGAGE 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$4,179,867
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$30,934,810
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$30,709,843
Value of total corrective distributions	2022-12-31	$31,288
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$19,368,429
Value of total assets at end of year	2022-12-31	$56,031,554
Value of total assets at beginning of year	2022-12-31	$82,786,497
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$193,679
Total interest from all sources	2022-12-31	$18,760
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$1,897,999
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$1,897,999
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$16,389,761
Participant contributions at end of year	2022-12-31	$332,158
Participant contributions at beginning of year	2022-12-31	$894,434
Participant contributions at end of year	2022-12-31	$164,792
Participant contributions at beginning of year	2022-12-31	$1,630,746
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$2,978,668
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2022-12-31	$69,415
Administrative expenses (other) incurred	2022-12-31	$193,679
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-26,754,943
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$56,031,554
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$82,786,497
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$54,358,846
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$79,783,504
Interest on participant loans	2022-12-31	$18,760
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$1,175,758
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$471,997
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$471,997
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-17,105,321
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Employer contributions (assets) at end of year	2022-12-31	$0
Employer contributions (assets) at beginning of year	2022-12-31	$5,816
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$30,640,428
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	SENSIBA LLP
Accountancy firm EIN	2022-12-31	942370906
2021 : BETTER MORTGAGE 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$54,720,818
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$2,929,947
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$2,913,886
Value of total corrective distributions	2021-12-31	$1,042
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$16,048,987
Value of total assets at end of year	2021-12-31	$81,149,934
Value of total assets at beginning of year	2021-12-31	$29,359,063
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$15,019
Total interest from all sources	2021-12-31	$6,041
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,406,893
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$1,406,893
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$10,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$11,852,250
Participant contributions at end of year	2021-12-31	$894,434
Participant contributions at beginning of year	2021-12-31	$273,623
Participant contributions at end of year	2021-12-31	$1,630,746
Participant contributions at beginning of year	2021-12-31	$1,022,949
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$4,196,737
Other income not declared elsewhere	2021-12-31	$37,525,153
Administrative expenses (other) incurred	2021-12-31	$15,019
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$51,790,871
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$81,149,934
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$29,359,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$80,255,500
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$27,718,765
Interest on participant loans	2021-12-31	$6,041
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$471,997
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$343,726
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$343,726
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$-266,256
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$5,816
Employer contributions (assets) at end of year	2021-12-31	$5,816
Employer contributions (assets) at beginning of year	2021-12-31	$8,518
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$2,913,886
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BDO
Accountancy firm EIN	2021-12-31	135381590
2020 : BETTER MORTGAGE 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$5,769,844
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$24,083,942
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$494,723
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$464,130
Value of total corrective distributions	2020-12-31	$1,414
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$18,143,556
Value of total assets at end of year	2020-12-31	$29,359,063
Value of total assets at beginning of year	2020-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$29,179
Total interest from all sources	2020-12-31	$5,593
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$390,178
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$390,178
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$10,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$12,820,116
Participant contributions at end of year	2020-12-31	$273,623
Participant contributions at end of year	2020-12-31	$1,022,949
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$5,323,440
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$23,589,219
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$29,359,063
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$27,718,765
Interest on participant loans	2020-12-31	$4,093
Income. Interest from loans (other than to participants)	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$343,726
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$1,500
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$5,544,615
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$464,130
Contract administrator fees	2020-12-31	$29,179
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	BDO
Accountancy firm EIN	2020-12-31	135381590
2019 : BETTER MORTGAGE 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$4,610,301
Total income from all sources (including contributions)	2019-12-31	$4,610,301
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$384,435
Total of all expenses incurred	2019-12-31	$384,435
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$367,255
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$367,255
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$3,849,828
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$3,849,828
Value of total assets at end of year	2019-12-31	$6,330,873
Value of total assets at end of year	2019-12-31	$6,330,873
Value of total assets at beginning of year	2019-12-31	$2,105,007
Value of total assets at beginning of year	2019-12-31	$2,105,007
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$17,180
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$17,180
Total interest from all sources	2019-12-31	$869
Total interest from all sources	2019-12-31	$869
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$109,236
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$109,236
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$109,236
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$109,236
Administrative expenses professional fees incurred	2019-12-31	$17,180
Administrative expenses professional fees incurred	2019-12-31	$17,180
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$10,000
Value of fidelity bond cover	2019-12-31	$10,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$3,039,411
Contributions received from participants	2019-12-31	$3,039,411
Participant contributions at end of year	2019-12-31	$25,175
Participant contributions at end of year	2019-12-31	$25,175
Participant contributions at beginning of year	2019-12-31	$0
Participant contributions at beginning of year	2019-12-31	$0
Participant contributions at end of year	2019-12-31	$160,963
Participant contributions at end of year	2019-12-31	$160,963
Participant contributions at beginning of year	2019-12-31	$0
Participant contributions at beginning of year	2019-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$810,417
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$810,417
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$4,225,866
Value of net income/loss	2019-12-31	$4,225,866
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$6,330,873
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$6,330,873
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$2,105,007
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$2,105,007
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$6,137,223
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$6,137,223
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$2,105,007
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$2,105,007
Interest on participant loans	2019-12-31	$869
Interest on participant loans	2019-12-31	$869
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$7,512
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$7,512
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$136
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$650,368
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$650,368
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$367,255
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$367,255
Contract administrator fees	2019-12-31	$13,043
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	BDO
Accountancy firm name	2019-12-31	BDO
Accountancy firm EIN	2019-12-31	135381590
Accountancy firm EIN	2019-12-31	135381590

Form 5500 Responses for BETTER MORTGAGE 401(K) PLAN

2022: BETTER MORTGAGE 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: BETTER MORTGAGE 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: BETTER MORTGAGE 401(K) PLAN 2020 form 5500 responses
2020-02-14	Type of plan entity	Single employer plan
2020-02-14	First time form 5500 has been submitted	Yes
2020-02-14	Submission has been amended	No
2020-02-14	This submission is the final filing	No
2020-02-14	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-02-14	Plan is a collectively bargained plan	No
2020-02-14	Plan funding arrangement – Trust	Yes
2020-02-14	Plan benefit arrangement - Trust	Yes
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BETTER MORTGAGE 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	BETTER HOLDCO, INC.
Employer identification number (EIN):	473750777
NAIC Classification:	522291
NAIC Description:	Consumer Lending