Plan Ledger DOL Form 5500 · updated monthly

James D. Morrissey, Inc.401(k)

JAMES D. MORRISSEY, INC. 401(K) PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.19%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

James D. Morrissey, Inc. reported $45,070 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $4,269 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,298th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,674th of 5,337 in construction. In 2024, employees put in $1.08 for every $1.00 the employer contributed; active participation has grown from 222 to 258 since 2022.

Plan summary
Net assets, end of year$26,374,416
Participants with balances349
Active participants258
Employer contributions$1,101,433
Employee contributions$1,185,563
Employer contribution per active participant$4,269
Average account balance$75,571
Benefits paid to participants$558,240
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 349 accts · $1.1M emplr
2023$21.3M · 324 accts · $962K emplr
2022$17.3M · 312 accts · $908K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,070
Total administrative$45,070
The James D. Morrissey, Inc. 401(k) match · 2024
Employer contribution per active participant$4,269
Median for plans this size$2,416
2024$4,269 per active participant
2023$4,146 per active participant
2022$4,088 per active participant

James D. Morrissey, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
LPL FINANCIAL · Investment advisory (plan)$42,794
N.A. FALCONE & ASSOCIATES, INC. · Contract administrator$11,036
CAPITAL GROUP RETIREMENT PLAN SVCS$3,148

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$45,070 · 0.19%
2023$58,963 · 0.31%
2022$35,901 · 0.20%
Same employer
Similar plansConstruction · Pennsylvania
Fine Line Homes, Inc. PA$27.9M · 0.03%
Stewart & Tate, Inc. PA$27.9M · 0.63%
Gooding Group, LLC PA$27.3M · 0.41%
Leonard S. Fiore, Inc. PA$26.0M · 0.34%
Qualtek USA, LLC PA$26.0M · 0.43%
People 2.0 Global, LP PA$25.9M · 0.05%
Caddick Utilities LLC PA$25.6M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231268801 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.