Plan Ledger DOL Form 5500 · updated monthly

Morgan-Keller, Inc.401(k)

MORGAN-KELLER, INC. 401(K) PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Morgan-Keller, Inc. reported $69,529 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,466 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 0.32%. 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 595th-largest of 1,671 plans among Maryland employers on file, and the 1,863rd of 5,337 in construction. In 2024, employees put in $4.07 for every $1.00 the employer contributed; active participation has shrunk from 278 to 250 since 2022.

Plan summary
Net assets, end of year$22,509,847
Participants with balances283
Active participants250
Employer contributions$366,546
Employee contributions$1,491,157
Employer contribution per active participant$1,466
Average account balance$79,540
Benefits paid to participants$2,513,657
Plan auditUnmodified (clean) audit opinion
AuditorMCLEAN, KOEHLER, SPARKS & HAMMOND
Plan history3
Yearassets · accounts · employer contribution
2024$22.5M · 283 accts · $367K emplr
2023$20.4M · 282 accts · $367K emplr
2022$16.7M · 294 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,529
Total administrative$69,529
The Morgan-Keller, Inc. 401(k) match · 2024
Employer contribution per active participant$1,466
Median for plans this size$2,416
2024$1,466 per active participant
2023$1,422 per active participant
2022$1,237 per active participant

Morgan-Keller, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20242
JOHN HANCOCK TRUST COMPANY LLC · Recordkeeping · Investment management$42,502
LPL FINANCIAL LLC · Investment advisory (participants)$24,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$69,529 · 0.32%
2023$64,027 · 0.35%
2022$63,069 · 0.33%
Same employer
Similar plansConstruction · Maryland
John C. Grimberg Co. Inc. MD$22.3M · 0.04%
Case Design/Remodeling,Inc. MD$22.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520741857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.